Market strategists split on ‘buying opportunity’ after post-Thanksgiving selloff

The Dow Jones Industrial Average’s (^DJI) worst daily plunge of the year sparked a split among market strategists on whether Friday was a good buying opportunity. 

The index closed down more than 900 points, while the broader S&P 500 (^GSPC) average declined 2.27{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Energy, financials and industrial stocks led the markets lower amid concerns of a new COVID variant first detected in southern Africa. 

“To the extent this is not as big as Delta was ultimately, then I think maybe it’s a little bit of a buying opportunity,” Simeon Hyman, ProShares Global Investment Strategist told Yahoo Finance Live on Friday. “All the economic data of the last month or so was really, really strong—I mean, an all-time high ISM Services… Manufacturing was also high. And retail sales was up 1.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.”

The Down Jones Industrial Index year-to-date. Friday's selloff was they year's largest single-day drop despite a holiday-shortened session. (Yahoo Finance)

The Down Jones Industrial Index year-to-date. Friday’s selloff was they year’s largest single-day drop despite a holiday-shortened session. (Yahoo Finance)

Other strategists are sounding off warning signs of trouble ahead. 

“I don’t see it as a buying opportunity. I see this as the first leg of a multistep downward move in the S&P “, Ed Budowsky, a Chapwood Investments managing partner, told Yahoo Finance Live (video above). “This new variant is an excuse to sell off the market, because the market is so overpriced.”

Chapwood added that the market “has been 31{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} overvalued for a number of months. It’s definitely going to be a downward move going into 2022. … You just can not support and justify for a long period of time, this kind of valuation.” said the strategist.

The Dow Jones Industrial average declined more than 1,000 points at one point during Friday’s shortened trading session.

MEXICO CITY, MEXICO - NOVEMBER 25: Actor Rubén Cerda as 'Santa Claus', and Grinch behind performing during lighting of the Christmas tree in Xochimilco, on November 25, 2021 in Xochimilco, Mexico. (Photo by Medios y Media/Getty Images)

Actor Rubén Cerda as ‘Santa Claus’, and Grinch behind performing during lighting of the Christmas tree in Xochimilco, on November 25, 2021 in Xochimilco, Mexico. (Photo by Medios y Media/Getty Images)

Travel-related stocks were among the sectors that slid on Friday over concerns of renewed lockdowns and tighter restrictions. Stay-at-home trades, meanwhile, rebounded: Video calling software-maker Zoom (ZM) was up more than 7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. At-home-fitness company Peloton Interactive (PTON) gained more than 5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the shortened trading session. 

“I think it’s a reaction to the uncertainty,” BNP Paribas Asset Management Chief Market Strategist and Co-Head Investment Insights Centre Daniel Morris said on Yahoo Finance Live, later adding: “We clearly are going into the winter and it does seem, at this point, anticipating the potential problems as opposed to waiting to see if they’re confirmed.”

Vaccine maker Pfizer (PFE) hit an all-time-high on Friday after a Citi analyst highlighted the company is capable of producing a variant shot in 100 days.

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Tricor Group Completes Acquisition of NZGT Holding Company Limited, A Leading Corporate Trustee and Fund Supervisor in New Zealand with NZ$250 Billion in Funds under Supervision

HONG KONG & SINGAPORE & AUCKLAND, New Zealand, November 29, 2021–(BUSINESS WIRE)–Tricor Group (Tricor), Asia’s leading business expansion specialist, has received regulatory approval and completed its acquisition of NZGT Holding Company Limited (NZGT Holdings) together with its wholly owned subsidiaries The New Zealand Guardian Trust Company Limited (Guardian Trust) and Covenant Trustee Services Limited (Covenant) from Complectus Limited on November 25, 2021.

Tricor is the largest pure-play corporate services platform in Asia Pacific, serving over 50,000 client entities across its 21-market footprint. A positive move for Guardian Trust and Covenant, this acquisition will see the group and its New Zealand clients benefit from Tricor’s significant financial backing and global best practices.

Guardian Trust and Covenant are the leading providers of corporate supervisory services with over NZ$250 billion in funds under supervision. Guardian Trust has operated in New Zealand for over 125 years. Guardian Trust and Covenant will continue to grow its team and capabilities through further investment by Tricor Group. Day to day operations remain unchanged.

Tricor’s Global Corporate Trust business will operate and serve clients across five global markets including Hong Kong SAR, Beijing, Singapore, the UK and New Zealand.

Lennard Yong, Tricor Group CEO, said: “I am pleased to welcome Guardian Trust and Covenant to Tricor Group. This acquisition broadens our footprint in ANZ and places Tricor in an enhanced position to better serve our clients. The addition of Guardian Trust and Covenant significantly strengthens Tricor’s global corporate trust practice with market-leading and differentiated trust solutions in New Zealand and across Australasia and Asia-Pacific. We are very grateful for the approval to be stewards of these two leading institutions. Our goal is to support the management team led by Harry Koprivcic and to grow these businesses within their respective markets and to add to our regional corporate trust platform in Asia Pacific.”

David Naphtali and Jonathan Hatch, Co-Managing Directors of Madison Pacific, A Tricor Company, leading the integration of Guardian Trust and Covenant into the Tricor Corporate Trust Business Division, said: “We look forward to working with the fantastic team to bolster the corporate trust solutions we can provide our corporate clients across Asia Pacific and the UK.”

Harry Koprivcic, CEO of NZGT Holdings, said: “As a leading corporate trustee in New Zealand, we are starting a new chapter by becoming part of a large global entity. Enhanced by the capabilities of Tricor, we will continue to deliver exceptional corporate solutions to our clients.”

About Tricor Group

Tricor Group (Tricor) is Asia’s leading business expansion specialist, with global knowledge and local expertise in business, corporate, investor, human resources & payroll, corporate trust & debt services, and governance advisory. Tricor provides the building blocks for clients’ business growth, from incorporation to IPO. Tricor has had a rapid expansion through organic growth and development as well as partnerships, mergers and acquisitions. The Group today has ~50,000 clients globally (including ~20,000 clients in Mainland China), a staff strength of over 2,800 and a network of offices in 47 cities across 21 countries / territories. Our client portfolio includes over 2,000 listed companies in Hong Kong SAR, Mainland China, Singapore and Malaysia, and more than 40{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the Fortune Global 500 companies, as well as a significant share of multinationals and private enterprises operating across international markets.

Visit: www.tricorglobal.com

About Complectus

Complectus was established in 2014 and is the dominant and most innovative fiduciary services group in the New Zealand market.

About Guardian Trust and Covenant

Guardian Trust and Covenant have a market-leading position and are experienced in all aspects of corporate trust work. They are leading providers of corporate trustee services to the New Zealand market. Guardian Trust has been recognized by KangaNews as the leading provider of trustee services by being awarded the New Zealand Trustee of the Year for four years running.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211128005198/en/

Contacts

HONG KONG SAR (GROUP OFFICE)
Sunshine Farzan
Tricor Services Limited
Group Head of Marketing & Communications
Tel: +852 2980 1261
Email: Sunshine.Farzan@hk.tricorglobal.com

NEW ZEALAND
Laura Air
Alexander PR
Group Account Director
Tel: +64 21 259 3242
Email: laura@alexanderpr.co.nz

Analysis: EU adds more pieces to its ‘elusive’ capital market jigsaw

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 9, 2020. REUTERS/Staff/File Photo

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LONDON, Nov 25 (Reuters) – The European Union has moved a step closer to its vision of creating a single capital market across the bloc, a slow moving process but one that is chipping further away at Britain’s status as Europe’s investment banker.

The bloc first began an ambitious – but tortuous – process of ultimately creating a single EU securities market in 2015.

Creating a single market should make it easier for companies to issue and bonds and shares, enabling them to spread risk and be less reliant on just bank loans for funding – the risks of which were highlighted during the euro zone crisis.

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On Thursday, the EU set out proposals to introduce a single ‘consolidated’ set of prices for stocks and bonds listed across the EU and a single portal for corporate information – akin to Wall Street’s Edgar system – analysts say the vision will gain more traction. read more

“Those two for me are key to setting up the whole CMU (capital markets union) effort and when that’s in place you will see a real push to further it. Onwards and upwards,” said Mairead McGuinness, the EU’s financial services chief.

The initial plans for a capital markets union were set out in 2015 by McGuinness’ then British predecessor Jonathan Hill to much fanfare, promising the building blocs would be in place by 2019.

Follow-up measures two years later raised expectations further, but an EU official acknowledged that there remains a perception that CMU is an ‘elusive’ goal.

“Perhaps the mistake of the original version of capital markets union was that it gave the impression that CMU was a legislative project that could be ‘completed’ by passing lots of new regulations,” said William Wright, head of New Financial, a London-based think tank that does research on European capital markets.

“The current version may look less ambitious but is taking a more practical and tangible approach,” Wright said.

The EU capital market is still little more than a quarter as deep as that of the United States, relative to GDP, with Britain’s twice as deep as the bloc, according to New Financial figures.

Sander Schol, a former banker who is head of EU public affairs at consultants Hanbury Strategy, said the less controversial CMU measures have been approved previously and Brussels’ latest proposals tackle more difficult issues, though rules on even tougher issues that are crucial, such as harmonising insolvency rules, are still missing.

This time round the EU executive, the European Commission, has proposed thornier steps for knitting together national markets by creating an EU tape or record of stock and bond trades by 2024, a step exchanges will lobby hard to water down.

A single EU point of access for information on listed companies to mirror the ‘Edgar’ filings system on Wall Street, is also proposed.

But far tougher reforms like harmonising settlement, taxes on investments and accounting will need tackling to create a truly seamless EU securities market like in the United States, Schol and others said.

“Market participants have asked for harmonisation of settlement and insolvency laws but member states don’t want to change insolvency rules, for example, because if you start tinkering with those then you have to change the legal foundations of each country,” Schol said.

STRATEGIC AUTONOMY

Brexit, the recovery from COVID-19 and the need for massive investments to tackle climate change have added a sense of urgency to CMU that was missing six years ago as Brussels seeks to build “strategic autonomy” in sectors like finance.

Britain’s exit has shown Brussels that the bloc’s markets can largely stand on their own feet after billions of euros in daily trading of shares, interest rate swaps and EU emissions allowances left London for Amsterdam without market disruption.

Previously a relatively small financial centre, the Dutch capital became Europe’s biggest share trading centre immediately after Brexit, although London is now roughly neck and neck. Amsterdam has also attracted 22 public floats and private placements so far this year, raising 10.7 billion euros ($11.99 billion).

There have been 108 floats on the London Stock Exchange which raised 16.1 billion pounds ($21.47 billion), though London is aware of how it trails New York, which has raised $128 billion this year.

London is expected to remain Europe’s top financial centre in coming years and the EU still relies on London for clearing interest rate swap trades worth trillions of euros, but here too Brussels is determined to reduce reliance over coming years.

“One way to think about CMU is as a multi-decade process of laying the important foundations over five to 10 years and then building on them over the next 10 to 20 years: the United States has a 150-year head start and still doesn’t have a full ‘CMU’,” Wright said.

In reality, CMU was never going to happen overnight and remains a work in progress, said McGuinness, already flagging her next batch of measures due next year to include simplifying listing rules, making cross-border payments more efficient, and finally seeking to harmonise aspects of insolvency laws.

New Financial Global CMU Graphic

($1 = 0.8928 euros)

($1 = 0.7497 pounds)

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Reporting by Huw Jones; Editing by Susan Fenton

Our Standards: The Thomson Reuters Trust Principles.

A Q&A with 3 longtime Lancaster County small business owners | Local News

Steve Evans describes his business as one that just keeps getting sweeter. 

Since taking the helm of Evans Candy from his parents in 1995, Evans says the business that cranks out a variety of treats off Willow Street Pike south of Lancaster has seen steady year-over-year growth to the point where it’s now quadrupled.

Corporate clients have a lot to do with that. Evans started expanding that part of the business in the early 2000s. His parents – who started making chocolate at home when Evans was young – might get the occasional order from companies buying 30 or 40 boxes for employees. Now companies are ordering in the hundreds for both employees and customers.

“That has been helped by technology. We can do more personalization … (and options that) we can offer businesses either on the chocolate or on the box,” Evans says. “So that has a lot of appeal.”

The Easter rush on the other hand is almost entirely individuals looking to fill some baskets. 

“Almond bark is huge. Chocolate covered pretzels are huge,” he says. Add all the peanut butter-and-chocolate combinations and those are the top seller, he says, but adds that caramel combinations as a group would be a close second.

The workforce shifts a bit with the season but 12 is a typical number, he says.

“It would be a joy to see it remain in the family. We’re working in that direction, though it’s not always foreseeable – all the ins and outs and twists and turns that come along,” Evans says. “I have four of my own children and we have a number of other family involved in the business. I can certainly see it continuing and I would be hopeful for that.”

Here’s how Evans fielded our questions for the longtimers. 

Anything about the pandemic that made it feel like Evans Candy was a new business again? Supply chain comes to mind. You can’t always count on products … so when it’s there, you buy more and figure out ways to store it … And when something’s not there week after week? You’ve got to come up with an alternative …. We’ve been able to navigate the challenges very well. But they’re there. 

Trickiest year for the business pre-pandemic? That’s one of the joys of this business. It comes with a fair amount of predictability, actually. But … as the business grew, I needed somebody to help me oversee production and to have enough skill sets to handle all the different products that we make. Finding the person to fit that role – that would have been one of the bigger challenges. But we have that now. 

Adjective that best describes the climate for small businesses in Lancaster County? Strong. We have enjoyed a really good resurgence of people buying local. They’ll come in and tell us, “We love your product but we’re also really happy to be here to support local. We’re your friends. We’re your neighbors. We’re part of your church. We’re part of the circle of people that you know.” I think that’s one of the beneficial side effects of the pandemic. It kind of brought about a better awareness of all the little shops that are actually close by. When you’re in the business of life and flying from point A to point B, and back to work, and the kids are having school activities, you don’t always stop and look at what’s around you…. And I think by having this slowed-down time, people did take the time to notice. Just a theory. 

Moment you knew you made the right move taking the business? Within the first year or two really. I’d been working with chocolate since I was 4. So that wasn’t too much of a change. The logistics of the business were an adjustment. … But my dad was there to help guide me through. He was great. He told me, “I’m not going to look over your shoulder. You’re calling the shots. I’ll give you advice and my thoughts but I’m not going to question your decisions.”

Best piece of advice for new businesses? Be willing to roll up those sleeves and do what it takes. Get very hands-on with it. There are a lot of long hours. In time, that can pay off. But it’s not going to be glorious at first.

Elizabethtown Sporting Goods

The next time you’re at the kid’s ballgame have a look at the uniforms out on the field. There’s a chance someone with Elizabethtown Sporting Goods put the team logos on those.

ESG has been around for 45-plus years, says Mitch Gibson, whose family bought into the business as owners around 2001. ESG sells customized corporate apparel, organizational clothing, and sports equipment and uniforms. 

Customer or team logos are added to attire via ESG’s three embroidery machines, one automatic screen printing press and two manual presses. Hunting down the right items to put into those machines has lately been a challenge given current supply chain problems.

“I do all the ordering. It used to take me maybe an hour a day. Now it’s about three hours,” Gibson says. “Luckily, we have lots of vendors that we can pull from.” 

Gibson’s business is reliant on a textile industry that in recent decades moved much of its remaining domestic production from the southern United States to plants overseas. 

“Nothing’s made in the U.S. anymore. If it’s coming from Central America, we’re seeing that stock get replenished a little quicker,” he says. “But if it’s coming from China, like hats? This summer it was almost impossible to find hats in certain colors.” 

Gibson says he just keeps looking. 

“Our thing is to be transparent and just make it a good customer atmosphere so that you feel like we care,” he says. “Because we do.” 

Anything about the pandemic that made it feel like you were a new business again? I would say yes. We had to streamline some processes and really reevaluate just how to do business with customers not being able to come in. Thank goodness for the restaurants and landscaping industry because the sports side of it was nonexistent. … A lot of the restaurants wanted to sell shirts because customers were trying to help them out, which helped us as well. …  (That seems to be continuing.) I just did an order for a Manheim restaurant where they’ve been selling lots of shirts. There are two or three down in Lancaster that just ordered a few hundred. They’re in about every three or four months. It can’t all be for their staff. … The sports numbers aren’t back to where they were pre-pandemic. Little Leagues? We do quite a few. I would say their numbers are probably down 10{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} or 20{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} at least. It’s just one of those things. We’ll print whatever you need. But they’re seeing it on their end, too. Certain families are not comfortable with whatever their choice is. Or kids aren’t interested. I don’t know. 

Trickiest year for the business pre-pandemic? I’d probably say 2019. We had a quarter-owner that decided to go out on his own. 

Moment you knew you made the right move getting into this business? Probably since my son has been born. The flexibility this offers has been great. … He’s 7. He tried some soccer and he wants to do football next year so it looks like I will be coaching that. We’ll see how that goes. 

Adjective that best describes the climate for small businesses in Lancaster County? Competitive. That’s not just in this business but in general. I’ve seen a lot of competing businesses. It just seems like if ever somebody’s not holding their end up to the customers, you can usually find somebody else to meet your needs. 

Best piece of advice for new businesses? Plan.

Russell Locksmith-Safesmith

Doug Russell was once a kid who loved magic. 

“I did stage magic right up into college. I was into Houdini and lock boxes and strait jackets and all that crazy stuff,” he says. “Then I went to college to be a surgeon.”

After a year he realized he hated college and got a job with a locksmith. 

“My poor parents. I’m not sure my mother ever got over it but my father did,” says Russell, who is now 69. “He got to see his name … on a business. He was very proud of me.” 

That business is Russell Locksmith–Safesmith on Queen Street in Lancaster. Russell opened his company in the mid-’80s after moving into digs where another locksmith had been. 

Among his more glamourous jobs are vault doors – which are what tend to make it onto the business’s Facebook page. Russell says he’s glad he’s had a chance to delve in that business seeing how banks more typically contract with a large national company. 

Master locks for landlords are a big part of his business. So are walk-in customers looking for one or two keys. It seems to Russell some people have made a hobby of losing their keys.

He has no interest in getting involved in electronic car fobs. Another locksmith in town is skilled at those, he says. That’s Bill Neff, who Russell says was in Boy Scouts with him back in the day. 

Russell says he recently made a major investment in equipment that will help him and his staff with locks for which numbers must be keyed in. 

The kind you turn are the ones for which Russell appears to have a particular knack. That comes, he says, from realizing that each lock has its own personality – and also from spending hundreds of hours sitting in front of ones he never got open. 

“You can’t teach experience,” Russell says. “You’ve got to be out there working to get better.” 

Anything about the pandemic that made it feel like you were a new business again? Not really. We did close the shop for a couple months but we do a lot of work for … (a) hospital and all of their facilities. So we were still doing that and some business for real estate. It wasn’t as bad for us as it was for a lot of others. Like the restaurants. I felt so badly for them … We were blessed that we pulled through. It wasn’t like we were making 100{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of what we normally do but it was enough. 

Trickiest year for the business pre-pandemic? I bought the shop in 1985 from … (a locksmith) who had a couple key machines. Nothing great but enough to get me going initially. In the beginning, I was selling soda and candy and anything to make a buck for the family. And of course, it was only me. So anytime I had a service call I’d have to lock the shop up. So the first years were hard. But I was much younger and had the energy to expend … Now there are three of us working here. We’ve been together, oh, probably 25 years … . I often hear all these stories about employees and scheduling problems and I’m glad I don’t have to worry about that. I’ve got the best guys and we just work well together. 

Moment you knew you made the right move opening the business? I just basically always had the God-given talent to figure this stuff out. 

Adjective that best describes the climate for small businesses in Lancaster County? Difficult. If you’re in the trades you can always find work. … But I can’t imagine what it’s like for anyone who can’t go out and do service calls and not worry so much about what’s happening in the shop. 

Best piece of advice for new businesses? Love what you do and work hard at it.

Canadians’ Confidence up Seven Points From 2020

  • End of year Index stands at 57, compared to 50 in 2020

  • Women still lag men but appear to be turning the corner

  • Western recovery- Alberta and BC make significant gains

WINNIPEG, MB, Nov. 26, 2021 /CNW/ – According to the 2021 edition of the IG Financial Confidence Index (“the Index”), Canadians’ confidence is on the rise as the country gradually emerges from the COVID-19 pandemic. However, while people are feeling better about their current financial situation, there is apprehension about their future and concerns about where the country could be headed in the year ahead.

IG Wealth Management Logo (CNW Group/IG Wealth Management)

IG Wealth Management Logo (CNW Group/IG Wealth Management)

The Index, commissioned by IG Wealth Management (“IG”) and conducted in partnership with Ipsos Canada, tracks and reports on Canadians’ overall financial confidence through ten survey questions, which account for short-term and long-term financial considerations. The study found that Canadians’ overall financial confidence at the end of the year stands at 57. This represents a 14 per cent increase over the same period in 2020 (50) and is up 3 points since mid-2021. Key findings include:

  • Fifty-six percent of respondents reported being comfortable making a major purchase (versus 50 per cent in the mid-year study).

  • Almost 60 per cent are feeling good about the economic conditions in their community (versus 47 per cent mid-year).

  • Sixty per cent stated that their personal income increased in the last few months.

However, despite this positive perception of their current financial situation, Canadians coast-to-coast reported being concerned about the year ahead:

  • Just a quarter of respondents are feeling confident that the Canadian economy will improve and only 22 per cent feel the stock market will build on 2021 gains.

  • Similarly, only 14 per cent believe inflation will abate in 2022 and 12 per cent think housing affordability will get better.

“It’s great news that Canadians are feeling a renewed sense of confidence as we close the year,” said Damon Murchison, President & CEO, IG Wealth Management. “People are more secure as the economy starts to fully re-open, Covid-19 cases decline and we return to a certain degree of normalcy.”

Mr. Murchison continued, “However, we’re also seeing apprehension about the future. Inflation and housing affordability are real concerns for many. It’s a perfect time to work with an advisor to either revisit or create a holistic financial plan that not only addresses the present, but also helps ensure you’re well insulated for what could come.” According to the study, 80 per cent of Canadians who consulted with a financial planning professional over the last year expressed confidence in their short- and long-term financial situations (versus less than 60 per cent who did not).

Signs of a “She-Covery” and Western Canada Rebound?

The study revealed some optimistic findings among women and those in the West (Alberta and BC):

  • While women continue to lag men in financial confidence (54 versus 59), their Index number is up 3 points versus the mid-year finding.

  • The provinces of Alberta and BC are up significantly since Spring 2021 (5 points), reporting the biggest gains among the provinces.

“There’s no question that women were hit disproportionately hard by the pandemic- both in terms of their participation in the workforce and the extra pressures they’ve faced versus men when it comes to taking care of children and elderly family members,” noted Mr. Murchison. “This is especially true among lower income and racialized women. While we still have a long way to go, it’s encouraging that the Index seems to be showing a positive trend.”

Mr. Murchison closed by noting that the rebound in Western confidence can largely be attributed to a decrease and stabilization of reported Covid-19 cases and an increase in energy prices. “Over the last three years we’ve seen Alberta in particular lag other regions. Albertans seem to be rebounding, which is great news.”

The IG Financial Confidence Index is part of IG Wealth Management’s community program, IG Empower Your Tomorrow, launched in 2018. The program is dedicated to building the financial confidence of Canadians, especially those that need it most including: Indigenous Peoples, Newcomers, Seniors and Youth. Working with community partners and charities along with employees and clients, IG Wealth Management develops and executes seminars and workshops focused on increasing the financial confidence of these key groups, including the award-winning Money & Youth program which for more than 20 years has been helping high school students, teachers and parents with financial literacy.

Visit IG Empower Your Tomorrow to learn more about the various initiatives IG Wealth Management currently supports.

About IG Wealth Management
Founded in 1926, IG Wealth Management is a national leader in delivering personalized financial solutions to Canadians through a network of advisors located across Canada. In addition to an exclusive family of mutual funds and other investment vehicles, IG offers a wide range of other financial services. IG Wealth Management has $116.5 billion in assets under advisement as of October 31, 2021 and is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada’s leading diversified wealth and asset management companies with approximately $271 billion in total assets under management and advisement as of October 31, 2021.

About the IG Financial Confidence Index
The 2021 results presented in this summary report are from an Ipsos survey conducted online from October 8th to October 14th, 2021. A total sample of 2,601 respondents from across Canada participated in the survey. Weighting was applied to the total sample by age, gender, region and education level to ensure that the composition of the final sample is representative of Canada’s adult population according to the latest census data from Statistics Canada. Since an online sample is not considered probabilistic, Ipsos does not apply a margin of error to this survey. The precision of non-probabilistic Ipsos surveys is measured using a credibility interval. The credibility interval for a survey of 2,601 respondents is ±2.3 percentage points, 19 times out of 20. The credibility interval will be wider among subsets of the population.

SOURCE IG Wealth Management

Cision

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2021/26/c5715.html

Black Friday Deal On Web Hosting: HostGator

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  • SurfShark plans start at $2.21 / month for 24 months. Plus, get an additional three months for free. View Details
  • Proton plans are up to 50 percent off, starting at $4 / month for 12 months. View Details
  • ExpressVPN plans start at $8.32 / month for 12 months. Plus, get an additional three months for free. View Details
  • AtlasVPN plans start at $1.39 / month for 36 months, plus get three additional months for free. View Details

Bookkeeping Software

  • Get 70 percent off your first three months of Quickbooks, with plans starting at $4.80 / month. View Details
  • Get 60 percent off your first six months of Freshbooks with plans starting at $6.00 / month. View Details

VoIP

  • Get a free phone when you sign up for Ooma. Options vary depending on contract term. View Details
  • Sign up for Nextiva and get a free phone, plus up to 25 percent off. Plans start at $18.95 / month. View Details

For more Black Friday deals, visit Forbes Advisor SMB.

Frequently Asked Questions (FAQs)

How much does web hosting cost?

The cost of your hosting service will depend on the provider you choose and whatever service plan you pick. Shared hosting plans with limited bandwidth and storage tend to be cheaper, while the more expensive plans tend to provide dedicated servers on top-shelf hardware with priority customer support.

What does server uptime mean?

Server uptime refers to the amount of time that a server is fully functional and connected to the internet. If the server malfunctions in some way and shuts down, that means that the websites on the server cannot be accessed.

Naturally, most customers want to make sure that their sites are accessible as much as possible, so many web hosting providers guarantee a certain amount of uptime in their service plans. Many providers guarantee at least 99{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} uptime, or else customers get some kind of compensation for their trouble.

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