Tectonic changes in the midst of the COVID-19 global pandemic

Our team was privileged to participate virtually in the Franklin Templeton’s 2021 Global Investment Outlook presentation on December 1st with keynote speaker, Stephen Poloz – special advisor to Osler, Hoskin & Harcourt LLP and former Governor of the Bank of Canada. This is part of the ongoing research we do for our client portfolios.

Mr. Poloz’s presentation was entitled the Tectonic forces acting on the Canadian Economy.

He highlighted five tectonic changes that we are seeing in Canada during the global Covid-19 pandemic.

1. Population Aging – slowing growth with the back half of the post-war baby boom and interest rates will likely stay low for a longer period of time and may not return to a normalized rate of 2%.

2. Growing Indebtedness – staggering amounts of government debt in Canada and worldwide. The central banks have pumped in lots of liquidity into the economies.

3. Technological Progress – similar to previous industrial revolutions in previous generations the digitization of the economy with AI (Artificial Intelligence) has progressed in leaps and bounds during the past eight months specifically – this will have long-term consequences to how we live and work daily. Advancements that were going to come in the next decade or so (good or bad) have been accelerated since March of 2020.

4. Rising Inequality – reality is that the growth is not equal; some companies and some individuals will succeed more so than others. There is an undercurrent of discontent in society currently.

5. Climate Change – managing carbon footprints will increase corporate costs, potential job losses as companies shift to more and more green options, and the opportunities they present.

Mr. Poloz discussed the large federal and provincial government’s deficit and inflationary pressures (perhaps deflation and stagflation). Mr. Poloz commented that “Canada is in a healthy situation – working our way through it as well or better than others.” Covid-19 has accelerated many of the above noted tectonic changes. Stay healthy and positive during these difficult times.

The three of us are always available - just reach out to us.

-Deborah, Kelly, & Gary

2nd Place Essay Winner Of The 2020 Helping Hands Scholarship

Congratulations to our 2nd place Winner for this years’ Helping Hands Scholarship award - Imogen Barnard

Imogen has committed to the University of Guelph – Bachelor of Commerce majoring in Management

(attending virtually due to COVID-19)

“The grandfather of quality and modern business management, W. Edwards Deming, said “Put a good person in a bad system and the bad system wins, no contest.” ​This quote best captures the lens of how I see and interact with the world. I continually strive to create the best systems so that I can be successful in my extracurricular activities, at school, in the time of COVID-19 and in my future c​hosen career as a supply chain manager….

It may be difficult to decide what you are going to do with the rest of your life, especially at seventeen when applying to university, but that was not the case for me. I am able to see the big picture..”

Read Imogen’s full essay below!

Swipe to read more ->

Remembrance Day 2020

Keep the poppy going for our Veterans!

November 11th... A Time To Remember.
When you see poppies or wear a poppy this Remembrance Day, remember that we have the lives we have today because so many people gave their lives unselfishly for us to experience the freedom we have in 2020.

Lifeview Financial,

Deb, Kelly & Gary

7th Annual Helping Hands Scholarship

7th Annual Helping Hands Scholarship

Helping Hands Scholarship (the “Scholarship”) was established by six colleagues. Financial advisors ‐ Deborah Kohlsmith, Gary Elder, Kelly Wood and Alfred Redmann of HollisWealth, a trade name of Investia Financial Services Inc. (“HollisWealth”) and Investment Advisors ‐ Shane Nixon and Kim Seipt of HollisWealth, a division of Industrial Alliance Securities Inc. (all are the “Founding Advisors”). In addition, the Scholarship receives generous donations from Mark Rocklin, Regional Vice President – Ontario of Investia/HollisWealth and Stacie Fischer, Regional Vice President of IA Securities.

The intention of the Founding Advisors when establishing the Scholarship was to encourage and assist young people to pursue post‐secondary education. We believe that post‐secondary education is the foundation to a better future and we are delighted that we can continue to help young people realize their full potential.

Helping Hands Scholarship consists of two cash awards: 1st place ‐ $3,500 cash award

2nd place ‐ $2,500 cash award
Applicants for Scholarship monies must meet certain criteria – see below.

Selection Criteria:

• Applicants for Scholarship monies must (i) be entering a 1st year undergraduate University or College program or be an Apprenticeship student, starting their program any time during 2020; and (ii) be an immediate family member (specifically ‐ son, daughter, niece or nephew, stepdaughter or stepson, or grandchildren are eligible) of one of our current clients.

• Applicants must submit an essay entitled “My Life Goals” which should be between 2000 and 2500 words in length and should address the following elements/questions: (i) Tell us about yourself and your community involvement; (ii) What inspired you to choose your career path or area of study? (iii) What do you hope to achieve in your career with your education? and (iv) How has the current pandemic impacted you and your career choice, and what have you accomplished during this unprecedented time personally? (NOTE: your essay should be the correct length and touch on each of the areas mentioned above).

• The essay should ONLY be submitted to the following email address: helpinghandsscholarship@gmail.com and should include student’s name, who the student is related to (and the respective advisor), mailing address, email address, phone number, name of school the student is attending, and the name of the programme they are enrolled in (all are mandatory).

• Only one application per family will be accepted in any given year.

• Proof of enrolment and proof of attendance as a full time student will be mandatory (confirmation of payment and semester schedule would be required to be submitted) prior to the student(s) receiving any Scholarship money. Once we have determined the winners, we will request this information be submitted within a timely manner to be eligible for the award(s).

  Selection Process

• The essays will be submitted by email to helpinghandsscholarship@gmail.com – they will be immediately numbered and made anonymous. The selection committee (comprised of the Founding Advisors) will review the essays and rank them based upon the following factors: (i) Proper essay format, spelling and grammar; (ii) Content of the essay relevant to our established criteria; (iii) Creativity and inspiration and (iv) Demonstration of leadership & community involvement.

• The Founding Advisors will be responsible for choosing the ‘winning’ submissions by a majority vote.

• The presentations will be made at a pre‐determined location and time and there will be a photo opportunity for our partners as well as the recipients and his/her parents or grandparents. The winning submission and photo(s) will be included in one of our upcoming Newsletter (written permission will be required to include the winning submissions and photos in our future Newsletters – this is also a mandatory component of the Scholarship).

Helping Hands Scholarship is a charitable initiative organized, funded and administered by Deborah Kohlsmith, Gary Elder, Kelly Wood, Shane Nixon, Alfred Redmann and Kim Seipt in their individual capacities. Helping Hands Scholarship is unrelated to HollisWealth, Investia Financial Services Inc. and Industrial Alliance Securities Inc., which are wholly owned subsidiaries of Industrial Alliance Insurance and Financial Services Inc. (‘iA Financial Group’). iA Financial Group and its related and affiliated companies have no liability for Helping Hands Scholarship.

NOTE:

Immediate children of the founding advisors and their employees are not eligible for this Scholarship.

Application Deadline:

• The deadline for submissions will be August 5th, 2020 and the recipients of Scholarship monies will be contacted by email and/or phone no later than August 20th, 2020. The awards will be presented to the winners at a convenient time in the near future.

We are looking forward to receiving submissions. Best of luck to the students who will be participating. Should you have any questions regarding your submissions please don’t hesitate to reach out to us.

Health, Happiness & Success!