Market Watch

Over the past few weeks, we have witnessed some strength in the markets with positive headlines, including strong earnings reports and forecasts. We have also seen a decline in the inflation number, although it is still very high, we have a long way to go. In addition to the inflation pressures, we continue to see more layoffs, and many are still predicting a recession in the near future if we aren’t already there. Interest rates are still under pressure, and the expectation is that we will continue to see a hike at the December 7th meeting. Markets are likely to stay volatile into 2023, as we work through the current economic environment. Wishing everyone a happy and healthy Holiday Season as we get ready to close out 2022.

- Brad Wilson

Originally built in 1990, the wooden water wheel structure has now reached its life expectancy. The New Hamburg Board of Trade collaborated with the University of Guelph Engineering Department to design a new metal structure to replace the existing wood structure. The Board then started to fundraise and apply for various government grants. On November 9th, MP. Tim Louis made the announcement in New Hamburg that a $300,000 grant will be provided for the construction of the new water wheel. Fabrication will commence this winter and installation of the structure is anticipated for spring of 2023.

Click here for The Record article.

Click here for an interview on November 11th with Joe Figliomeni on Kitchener's CKGL 570 News with Mike Farwell regarding the Water Wheel and the $300,000 Government Funding.

Thank you for your patience and trust during this past year as we transitioned and partnered with QWealth.

Partnering with QWealth has increased our portfolio options, expanded our technological expertise and increased our social media branding.

Thank you for your continued trust.

10 Holiday Financial Tips

1. Set a budget for your Holiday spending
2. Shop around, compare prices and look for deals
3. Hold onto your receipts and track your spending
4. Get thrifty stocking stuffers
5. Shop for Holiday gifts throughout the year
6. DIY's - Make your own gifts
7. Pick names from a hat instead of buying for everyone
8. Spend time in the kitchen and bake cookies
9. Give the gift of your time
10. Spend time with family and friends

Monthly Recipe:

Christmas Cookies

Ingredients:
225g/1 cup unsalted butter, softened (or use salted, skip salt)
1 cup (220g) white sugar, preferably caster/superfine
1 1/2 tsp vanilla extract
1 large ess (55-60g/ 1.9-2oz)
3 cups (450g_ flour, plain/all purpose
3/4 tsp baking powder
3/4t sp salt

Icing for Sugar Cookies

Directions:

Preheat Oven to 180°C / 350°F (160°C fan).
Line 2 baking sheets with parchment paper.
Beat butter and sugar in a large bowl until creamy (1 minute on speed 5) Add egg and vanilla, beat until completely combined. Add flour, baking powder, and salt.
Start mixing slowly, then beat until the flour is incorporated - it will be clumpy.
Dust work surface with flour, scrape dough out of bowl. Pat together then cut in half, then shape into 2 discs.
Roll out to 0.3cm / 1/8" (for thinner, crispier cookies) or 0.6cm / 1/4" (for thicker, softer cookies), sprinkling with flour under and over the dough so it doesn't stick.
Use cookie cutters to press out shapes and use a knife or spatula to transfer shapes to prepared baking sheets.
Bake for 10 minutes, until the surface is pale golden and the edges are just beginning to turn light golden.
Allow cookies to cool completely on trays (they will finish cooking on the trays).

Decorating Options:
Icing
Melt chocolate then dip the surface into chocolate.
Dust with icing sugar
Serve plain

Enjoy!

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