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Richardson Wealth - SEKO Wealth Advisors
The Independent Source

February 2025

Vancouver - Whistler Invictus Games 2025: A Celebration of Resilience

Next week, The 2025 Invictus Games will be hosted in Vancouver and Whistler, showcasing the strength and courage of wounded and injured servicemen and women from around the world. With over 500 athletes competing in adaptive sports like wheelchair rugby and sit-skiing, the Games highlight the power of sport in recovery. This inspiring event is a testament to the resilience of our military veterans and a chance for the Vancouver community to come together in support.


Inflation, Tariffs and the Fed

This article by Brian Wesbury, chief economist at First Trust, explains that despite some inflation progress, the Federal Reserve is unlikely to cut interest rates soon, as core inflation remains high. While new tariffs on imports could push up prices, inflation is mainly driven by monetary policy, and reduced consumer spending could offset tariff effects. The Fed is expected to hold rates steady, using tariffs as a reason to avoid reacting too quickly to economic data. A potential slowdown or excessive easing could lead to stagflation, creating challenges for the equity market.
 


Top up your RRSPs. Maximize your savings

Once again, we are fast approaching the RRSP season deadline. The deadline for contributing to an RRSP for the 2024 tax year is March 3rd.

The annual contribution limit is 18% of your earned income in the prior year, to a maximum of $31,560 for 2024. If you did not use your previous RRSP contribution limit, you can carry forward any unused amount. Note that employer and employee contributions to a registered pension plan will reduce your contribution room. For reference, your current allowable contribution limit can be found on your latest notice of assessment from the Canada Revenue Agency.

You can easily transfer funds from your bank account to your investment account in much the same way as you would pay a bill online. Click here for deposit instructions. Click here to download our RRSP Reference Guide.
 


Semiconductor production by country

The global semiconductor industry has undergone a dramatic transformation since 1990, reflecting broader shifts in technological manufacturing and economic power. Once dominated by European and American manufacturers, the industry has experienced a significant geographic redistribution in recent decades. This visualization shows the share of global semiconductor production by country or region, from 1990 to 2032 (forecast).

Tyler Steele BA, CFA®, FEA
Senior Portfolio Manager, Senior Investment Advisor
Tel.: 604.640.0554 • Email
 

Neil Kumar CIM®, FEA
Senior Portfolio Manager, Senior Investment Advisor
Tel.: 604.640.0406 • Email
 

Jessica Dewey BA
Associate
Tel.: 604.640.0405 • Email 
 

Brenda Geib BA, PFP
Associate
Tel.: 604.640.0559 • Email
 

Heather Meehan
Assistant
Email
 

Jaideep Sandhu CFA®
Portfolio Analytics Associate
Tel.: 604.640.0254  •  Email
 

Amelia Wigan B.Sc.
Assistant, Team Coordinator
Tel.: 604.640.0209 • Email

Tim Engelbert CIM, B.Sc.
Senior Portfolio Manager, Senior Investment Advisor
Tel.: 604.640.0317  •  Email
 

Rory O'Connor CIM
Senior Portfolio Manager, Senior Investment Advisor
Tel.: 604.640.0315  •  Email
 

Maryam Fejvai
Associate
Tel.: 604.640.0556 • Email
 

Jackson Kern
Associate
Tel.: 604.678.6583 • Email 
 

Danielle O'Neill PFP
Associate Investment Advisor
Tel.: 604.640.0309  •  Email
 

Jennica Vegelahn
Associate
Tel.: 604.640.0319  •  Email

 
Serina Girdherlal
Assistant
Tel.: 604.640.0236  •  Email

The opinions expressed in this report are the opinions of the author and readers should not assume they reflect the opinions or recommendations of Richardson Wealth Limited or its affiliates. Assumptions, opinions and estimates constitute the author’s judgment as of the date of this material and are subject to change without notice. We do not warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Past performance is not indicative of future results. Insurance services are offered through Richardson Wealth Insurance Services Limited in BC, AB, SK, MB, NWT, ON, QC, NB, NS, PEI and NL. Richardson Wealth is a trademark of James Richardson & Sons Limited, used under license.

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