21 Feb 2020

In Memoriam – Albert D. Smith

Albert D. Smith

1934 – 2020

It is with a very heavy heart that The Steele Group Financial announces the passing of a founding partner, Albert Smith, who passed on February 7, 2020 in Kitchener, Ontario at the age of 86.

Known simply as Al to family and friends, he was a role model to many over the years being both a teacher and mentor to members in the firm. Always a gentleman, he had time for others and was ready with kindness and gentle ways.

Al spent his early years as a poultry geneticist working in Port Perry and then Kitchener. In 1982, he switched careers and joined Mutual Life of Canada, later becoming Clarica and ultimately Sun Life Financial. Al spent nearly a decade in private practice looking after clients and their families. In 1991, Al became a member of the management team at the Kitchener Financial Centre where he practiced his passion for teaching others as the Training Manager. From 1997 through to his retirement in 2003, Al returned to private practice and became a founding partner of The Steele Group Financial and Workplace Services Inc. in 2000. In this capacity, he was instrumental in establishing the ethics and practices the firm follows to this day.

Al was ever the philanthropist, being very much involved in his church and a variety of charitable activities. Al will be deeply missed by not only family and friends, but by all the clients he served over the years and by anyone who had the opportunity to get to know him.

Always the patient teacher

The Steele Group Financial and Workplace Services Inc.

30 Jan 2020

The Steele Group’s Q4 2019 E-Newsletter

Brexit paralysis and the U.S./China trade war have dragged on the global economy for months. Remarkably, we saw at least a partial resolution of both in the final days of 2019, when British voters said goodbye to Europe and the first phase of a potential deal to end the tariff battle with China was reached. And while investors were digesting those events, the U.S. House of Representatives quietly ratified the USMCA – a trade pact critical to Canada’s economic growth.

Full story at thesteelegroup.ca

23 Oct 2019

The Steele Group’s Q3 2019 E-Newsletter

Managing through uncertainty is what we do and Q3 of 2019 has proven rife with unpredictability. But this is to be expected in an environment of experimental monetary policy, negative yields/low discount rates, elevated debt levels, inverted yield curves, trade wars, and slowing global economic growth.

Full story at thesteelegroup.ca

03 Jul 2019

The Steele Group’s Q2 2019 E-Newsletter

Coming off a very strong start to the year in the first quarter, global capital markets
continued to chart a generally positive course through the second quarter of 2019. Although ongoing trade disputes unsettled investors for much of the period, equity markets around the globe moved higher, while bond prices also climbed as central banks maintained an easy monetary policy stance.

Full story at thesteelegroup.ca

04 Jun 2019

The Steele Group’s Q1 2019 E-Newsletter

Global capital markets reversed course after a notably difficult end to 2018, rebounding strongly to post mainly positive results for the first quarter of 2019. Equity markets appeared to be lifted by the prospect of easier monetary policy, while bond markets benefited from economic data showing slowing global growth.

Full story at thesteelegroup.ca

16 Jan 2019

The Steele Group’s Q4 2018 E-Newsletter

After an unusually calm year of solid performance for capital markets in 2017, investors experienced a much bumpier ride in 2018. Downward volatility resurfaced in the first quarter, and though markets moved generally higher through the summer months, a sharp sell-off in the fourth quarter meant that most asset classes registered negative returns for the year.

Full story at thesteelegroup.ca

11 Jan 2019

The Steele Group’s 2019 Market Update

Following over two years of straight up growth, the markets have now returned to more normal periods of volatility. While these are a regular and expected part of market activity, it’s never a good feeling to experience.

Full story at thesteelegroup.ca

19 Oct 2018

The Steele Group’s Q3 2018 E-Newsletter

During a period characterized largely by trade uncertainty, global asset markets delivered mixed results for the third quarter of 2018, with the U.S. equity market reaching new highs and outpacing many of its global counterparts.

Full story at thesteelegroup.ca

01 May 2018

The Steele Group’s Q1 2018 E-Newsletter

Global capital markets experienced marked turbulence for the first time in more than a year in the first quarter of 2018. What follows is a brief summary of how some of the major markets and asset classes performed during the period.

Full story at thesteelegroup.ca

22 Jan 2018

The Steele Group’s Q4 2017 E-Newsletter

Q1 Graphic (146 x 70)Most global equity markets registered healthy results in the fourth quarter of 2017, capping off a strong showing for the year as they responded to encouraging economic data, low interest rates, tepid inflation and expanding corporate activity.

Full story at thesteelegroup.ca

11 Oct 2017

The Steele Group’s Q3 2017 E-Newsletter

Q1 Graphic (146 x 70)Many global asset markets continued to deliver encouraging results during the third quarter of 2017, supported by a backdrop of synchronized global growth, solid corporate earnings and historically low interest rates.

Full story at thesteelegroup.ca

18 Jul 2017

The Steele Group’s Q2 2017 E-Newsletter

Q1 Graphic (146 x 70)Most capital market indexes around the world registered impressive gains early in the second quarter before moderating in June, reflecting steady global economic growth and supportive business conditions.

Full story at thesteelegroup.ca

17 Apr 2017

The Steele Group’s Q1 2017 E-Newsletter

Q1 Graphic (146 x 70)The first welcome signs of spring are arriving and we can start looking forward to summer. In reviewing the first quarter of 2017, financial markets in Canada and around the world continued to be lifted by positive momentum, based on the expectation of continued economic growth, low interest rates, and moderately rising inflation.

Full story at thesteelegroup.ca

13 Apr 2016

The Steele Group’s Q1 2016 E-Newsletter

Q1 Graphic (146 x 70)Capital markets were unsettled in the first quarter of 2016, with stocks exhibiting heightened volatility and selling off through January and February before recovering in March. While markets were initially affected by the familiar themes of slow global growth, low commodity prices and uncertainty over monetary policy, investors appeared to gain confidence as the quarter progressed.

Full story at thesteelegroup.ca

15 Jan 2016

The Steele Group’s Q4 2015 E-Newsletter

The Steele Group’s Q4 E-Newsletter: As we enter a new year, global capital markets have been volatile, continuing the challenging conditions that characterized much of last year. Although the global economy is still slowly growing, many bond and equity markets are being affected by a combination of factors, including several sharp sell-offs in the Chinese stock market, sinking commodity prices, soft economic data and uncertainty surrounding the U.S. Federal Reserve’s decision to raise interest rates for the first time since the financial crisis.

Full story at thesteelegroup.ca

28 Oct 2015

The Steele Group’s Q3 2015 E-Newsletter

Financial markets continued to exhibit a higher degree of volatility than normal throughout the third quarter of 2015, with most equity indexes finishing the period with losses and the results for bond markets being mixed.

Full story at thesteelegroup.ca

24 Aug 2015

The Steele Group’s Q2 2015 E-Newsletter

Q2 Graphic (146 x 70)Global capital market volatility increased during the second quarter of 2015 as investors considered slower economic growth forecast, delayed interest rate increases, and later in the period, the increase potential for international market shocks. We must keep in mind this is not another 2008, the global economic factors are very different now, and that volatility and minor corrections are a normal part of the equity markets.

Full story at thesteelegroup.ca

09 Jan 2015

The Steele Group’s Q4 2014 E-Newsletter

Q4 Graphic (146 x 70)As we head into 2015 we take note of the market outcomes of the final quarter of 2014 and the year as a whole. What can we take away and what’s to come in 2015?

The global economy in aggregate continued to strengthen in 2014, although the improvement, as has been the case through most of the current recovery, was uneven.

Full story at thesteelegroup.ca

27 Oct 2014

The Steele Group’s Q3 2014 E-Newsletter

A look back at the third quarter of 2014. In recent weeks, stock markets have been volatile while investments considered to be “safe havens” have started looking attractive, at least in the short term. Investor concerns have focused on the slow pace of economic growth forecast, particularly in China, Japan and Europe, continued conflict in the Middle East.

While no one can predict how prices will move in the short term, there are a number of circumstances that remain supportive of markets, including low interest rates, strong corporate earnings, and a strengthening North American economy. For example, the U.S. economy grew at an impressive annual rate of 4.6% in the second quarter, and the unemployment rate fell below 6% in September for the first time since July 2008.

Full story at thesteelegroup.ca

15 Jul 2014

The Steele Group’s Q2 2014 E-Newsletter

A look back at the second quarter of 2014. After a hesitant start to 2014, positive trends in the global economy helped to push both equity and bond prices higher in the second quarter of the year, and the Canadian dollar rose in value relative to its U.S. counterpart.

Full story at thesteelegroup.ca