Saunders Wealth Advisory Group

Giving wealth to adult children is rarely just a financial decision — it’s an emotional one too.

Before any transfer happens, families often need to have honest conversations about values, fairness, independence and intent.

The conversation you have, or avoid, can influence whether wealth brings a family closer together or creates tension.

Read more in our latest article: https://bit.ly/4xKWqNQ

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The Fed makes its next interest rate announcement on September 16. While the US labour market report was relatively robust, markets expect the Fed’s decision to be largely based on this week’s inflation report. Canada-US trade tensions may be in the news this week with Canada set to impose new retaliatory tariffs on the US.

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The Bank of Canada held its benchmark interest rate at 2.25%, citing ongoing trade uncertainty and inflation risks. As CIBC Chief Economist Avery Shenfeld noted, it was no surprise the Bank left its key rate unchanged “amidst the fog of a trade war.”

Read more about what this could mean for the Canadian economic outlook. https://bit.ly/4zWmGqd

Bank of Canada holds key rate as it prioritizes ‘multiple risks in play’ The Bank of Canada stuck to the sidelines as governor Tiff Macklem suggested the re-escalating trade war with the United States is not the only risk.

In this week’s Week Ahead, Avery Shenfeld notes that the US and Japan are facing a common challenge: rising long-term bond yields and tighter fiscal constraints. With slower growth and higher borrowing costs, managing government debt may become much harder.

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Did you know economic and market performance can impact all aspects of your wealth plan from cash flow management to your investment strategy?

In the latest Weekly Market Roundup, our partners at CIBC Global Asset Management discuss recent economic data and how the markets reacted this week. If you’d like to discuss this commentary or have questions about your investment portfolio, please get in touch with me anytime.

The future’s so bright, I gotta wear shades Economic data The month of September has arrived, but the sun keeps shining on the US economy. The week opened with the Institute for Supply Management (ISM) manufacturing and services surveys both signaling healthy expansion, at 54.

Statistics Canada reported Canada’s merchandise trade surplus narrowed sharply in July as exports declined for the first time in six months, while imports increased. Particularly notable amongst the data was a significant drop in exports to the US.

This drop came in July, just before trade tensions escalated between the two countries, leading to more tariffs.

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A lot of Canadians have counted on real estate to help build their retirement plans. Recent condo market shifts are a reminder that putting too much into any one asset can come with real risks. Diversification can play an important role in helping build a more resilient long-term strategy.

Read more here: https://bit.ly/4gwSdHy

Why investing in a second property is a bad retirement plan: Dale Jackson The Greater Toronto Area is leading a nationwide collapse in condominium prices.

At its September meeting, the Bank of Canada (BoC) held its benchmark overnight interest rate steady. Inflation remains elevated and above target.

However, inflationary pressures still appear to be largely contained to energy prices, and have not spilled over to other products, as evidenced by core inflation near the BoC’s 2% target. But the BoC did acknowledge that global developments have raised the upside risks to inflation. Here’s more from yesterday’s interest rate decision.

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S&P Global reported that Canada’s manufacturing sector expanded for a fifth straight month in August, albeit at a slightly slower pace than in July. Canada’s manufacturing sector has improved in 2026 compared to 2025, suggesting manufacturers and businesses have adapted to trade disruptions with the US.

However, the outlook is now clouded after fresh Canada-US trade tensions reemerged in late August.

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Canada’s inflation rate moved higher in July, with fuel and travel costs contributing to the increase.

Read more for a closer look at the latest inflation update: https://bit.ly/4zNZF8R

Consumer inflation ticked up to 3% in July, Statistics Canada says - National | Globalnews.ca Consumer inflation rose in July as gas prices increased, according to Statistics Canada, with the consumer price index ticking up from June.