Gerardo's Advice for Life

May, 2026 by Gerardo Cappelli

Canadian Flag in front of Canadian parliament buildings

Highlights from the Federal Economic Update

Last week the Prime Minister and Finance Minister introduced their spring economic update.  Usually the budget is tabled at this time of year with a fall fiscal update but PM Carney has reversed the federal bugetary calendar since taking office.  Take a look at the highlights or the full update below.

Highlights / Full Update

Asset Allocation Strategy - May 2026

Despite ongoing geopolitical tensions and uncertainty around inflation and interest rates, economic activity and corporate earnings continue to show resilience.  As a result, the CIO Office has shifted back to a slight overweight in equities and underweight in bonds with plans to adjust.

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AI Is Changing The Canadian Job Market in 2026 and Here Is What the Data Actually Shows

We have seen the headlines as tech firms lay off thousands of employees in 2026.  At the same time these firms are spending billions on their AI platform.  This articles mentions who is affected the most and what this means for Canadian workers.

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Password Reset - Online Portal

Most clients have migrated from an 8 digit user ID to their email address.  If you login using your email address, you can now request a password reset on your own.  The reset function requests your account number so if you have not made a note of that, contact us at CappelliTeam@nbc.ca and we can give you a call with the information.

 

 

 

 

FIFA Fan Festival

I am a big soccer fan but even I did not buy tickets for the World Cup 2026.  The FIFA Fan Fest is designed for fans like me who don't have match tickets but would still like the atmosphere.  There will be live match screenings, concerts, DJs organized by FIFA.  All this is free but you will need to go online and reserve tickets.

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Doors Open Toronto

Doors Open is a free annual city wide event that allows the public to tour different cultural or historic buildings that the public usually does not have access to or there is usually a fee.  No tickets are required but for more popular sites, there may be lineups

Toronto

National Bank Financial - Wealth Management (NBFWM) is a division of National Bank Financial Inc. (NBF), as well as a trademark owned by National Bank of Canada (NBC) that is used under license by NBF. NBF is a member of the Canadian Investment Regulatory Organization (CIRO) and the Canadian Investor Protection Fund (CIPF), and is a wholly-owned subsidiary of NBC, a public company listed on the Toronto Stock Exchange (TSX: NA).

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