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

06 Feb 2018

The Steele Group’s Feb 2018 Market Update

Market Graphic (146 x 70)On Friday we saw a large drop of 2.12% on the S&P 500, 1.61% on the TSX and 2.54% on the Dow Jones. This was a reaction due to stronger than expected employment numbers from the US job report, meaning that the unemployment rate in the US is lower and more importantly lower than expected, which is a great thing. But when there is any unexpected news the market reacts positively or negatively – in this case it was negative.

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

10 Nov 2016

U.S. Election Commentary

TrumpDonald Trump’s election as the next U.S. president was not a popular choice for capital markets. However, it appears to represent the average American’s demand for change. Bond, stock and currency markets were very volatile during 24 hours leading up to the election. Stocks are 2-3% higher from the lows, while bonds, foreign currencies and gold bullion are 2-3% lower from their highs. Market reaction calmed following Trump’s victory speech, which was a lot more modest than his campaign speeches.

Full story at thesteelegroup.ca

27 Jun 2016

Brexit Market Commentary

BREXITIn an historic development, U.K. citizens have voted in favour of their country leaving the European Union (EU) by a slim margin of 52% to 48%. The news triggered a dramatic reaction on global financial markets on June 24, with share prices declining sharply and prices for bonds and gold increasing. In currency markets, the U.S. dollar was up against most currencies, while the euro and British pound dropped.

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

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

13 Jul 2015

The Greek Referendum Market Commentary

EurozoneWith Greece and the Eurozone dominating the headlines over the past week we felt it necessary to send out a Market Commentary to help frame the overall issue and put some facts into prospective. The Greek Referendum on July 5th did have an impact on the market around the world, but we must be cautious not to be swayed by media sensationalizing the issues.

Full story at thesteelegroup.ca

06 Jan 2015

AssetTV MASTERCLASS Outlook 2015

The rising equity markets, rising dollar, oil’s 40% slide, possible FED liftoff, and central bank divergence are all hot topics for 2015. Find out what our panel of experts think will happen as we look towards the new year.

Full Video Here: www.us.asset.tv

02 Jan 2015

How to transition to retirement

If you’re transitioning into retirement, here is a checklist of what you need to do as you start counting down towards one of the biggest changes of your life.

Full Article Here: www.moneysense.ca

04 Jul 2014

TSG at the 2014 Men in Heels Charity Walk

The third annual Men in Heels event was another resounding success raising over $27,000! Thank you to all our client and friends that sponsored our office – this event is a success because of all of you. All proceeds of the event go to Nova Vita Domestic Violence Prevention Services. Click Here For More


26 Feb 2014

Financial Advisors Act Coming to Canada… Maybe

Introduced three days ago, a new private member bill tabled by Sudbury, Ont. MPP Rick Bartolucci is already garnering industry attention. The bill will provide the financial services industry with the power to establish a code of ethics.

Full story at advisor.ca

14 Jan 2014

The Steele Group’s Q4 2013 E-Newsletter

A look back on 2013 and what’s to come. Every three months we publish a one page article about various financial topics, from market summaries, new tax laws and trends in the financial services industry.

Full story at thesteelegroup.ca