[vc_row][vc_column][vc_column_text]It’s always nice to hear positive news. So as we head into 2023, here are a few things to look forward to
10 Positives
- Back-to-back negative stock market years are rare having only occurred 9% of the time since 1928.
- Although still high, inflation has been decreasing over the past 6 months
- 2023 interest rate increases are only expected to be 0.5%
- The Winnipeg Jets are fighting for first place in the Central Division
- Since 1926, when a portfolio made up of 60% equities and 40% fixed income has declined by more than 10%, it’s gone on to average 7.9% over the following 12 months, 17.4% over the next 36 months, and 37.1% over the next 5 years.
- The Canadian unemployment rate remains low, suggesting a housing crash is unlikely as most people are generating income and will cut other expenses before defaulting on their mortgages.
- No more stairs or trying to squeeze into our parking lot. We’re moving to a new office in the summer of 2023
- Federal tax brackets have increased by 6.3% meaning in 2023 you’ll pay less tax on the same amount of income.
- Shania Twain is coming back to Winnipeg – TWICE, once in May and then again in November
- The last time (2008) US stock markets were down over 20% in a calendar year, the following year (2009) they were up 25.94%
Sources
- https://awealthofcommonsense.com/2022/12/how-often-is-the-market-down-in-consecutive-years/
- https://www.rateinflation.com/inflation-rate/canada-inflation-rate
- https://myperch.io/canada-interest-rate-forecast/
- https://www.dimensional.com/ca-en/insights/the-60-40-portfolio-down-but-not-out
- https://tradingeconomics.com/canada/unemployment-rate
- https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/adjustment-personal-income-tax-benefit-amounts.html
- https://awealthofcommonsense.com/2022/12/how-often-is-the-market-down-in-consecutive-years/
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