Ord Private Wealth Management of RBC Dominion Securities Inc.

At Ord Private Wealth Management, our portfolio contains many companies that are significant beneficiaries of AI, so I was intrigued to listen to this episode of Disruptors.

The global race to apply AI to robotics in a way that can make society better is on — offering unprecedented efficiency, precision and enhancing productivity to relieve humans from mundane tasks. Though there are concerns regarding ethical dilemmas and potential job displacement — fueling fears about the societal impact of these advancements. Striking a balance between the benefits and addressing these apprehensions will be key to unlocking a harmonious integration into our daily lives. On this episode of Disruptors, John Stackhouse visits Sanctuary AI — a Canadian company recognized on TIME’s Best Inventions of 2023 — to explore the cutting-edge future of humanoid robotics and is joined by visionary, Suzanne Gildert, the company’s Co-founder and Chief Technology Officer.

Disruptors - RBC Thought Leadership Insights for navigating a rapidly changing world.

One veteran Bay Street economist predicts the Bank of Canada will need to bring borrowing costs down to pre-pandemic levels to avoid a deflationary scenario.

‘Inflation going to zero’ if BoC too slow to bring rates down: David Rosenberg

Wherever you are in your business lifecycle, what's next? What’s your exit strategy? What will retirement look like? It’s never too early to lay the groundwork for a smooth transition. Let us help you start planning your next chapter.

Please reach out to us for further information

www.ordprivatewealthmanagement.com

There’s no one-size-fits-all approach when estate planning involves a family cottage. Learn what David Chilton recommends your family’s first step in the process should be.

The Wealthy Barber on how a cottage can complicate estate planning “The last thing you want is for your cottage, a place of great memories, a true family treasure, to end up being a wedge that drives your family apart.”

Please find our link below to our March edition of "Not Your ORDinary Newsletter" entitled "A Diversified Strategy for Retirement Income can Really Pay Dividends!"

When a client tells us, “I need dividend income in retirement”, what they are really saying is “I need MONEY to fund my expenses in retirement”. The source of that money doesn’t necessarily have to come strictly from dividends but many retail investors consider large dividend paying stocks as “safer” and desire the higher cash flow that comes along with them. However, what can get lost in that way of thinking is the fact that many of the most well-managed; profitable; and innovative companies in the world today do not pay their shareholders a large dividend.

When a client asks us, “how should I fund my retirement income needs?”. We suggest that the best answer to this question is a little more nuanced than “Own dividend stocks!”

In this months newsletter we delve in to how we manage income requirements for our discretionary clients’ portfolios

Finally, this time of year, taxes are on everyone’s mind. Looking for ways to reduce taxes is a focus of tax planning for people in any financial situation. So in this months edition we look at income splitting opportunities for clients

Ord Private Wealth Management - Not Your ORDinary Newsletter Below is Ord Private Wealth Management’s March edition of our newsletter. Please reach out to us if you have questions or concerns about anything we have touched upon. For more information please feel free to contact us.

Please find our link below to the January "2023 Year in Review" edition of "Not Your ORDinary Newsletter" where we look back at our 2023 Commentary.

We usually aim our focus on the future when it comes to investing. However, this time we are going to shift gears and look back at the year that was, by revisiting some of our previous commentary from the “Not Your ORDinary Newsletter.”

Did our previously published comments from 2023 line up with the recovery in markets last year? Spoiler Alert! YES, they did! 2023 was a really good year for clients of Ord Private Wealth Management.

This newsletter offers a retrospective on our economic and stock market views throughout the past year, to reflect on why we felt a certain way at various points in time. Our views were often against consensus, which turned out to be the correct path. We also touch on our expectations for 2024, and what we have done in our portfolios to reflect our view.

It was not a good year in markets for many investors out there that took too cautious an approach. For those of you that are interested in learning more about how we successfully manage portfolios for our clients, please reach out to discuss.

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Ord Private Wealth Management - Not Your ORDinary Newsletter Below is Ord Private Wealth Management’s January edition of our newsletter. Please reach out to us if you have questions or concerns about anything we have touched upon. For more information please feel free to contact us.

Please find our link to our December "Holiday" edition of "Not Your ORDinary Newsletter" entitled "Winter Wonderland"

Season’s Greetings Everyone!

What a difference a month can make. November kept its crown as the best performing month for stocks on the calendar (as discussed in our last newsletter), and investors are feeling a sense of relief after the 3-month correction that preceded it.

As we close in on the end of 2023, we thought we’d look at what this recent rally in the markets could mean for markets going forward, and sprinkle in a bit of commentary on the Canadian economy. To help illustrate our points, we’ll get into the festive spirit and borrow a few lines from the classic, “Winter Wonderland”. We’re sure to be hearing it a bunch over the next few weeks

’TIS THE SEASON OF GIVING
The holiday season is a time of giving, and the time of year when the most donations to charity occur. We thought this was an ideal time to introduce The RBC Charitable Gift Program. To those who may not know about it, The RBC Charitable Gift Program provides many of the same advantages as a private foundation—without the upfront costs, complexities, and ongoing administration responsibilities

Ord Private Wealth Management - Not Your ORDinary Newsletter Below is Ord Private Wealth Management’s December edition of our newsletter. Please reach out to us if you have questions or concerns about anything we have touched upon. For more information please feel free to contact us.

Few things have been more disruptive and hotly debated this year than AI as 2023 marked the potential tipping point in its mass adoption thanks to the public release of generative AI platforms like ChatGPT.

From healthcare, to cybserecurity, to journalism and, now, Hollywood, AI is sending shockwaves through virtually every sector of our economy.

So, it’s a perfect time to highlight an episode from the Disruptors, an RBC Podcast, where host John Stackhouse talks with one of Canada’s preeminent AI voices, Professor Ajay Agrawal. Ajay is a professor at the University of Toronto’s Rotman School of Management and co-author of “Power and Prediction: The Disruptive Economics of Artificial Intelligence”.

To demonstrate how quickly AI will evolve, many of the predictions on this episode have already come to pass. But some of the most compelling questions about the future of artificial intelligence and its impact on our world have yet to be answered.

And for more information on how has incorporated AI successfully into our discretionary model portfolio please contact us at www.ordprivatewealthmanagement.com

Reboot of “AI Helped Produce This Episode” - RBC Thought Leadership Few things have been more disruptive and hotly debated this year than AI as 2023 marked the potential tipping point...

Please find the link below to our January "New Years" edition of "Not Your ORDinary Newsletter"

I will exercise more, eat healthier, spend more time with family. spend less time on social networks are ALL GREAT RESOLUTIONS, BUT THE ONE WE HOPE YOU WILL KEEP IS TO HAVE A HAPPY NEW YEAR!

When the calendar flips to January, for many, it brings a sense of expectation/ stress/hope/fear, for what the next 12 months may bring. That’s a lot to pile on to poor January, so let’s look at the big picture and lighten that load. For better or worse, investment returns are often referenced by individual calendar years, which can put undue importance on each annual period rather than the longer-term annualized return over multiple years.

IN THE SPIRIT OF THIS SEASON, WE’D LIKE TO OFFER SOME NEW YEAR’S RESOLUTIONS THAT EVERY INVESTOR CAN TAKE TO HEART.

#1 NEVER TURN DOWN A “FREE LUNCH” FROM THE GOVERNMENT

#2 LIMIT YOUR PERSONAL TAX BURDEN

#3 “SKATE TO WHERE THE PUCK IS GOING, NOT WHERE IT IS”

In this edition we also discuss THE START OF A NEW YEAR is a time when our team will be reminding our clients to contribute to their registered plans

I also share some personal thoughts, including a photo of my kids who all returned home from the West for the holidays.

And finally, as an avid "watcher" of the major streaming networks, I share my top 3 picks for the month of January.

Not Your ORDinary Newsletter Below is Ord Private Wealth Management’s January edition of our newsletter. Please reach out to us if you have questions or concerns about anything we have touched upon. For more information please feel free to contact us.

In previous work, we projected a moderate recession for Canada’s economy in 2023. We now believe this downturn will arrive as early as the first quarter of next year.

Higher prices and interest rates will shave $3,000 off the average household’s purchasing power, weighing on goods purchases.

And the jobless rate will near 7% while remaining less severe than in previous downturns.

As debt-servicing costs increase and purchasing power declines, lower income Canadians—many already adjusting to the loss of pandemic support—will be hit hardest.

The bottom line: The pain of the upcoming recession won’t be distributed equally among Canadian businesses and households. The manufacturing sector will likely be among the first to pull back while some high-contact service sectors like travel and hospitality could prove more resilient than in a ‘normal’ historical recession.

Canada’s recession to arrive earlier than expected Central banks are in the midst of one of the most aggressive rate-hiking cycles in history. - RBC Economics

Please find the link below to our "Thanksgiving" October edition of "Not Your ORDinary Newsletter"

AS WE MOVE INTO THE FINAL QUARTER OF 2022, IT’S THAT TIME OF YEAR WHEN WE TAKE A MOMENT TO STOP & REFLECT (MAYBE GRAB A SLICE OF TURKEY OR TWO) AND GIVE THANKS FOR THE ESSENTIAL THINGS IN LIFE, SUCH AS FAMILY; FRIENDS; AND THE JAYS MAKING THE PLAYOFFS!

INVESTING during the past year has been complex; however, we’re ready to set the table, sharpen our knives, and carve out a few nuggets of market-related information for which we can all be thankful. So, Let’s MOVE FORWARD & DIG IN" to our October market update

We also discuss, in this edition, the upcoming midterm election in the United States and how historically this has been a positive for the stock markets. We provide a link to the RBC Wealth Management article entitled "The Election effect"

And finally we give thanks to our partnership with Melo, Adam and RBC Private Banking and how they have helped many of our clients with complex banking and credit needs

Ord Private Wealth Management would finally like to thank all of our clients for their partnership and trust, and wish everyone a Happy Thanksgiving!

Go Jays Go!

ca.rbcwealthmanagement.com