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The Canadian National Pharmacare Act – What Employers Should Know?

Canada has taken a small step in refining healthcare accessibility with the introduction of the National Pharmacare Act. This legislation has promised to provide universal access to important prescription medications for all Canadians. The fundamental principle of the Act is a commitment to ensuring...

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Bullish Bonds

Among the many difficulties that investors faced in 2023, the unprecedented losses in the historically safe U.S. Treasuries may have been the most predictable. Bank of America named it "the greatest bond bear market of all time"[i], and yet, a plucky little investment firm in Sudbury, Ontario warned...

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A Year of Momentous Change

A Year of Momentous Change  Last year may have been one of the most trying years for clients of Innova Wealth. On an absolute basis, 2022 was the most difficult year for balanced investors since World War II, as both bonds and stocks fell sharply. The first ten months of 2023 were equally grim...

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Innova Grows

Innova Grows Written on 28 May 2023. Posted in Market Insights. We continue to experience strong growth and remain committed to providing our clients with exceptional customer service. Our mission to provide you with absolute peace of mind relies heavily on the quality of the people with which...

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Banks, Busts and Bear Markets

What a difference a day can make! SVB was the ‘cool cat’ of the financial world, focused on technology, venture capital, and entrepreneurs. Following some bad investments in long-term bonds (We tried to warn them!), they eroded their capital reserves and were in the process of raising new money to...

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Innova: 2022 Year in Review

With Covid lockdowns seemingly in the rear view, most people began the year with optimism…but 2022 had other plans. It saw what 2021 threw at us, then said ”hold my beer”. Three of the four Horsemen of the Apocalypse joined us within the first three months of 2022, War in Ukraine, Pestilence with...

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What is the tax-free First Home Savings Account (FHSA) and how does it work?

What is it? In the 2022 Budget, the federal government proposed the launch of a new registered savings account to give Canadian potential first-time homebuyers the ability to save $40,000 toward their purchase tax-free, which, given Canada’s exceedingly high real estate prices, isn’t a bad thing. This...

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Recessions & Risk

“The brains of humans contain a mechanism that is designed to give priority to bad news.”  - Daniel Kahneman There has been no shortage of scary headlines regarding the economy and the markets.  The dreaded ‘R’ word is rolling across tickers, as news pundits jostle to predict when the...

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