Financial Planning in Uncertain Times

Patrick Leonard from the Leonard Wealth Advisory Group discussed the impact of the first 100 days of the new U.S. presidency and the recent Canadian federal election on the markets. Despite initial volatility, the S&P 500 is now down 3.5% year-to-date, while the TSX is slightly positive. Oil prices have fallen, influenced by global economic uncertainty and OPEC's increased supply. Leonard highlighted the new Canadian prime minister's financial background and potential strategies, including housing and infrastructure spending. He advised Canadians to review their finances post-tax season, focusing on savings and expense tracking to improve their financial health.