Saturday, December 14, 2024, employees, clients, and friends of Nova Scotia’s own Eastport Financial delivered full turkey dinners to 750 families in need from the South Shore to Halifax and beyond, marking a milestone of fifteen years of generosity and joy.

The Hub, an indoor skatepark located in Burnside, Dartmouth, Nova Scotia, hosted a Skate-A-Thon on December 6th. More than one hundred skateboarders participated in the event and made donations, while local companies like Eastport also provided support.

Join Matthew Jenkinson, President of Eastport Private Investment Counsel, as he presents our Fall update. Matthew discusses benchmark performance, the market's rally in the third quarter, and an economic update encompassing job market trends and GDP growth.

The third quarter of 2024 saw global equity markets close higher, with major indices like the S&P/TSX Composite Index and S&P 500 Index showing significant gains. This positive performance was driven by falling inflation rates and interest rate cuts, which outweighed the periods of volatility in August and September. Canadian and U.S. bonds also rose during this period as yields continued to decrease.

Eastport Financial is seeking a dynamic individual to fill a combined role of Office and Project Manager. This role is crucial for the smooth operation of our office as well as the successful execution of various projects, particularly those related to our philanthropic and community endeavors.

Join Matthew as he provides our Summer Market update. He discusses the Canadian and American economies and their role with regard to the stock market, the Consumer Price Index, and other relevant topics.

When it comes to succession and inheritance, one usually unavoidable factor is the probate fees, where you’re essentially paying a tax to inherit what is rightfully already yours. At times the probate fee can be quite significant, leaving family members and loved ones with a lot less than what the deceased had left them.

Equity markets dipped in early April but bounced back in May. Investors were hopeful for interest rate cuts, supported by lower inflation and a positive economic outlook. In June, the Bank of Canada and the European Central Bank cut interest rates, starting a policy-easing cycle, while the US held off due to a strong labor market and persistent inflation.

In this Spring Market & Economic Update, Matthew dives into Benchmarking and he also provides an economic update.

In Q1, equities posted impressive returns with U.S., Canadian, and global equities seeing consistent gains backed by strong corporate earnings, AI excitement, and the optimism that the Fed and BoC rate cuts are getting closer. While U.S. job creation continues, there are signs of a slowing labour market, particularly in Canada, and inflation has been stickier in the U.S. than the market likes.

Starting a family is a huge decision, and you need to factor in multiple things when doing so including emotional availability, stability in life, and, most importantly, the financial considerations that go into raising a family.

Three words describe Canada’s system of fighting money laundering and financing of terrorism; intricate, rigorous, and evolving. We have the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTF), which is not only the cornerstone of the entire framework but also the legislative backbone on which government bodies and law enforcement agencies heavily rely.

Estate planning allows you to ensure that your loved ones are financially protected and your assets are appropriately distributed amongst those you choose. Your estate consists of many things; your house, car, any shares that you own, and, of course, money.

One of the biggest factors that help employees decide to join a workplace is the benefits that come with the job. Medical coverage is the most sought-after benefit, but with the COVID-19 pandemic and the economic situation getting more difficult with each passing day, both employers and employees alike are looking for a change in the way medical coverage is provided under a job.

While Canada’s tax system is beneficial for the country in many ways and a lot more equitable than other tax systems around the world, there’s no denying that tax obligations can put a burden on a family’s finances.

Homeownership is a goal that everyone aspires to, as it offers a sense of security, both in economic terms and in sentiment. Families rest easy knowing they are in THEIR home and nobody can take it away from them.