Adrienne Fung Wealth Management

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Vancouver, BC
Adrienne Fung Wealth Management

Adrienne is a CFA Charterholder and Senior Investment Advisor at Canaccord Genuity.

With over 17 years experience, her role is to help clients reach their financial goals by customizing portfolios that reflect their individual and unique values. We provide oversight and due diligence of world class managers to deliver portfolios of Institutional caliber. In reviewing money managers, we give specific attention to those Managers which incorporate sustainable investing as part of t

heir investment process. This means incorporating Environmental, Social and Corporate Governance (ESG) into investment decisions. There is increasing evidence that high quality sustainable business practices are accretive to long term shareholder returns. In this way, you can feel confident that your personal values and financial objectives are aligned. Canaccord Genuity Wealth Management is a division of Canaccord Genuity Corp., Member-Canadian Investor Protection Fund.

02/10/2024

Canada's merchandise trade balance has recorded its first monthly trade deficit since July. The country posted a $312 million trade deficit in December, Statistics Canada reported this week. This is due to a combination of the appreciation of the Canadian dollar and higher imports of pharmaceutical products from the U.S. For more market insights, contact us.

Source: https://www.bnnbloomberg.ca/strong-loonie-drug-imports-drive-canada-s-trade-deficit-1.2031985

02/03/2024

Thousands of Canadian small businesses risk bankruptcy after the government ended pandemic-era support in January. Of the 900,000 small businesses who took government support during the pandemic, a fifth have not yet repaid their loans, Finance Minister Chrystia Freeland said this week. For more market insights, contact us.

Source: https://www.reuters.com/world/americas/canada-braces-possible-wave-business-bankruptcies-2024-02-01/

01/26/2024

The Bank of Canada held its policy rate steady at 5% for a fourth consecutive meeting this week. The decision suggests the bank sees a rapidly slowing economy and believes its past rate increases are enough to beat inflation. For more market insights, contact us.

Source: https://www.bnnbloomberg.ca/bank-of-canada-holds-key-rate-at-5-signals-it-s-done-with-hikes-1.2025874

01/06/2024

A recent Oxford Economics report projects interest rates will come down in late 2024 as the country experiences a "modest recovery." However, the report also cautions that the recovery could fall below consensus projections and "worse than other advanced economies" due to high levels of household debt. For more market insights, contact us.

Source: https://www.bnnbloomberg.ca/debt-levels-mean-canada-s-recovery-could-lag-other-advanced-economies-report-1.2017586

12/29/2023

Despite economic uncertainty, airlines and travel experts seem confident when it comes to Canadians travelling by air in 2024. A recent report from the International Air Transport Association (IATA) projected an estimated 4.7 billion people globally will fly in 2024, which would exceed the previous record of 4.5 billion set in 2019. For more market insights, contact us.

Source: https://www.bnnbloomberg.ca/will-high-rates-bite-into-canadians-travel-appetite-in-2024-1.2016039

12/15/2023

Home prices across Canada are expected to climb next year, according to the 2024 Royal LePage Market Survey. Released this week, the report predicts that home prices will make incremental gains in the first half of the year. Those gains will be followed by larger price increases in the second half of the year, prompted by expected interest rate cuts from the Bank of Canada after their rate-hiking cycle. For more market insights, contact us.

Source: https://www.bnnbloomberg.ca/home-prices-will-return-to-pandemic-peak-by-end-of-2024-report-1.2011578

12/11/2023

U.S. employers increased their announced job cuts in November, led by the retail and technology sectors. The layoffs totalled 45,510, up 24% from 38,836 in October. Hiring plans also appeared to have weakened last month. For more market insights, contact us.

Source: https://www.reuters.com/markets/us/us-layoffs-jumped-november-led-by-retail-tech-report-shows-2023-12-07/

12/02/2023

The Canadian economy shrank in the 3rd quarter amid weak business and consumer spending. According to Statistics Canada's latest GDP report, the economy contracted 1.1% on an annualized basis. For more market insights, contact us.

Source: https://www.ctvnews.ca/business/canadian-economy-shrank-in-q3-but-manages-to-keep-its-head-above-recession-waters-1.6667066

11/04/2023

Statistics Canada reported this week that the Canada's GDP was flat in August. Final numbers for September are not yet available, but early indicators suggest the trend continued into the month. Overall, this hints at the possibility that the country's economy has not grown in any meaningful way since May. For more market insights, contact us.

Source: https://www.cbc.ca/news/business/canada-gdp-august-1.7013612

10/30/2023

The U.S. economy grew almost 5% in the third quarter, marking the fastest growth pace in nearly two years and defying warnings of a recession. The increase showcases the economy's strength despite the Fed's rate hikes, prompting some economists to suggest a "soft-landing" may be possible. For more market insights, contact us.

Source: https://www.reuters.com/world/us/us-economic-growth-accelerates-third-quarter-2023-10-26/

Address

609 Granville Street #2200
Vancouver, BC
V7Y1H2

Website

http://www.afungwealthmanagement.com/

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