Ivan's Wealth Corner, May 2023
 Isla Vancouver Wealth Management Newsletter
Ivan's Wealth Corner
Your WEALTH ADVISORS and INSURANCE SPECIALISTS
Hello Valued Subscriber,

In this Issue:
 
Feature:
~ Bank of Canada's Macklem says inflation coming down despite April gain ~

Other Stories:
~
Canadians unsatisfied with DYI investing options: Survey ~
~ Canada added 41,000 jobs in April, almost all part-time work ~
~ Cyber Security Tips from the Government of Canada~
 
Feature:
Bank of Canada's Macklem says inflation coming down despite April gain 

    Bank of Canada Governor Tiff Macklem suggested April's inflation increase - the first in 10 months - was an anomaly and said consumer prices would continue to come down, prompting markets to pare expectations for another hike.

Before Macklem spoke, money markets had seen an 80% chance for a hike in July. After, that dropped to 60%.        

     

  To view the full article from Reuters click here. Please contact us, we look forward to continuing to work with you to achieve your goals.

Other Stories:

Canadians unsatisfied with DIY investing options: Survey
Despite a rise in do-it-yourself investing, most Canadian investors appear to be unsatisfied with the options in the market.
According to J.D. Power’s 2023 Self-Directed Investor Satisfaction Study, overall satisfaction with DIY investing options in Canada came in at an average of 598 out of 1,000 points, with three of the eight companies scoring above that average. While that overall score was a five point increase from last year, the study found that “the experience is a drag on customer loyalty and advocacy for most brands.”


CLICK HERE to read the article from Yahoo . Please contact us for additional resources.










Canada added 41,000 jobs in April, almost all part-time work
Canada's economy added 41,000 new jobs in April, mostly part-time work.
Statistics Canada reported Friday that the jobless rate held steady in the month at five per cent.
Ontario added 33,000 new jobs, while Prince Edward Island added 2,200. Manitoba lost 4,000 jobs, and everywhere else, the job market was little changed.
Almost all the new jobs were part-time, with 47,000 new positions. Full-time work, meanwhile, shrank by 6,200, and self-employment was flat.
Among those who worked only part-time during the month, almost one in six say they would have preferred full-time work but couldn't find it.


To view the complete article from CBC News  CLICK HERE and please contact us with any questions.






 Cyber Security Tips from the Government of Canada 

Get Cyber Safe is a national public awareness campaign created to inform Canadians about cyber security and the simple steps they can take to protect themselves online.
To view the fun interactive resources from the Government of Canada click here. If you have any questions please be sure to contact us.



 
Get your Personalized Insurance Quotation

Curious how much it would cost to purchase a life insurance policy?  CLICK HERE to provide you with a quick and basic quote.

Comparisons and quotes are intended for guidance and educational purposes only.  For more information, contact the office @ 250-585-0377 or contact us.


Did You Know...
At Isla Vancouver Wealth Management we implement a process with a comprehensive approach, offering a balance of customized service, financial planning, investment opportunities and risk management.

Helping all our clients to manage their financial matters during each stage of their life and help them reach their personal financial goals in the most tax-efficient and cost-effective way is what we do, CLICK HERE to book an appointment.

Please subscribe to our Youtube channel.
CLICK HERE to watch our newest video and please feel free to share with your friends and family! Plus don't forget to subscribe to our channel.



Financial Term of the month

Credit Score

Your credit score is a three-digit number that comes from the information in your credit report. It shows how well you manage credit and how risky it would be for a lender to lend you money. Your credit score is calculated using a formula based on your credit report. Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.
Have you tried our Life Insurance Estimator?
Our handy calculating tool can quickly provide the amount of life insurance coverage you may need in addition to the existing coverage you are included under.(Note: As the name indicates this is an estimation and should not be assumed to be an analysis).
CLICK HERE for your estimation. Be sure to contact us to review your insurance needs. 
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Mortgage Rates - May 17th 

Through our strategic partnerships, we can help you find the best mortgage rates and make the process as simple as possible for you. 

*Rates are subject to qualification guidelines and are subject to change without notice
1 year fixed: 5.99%
2 year fixed: 5.39%
3 year fixed: 4.84%
4 year fixed: 4.64%
5 year fixed: 4.49%
5 year variable: 5.75% (prime minus 0.95%)

 
 
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 CLICK HERE to contact us.

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Check out our Instagram Page CLICK HERE and Facebook Page CLICK HERE or look for us under the name Irvine Financial. 







Ivan Vazquez, MBA, CFP
Financial Planner
250.585.0377
Click to Email Ivan!
www.ivanwealth.com
  Yours truly,
   Your Isla Vancouver Wealth Management Team
Isla Vancouver Wealth Management.
Worldsource Financial Management Inc.
Ph: 250-585-0377 Fax: 250-585-0378
Email here

www,ivanwealth.com

4553 Uplands Drive
Nanaimo, BC, V9T 6M8


     
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Mutual Funds and Segregated Funds provided by the Fund Companies are offered through Worldsource Financial Management Inc.
Other Products and Services are offered through Irvine Financial (2021) Inc. DBA Isla Vancouver Wealth Management
The information provided is general in nature and is provided with the understanding that it may not be relied upon as, nor considered to be, the rendering of tax, legal, accounting, or professional advice. Readers should consult their own subject matter experts for advice on the specific circumstances before taking any action. The opinions expressed are those of the owners and writers only. Commissions, trailing commissions, management fees, and expenses may all be associated with mutual fund investments. Mutual funds are not guaranteed, their values frequently change and past performance may not be repeated. Please read your funds simplified prospectus before investing. Mortgage services are available through a referral arrangement. Worldsource Financial Management Inc. does not supervise and assumes no liability for mortgage business activity.