10 Positives Going Into 2023

10 Positives Going Into 2023

[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

  1. Back-to-back negative stock market years are rare having only occurred 9% of the time since 1928.


  1. Although still high, inflation has been decreasing over the past 6 months


  1. 2023 interest rate increases are only expected to be 0.5%


  1. The Winnipeg Jets are fighting for first place in the Central Division


  1. 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.


  1. 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.


  1. No more stairs or trying to squeeze into our parking lot. We’re moving to a new office in the summer of 2023


  1. Federal tax brackets have increased by 6.3% meaning in 2023 you’ll pay less tax on the same amount of income.


  1. Shania Twain is coming back to Winnipeg – TWICE, once in May and then again in November


  1. The last time (2008) US stock markets were down over 20% in a calendar year, the following year (2009) they were up 25.94%



  1. https://awealthofcommonsense.com/2022/12/how-often-is-the-market-down-in-consecutive-years/
  2. https://www.rateinflation.com/inflation-rate/canada-inflation-rate
  3. https://myperch.io/canada-interest-rate-forecast/
  4. https://www.dimensional.com/ca-en/insights/the-60-40-portfolio-down-but-not-out
  5. https://tradingeconomics.com/canada/unemployment-rate
  6. https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/adjustment-personal-income-tax-benefit-amounts.html
  7. https://awealthofcommonsense.com/2022/12/how-often-is-the-market-down-in-consecutive-years/


Colin Sabourin is a Winnipeg-based investment & financial advisor with Harbourfront Wealth Management. His specialty is working with farmers who are planning to sell or transition their farms within the next 5 to 10 years. 

Disclaimer: The views expressed are those of Colin Sabourin, Certified Financial Planner, and Investment Advisor, and not necessarily those of Harbourfront Wealth Management Inc., a member of the Canadian Investor Protection Fund.

Farm Transition Guide

The hardest part is getting it started!

Let this guide be step #1. Ten tips specifically for farming families to help transfer their farm as efficiently as possilbe.

Get your guide below