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Your Monthly Update on Everything Going On in Your TMFG Financial World All in One Place. Ask TMFG videos, Our Podcast, Fun and Interesting Articles, Updates, Events and More.

Announcements
A special message from the TMFG team

Virtual Fireside Chat

Join us from the comfort of your home on Thursday November 18th

Our open mic event will be live broadcast from the Thornhill GCC studio. Will feature Rob McClelland, Mike Connon, Carlo Cansino and John Iaconetti. Put us to the test, ask us the hard questions and we'll do our best to give you upfront, honest answers.

Announcements
A special message from the TMFG team

After careful deliberations, The McClelland Financial Group Scholarship Selection Committee has selected its winners for the 2021-2022 academic year. We received applications from several deserving and well-qualified students, and therefore the selection process proved to be a very difficult task.

However, two outstanding students have been selected. We are happy to announce the winners of the two 2021-2022 McClelland Financial Scholarship of $2500 have been awarded to Melissa Parlette who will be attending University of Guelph for Environmental Science and Jonathan Hughes who will be attending McMaster University for Engineering and Business Administration. Congratulations to both of our winners!

Jonathan Hughes

Announcements
A special message from the TMFG team

We are proud to announce that Rob McClelland has been named one of the Top Advisors in Canada by the Globe and Mail Report on Business Magazine Awards.

OPINION
Light Read – Editorial

Opinion

GICS – The Good, The Bad and The Ugly – COVID edition

Most Canadians are familiar with the term GIC – Guaranteed Investment Certificate. For those that are not, a GIC is a type of fixed-income investment provided by financial institutions. Typically offered in specific terms (1 – 5 years), a GIC guarantees interest payable and the return of principle at the end of the term.

Like most investments, there is an element of risk associated with GIC investing with a commensurate rate of return.

The Good –In times of market uncertainty and volatility, GIC owners can rest assured that the principle of their investment is protected. There is no concern that their initial investment amount will decrease in amount.

The Bad –Depending on the health of the economy, the interest rate environment may not be very attractive. If interest rates are low, then your investment will not earn a high rate of return.

The Ugly –The Consumer Price Index measures changes in the price level of a market basket of consumer goods and services purchased by households. This index is widely accepted as the measurement of inflation for Canada.

Why is this important? Simply put, due to inflation, the value of $1 today, will be less or will purchase less goods and services, in the future.

Since the onset of COVID-19 and the resulting pandemic, supply chain issues and increased demand for limited goods and services have contributed to a spike in inflation in Canada. As of September 2021, the annual inflation rate rose to 4.4%. You will be hard-pressed to find any GIC paying close to that. In fact, as of the date I write this, the highest 5-year GIC rate that we can provide is paying 2.35%. By investing in this GIC you are provided the following guarantees:

1. Capital preservation
2. Guaranteed interest (albeit low)
3. Inability of your money to buy the same amount of goods and services that you have grown accustomed to

Over the short-term, a guaranteed loss of future purchasing power is not a compelling reason to invest in a GIC.

Speak with your advisor to discuss investment options that provide the opportunity to outperform inflation.

Carlo Cansino FMA, FCSI, CFP Senior Financial Advisor The McClelland Financial Group of Assante Capital Management Ltd.

ROB'S READ
Medium Read – Interesting, useful and relevant finds by Rob McClelland.

Rob's Read

WHAT A LIBERAL MINORITY GOVERNMENT MIGHT MEAN FOR CANADIANS GOING FORWARD

"The 44th Canadian federal election was held on September 20, 2021 to elect members to the 44th Canadian Parliament. After two terms as governing party, the Liberal party won the election with minority status with results that were mostly unchanged from the 2019 federal election where the Liberals had also formed a minority government. With minority status, the Liberals will require support from other parties to pass their mandates. Below is a summary of the seat count won by each party. The Liberals won 159 seats, falling short of the 170 needed to form a majority government."

View Article 

Rob McClelland RFP, CFP®, HBA Vice President, Senior Financial Planner The McClelland Financial Group of Assante Capital Management Ltd.

LIFESTYLE
Light Read – Fun and Enjoyable!

Lifestyle

Photographer Spends 10 Years Capturing 48 Stunning Colors of the Moon

MyModernMet.com: "Italian primary school teacher Marcella Pace has always had a passion for astronomy. This has led her to pursue astrophotography and, over the years, she's seen her work selected by NASA as an Astronomy Photo of the Day and has been shortlisted in the prestigious Astronomy Photographer of the Year Awards. In particular, her image of 48 colorful moons has garnered her quite a bit of attention. The work pulls together 10 years' worth of imagery and is a true sight to behold."

View Photos and Article 

FUN CHARTS
Visual Delight – Interesting and Informative!

Fun Charts

The World’s Biggest Real Estate Bubbles in 2021

Ask TMFG

Watch The Latest Videos

THINK SMART
Podcast – Listen to Mike and Rob and their latest thoughts and industry insights

Think Smart

Announcements
A special message from the TMFG team

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Assante Capital Management Ltd. is a Member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada. This material is provided for general information and is subject to change without notice. Every effort has been made to compile this material from reliable sources however no warranty can be made as to its accuracy or completeness. Before acting on any of the above, please make sure to see me for individual financial advice based on your personal circumstances. Insurance products and services are provided through Assante Estate and Insurance Services Inc.

Commissions, trailing commissions, management fees and expenses, may all be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the Fund Facts and consult your Assante Advisor before investing.

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