Happy New Year! Welcome to 2025 and a reset for new opportunities and personal achievements.
Prior to Christmas, I was pleased to continue with platinum level sponsorship of the Christmas Exchange Breakfast. This year’s event was held at the Infinity Center where together we raised a total of $150,000 to assist those in need over the holidays. Disadvantaged families and especially children really benefit from this long-standing charity event, and I am happy to continue the level of support Michael set in place years ago.

As we close out Q4 2024, equity markets across North America continued to deliver strong performance, with a notable resurgence in large-cap stocks. The TSX Composite extended its gains, rising 3.03% for the quarter to end the year up 17.99%, while the TSX Small Cap index added 0.11 % ending the year up 15.97%. In the U.S., the S&P 500 climbed 3.03% to round out a 23.31% gain on the year, outpacing the S&P 600, which posted a -0.98% decrease to close the year up 6.82%.

This quarter’s narrative shifted towards large-cap stocks regaining momentum following their earlier underperformance relative to small-caps. The rebound was driven by improving earnings reports, easing recession fears, and stabilizing interest rate expectations.

Feliz Ano Nuevo and greetings from sunny Panama City. I trust you enjoyed a wonderful Christmas season with family and friends and that this new year brings you all you desire. It seems we just arrived back in Panama on October 4th and now it’s already 2025.
We were unsure of what to expect arriving in the “rainy season” but since Casco Viejo is located at the beginning of the “dry arch” we found fall here great.

Wishing You the Best in 2025. As we step into 2025, I want to take a moment to wish you a year filled with success, prosperity, and joy. At Prittie Private Wealth, we’re here to support you every step of the way, and to ensure your experience with us is nothing short of exceptional.
As Director of Client Services & Practice Management of Prittie Private Wealth, I am privileged to lead a team that is truly passionate about providing you with a white-glove service experience.

As the new year approaches, it’s a natural time to reflect on our personal goals and set resolutions for the months ahead. Your home and finances are key areas where small, intentional changes can lead to big improvements in security, stability, and quality of life.
Here are some resolutions to get you started!
Create a Realistic Home Budget
A well-planned budget is essential for financial peace of mind. Whether you’re new to budgeting or want to refine your approach, creating a realistic budget help prioritize spending, track bills, and put money toward meaningful goals.

Our primary goal is to ensure Electronic Funds Transfers (EFTs) and Wire orders are initiated, executed, and approved in a secure manner while meeting the needs of our clients. We want to ensure that you receive your fund requests when you need it; for example, buying a new car or any other purchase.
Please be reminded of the following process to ensure no delays are encountered for funding requests

In times of market volatility, it’s natural for investors to consider taking immediate action. Sharp declines in stock prices or unsettling economic headlines worldwide can prompt a rush towards selling assets and moving to safer ground. However, the best course of action during such times is often strategic inaction, or more simply, staying the course. Here’s why maintaining your investment strategy in turbulent markets is the smart move for long-term investors.

As we conclude Q3 2024, North American equity markets posted impressive gains, with a notable shift towards small-cap stocks. The TSX Composite led major indices with a surge of 9.23%, while the TSX Small Cap index posted a robust gain of 6.79%. In the U.S., the S&P 500 rose 4.73%, lagging behind its smaller counterpart, the S&P 600, which rallied strongly with a 9.19% increase.
This quarter’s standout story was the significant outperformance of small-cap stocks in the U.S. market. Importantly, the bulk of the S&P 600’s impressive gain occurred before the Federal Reserve’s rate cut.

I trust you enjoyed a nice summer with some adventure and new experiences. For Audrey and I, life on the St Lawrence Seaway has been all we expected and more. The condo community has been welcoming and we are blessed with great neighbors. The environment is peaceful with wonderful scenery and activities. We did lots of walking and I got a fair bit of mountain biking on nearby trails as well.

Did you Know that it is important to update Adam Prittie when life circumstances change so that your financial plan can be updated. The purpose of updating your financial plan is to ensure that your financial strategy remains aligned with your current life circumstances and goals. Life changes—such as a significant salary increase, marriage, the birth of a child, or receiving an inheritance. All of these can significantly impact your financial situation, and your financial plan needs to reflect those changes. Your updated financial plan can adjust for new priorities, optimize tax strategies, adapt your investment approach, and ensure that you stay on track to meet your short and long-term financial objectives. Ultimately, it helps you maintain control over your financial future and avoid potential gaps or risks.

The initial Bank of Canada rate cuts this past summer did not spur housing activity as anticipated, but potentially more on the way will continue to affect the housing market outlook. New listing levels are expected to rise as sellers who may have held back enter the market with the hope that lower mortgage rates will attract additional buyers.

Our primary goal is to ensure Electronic Funds Transfers (EFTs) and Wire orders are initiated, executed, and approved in a secure manner while meeting the needs of our clients. We want to ensure that you receive your fund requests when you need it; for example, buying a new car or any other purchase.
Please be reminded of the following process to ensure no delays are encountered for funding requests