10 Positives Going Into 2023

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.

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

3. 2023 interest rate increases are only expected to be 0.5%

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

5. 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.

6. 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.

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

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

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

10. 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

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/