Happy Friday from Brenda Miller Family Wealth!

August is a slower season that brings warm weather; a perfect time to pause and review your finances. Use this quieter month to assess your retirement contributions, update your insurance coverage, and ensure your estate planning documents are current. A brief financial check-in before fall helps you stay on track with your long-term goals and adjust your strategy as needed.

The Latest News

• CUSMA Termination Risk: Potential termination of the Canada-U.S.-Mexico Agreement could result in approximately 300,000 job losses, creating significant economic uncertainty for Canadian and USA workers and businesses.
• U.S. Inflation Decline: U.S. inflation fell in July, reducing the likelihood of additional Federal Reserve rate hikes and potentially easing pressure on borrowing costs.
• Black Sea Shipping Concerns: The Black Sea is emerging as a new shipping chokepoint, disrupting global trade routes and supply chains with potential impacts on commodity prices and logistics costs.
• LA Lakers Sale: The Los Angeles Lakers were sold for a record US$12.5 billion, marking the highest price ever paid for an NBA franchise and reflecting growing valuations in professional sports.

Have a nice weekend,

Brenda, Betina, Matty, Taylor, Max, and Nathan