Newsletters

In the words of the late, great, Charlie Munger, “it’s far better to buy a wonderful
company at a fair price than a fair company at a wonderful price.” In our office,
this nugget of wisdom has a great deal of bearing on many of our decisions.

As we march into 2024, the Brazier Dupuis Wealth Management team wishes you and your families health and happiness for the year ahead! Think back to January 2023 and you might recall the fatigue from coming out of a challenging year (2022) for returns across almost every asset class.

There is comfort in the passing of Labour Day, a re-engagement with routines and making new commitments for the year ahead. In the broader economy, there is also a feeling of seasonal change. At the Bank of Canada’s most recent meeting, they paused their interest rate hikes, holding the overnight rate at 5%. (For those counting, this has been a rapid rise from 0.25% a little over a year ago to today’s rate of 5.0%).

We’ve all become somewhat numb to post-COVID price increases, but the price of a watermelon recently jolted me. At 13 dollars, it felt like a substantial increase from what I traditionally paid. The Canadian central bank is also concerned about my watermelon budget as they continued their battle on inflation with a quarter-point interest rate hike last month.