Compass Wealth Partners

Estate planning is about more than passing along assets. It is also about making things easier for the people you care about most. Keeping wills, powers of attorney, and beneficiary information up to date can help reduce stress and uncertainty during difficult moments. Taking time to review these details now can provide greater peace of mind later.

Retirement planning looks different for everyone. Some people want to travel more, spend time with family, or slow down gradually instead of retiring all at once. Looking at income strategies, insurance coverage, and long-term goals together can help create a clearer path forward. Reviewing your plans regularly can help keep them aligned with the lifestyle you want.

The Bank of Canada held its overnight rate at 2.25% today. With inflation still influenced by higher oil prices and economic growth expected to remain moderate, today’s decision signals a continued wait-and-see approach

🔗 Full Bank of Canada announcement:

Bank of Canada maintains the policy rate at 2¼% The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.

Many families avoid conversations about money because they can feel uncomfortable or emotional. Talking openly about estate wishes, insurance coverage, and long-term goals can help prevent confusion later on. These discussions do not need to happen all at once. Starting the conversation now can help create more clarity for the future.

Running a business often means focusing on everyone else before yourself. Over time, it is easy for retirement planning, insurance coverage, and long-term financial goals to get pushed aside. Taking a step back to review these areas can help create more stability for both your business and your family. Even a short planning conversation can help bring clarity to your next steps.