HomeMy WebLinkAboutFIN 13-25Report to
Executive Committee
Report Number: FIN 13-25
Date: September 2, 2025
From: Stan Karwowski
Director, Finance & Treasurer
Subject: Investment Portfolio Activity for the Year Ended December 31, 2024
Ontario Regulation 438/97 under the Municipal Act, 2001
- File: F-3700-001
Recommendation:
1. That Report FIN 13-25 regarding Investment Portfolio Activity for the Year Ended
December 31, 2024 be received for information.
Executive Summary: The purpose of this report is to share a summary of the investment
activity and year-end balance in the portfolio for 2024. Investment activity for the year totaled
approximately $299.7 million with a year-end balance in the portfolio of approximately $204.2
million. Current Fund investments are limited to one year or less and Reserve Funds to 10
years or less under the Town of Pickering Revised Investment Policy (TR 10/98). The last few
years have seen the value of the portfolio consistently rise which is primarily a result of the
ongoing development in Pickering which provides the collection of development charges.
Overall, returns on the City’s portfolio compare favourably to market benchmarks.
Relationship to the Pickering Strategic Plan: The recommendations in this report
respond to the Pickering Strategic Plan Corporate Key: Good Governance /Customer Service
Excellence.
Financial Implications: Total investment income, including bank account interest for 2024,
was $9.65 million (2023 - $8.29 million) of which $7.09 million (2023 - $6.51 million) was for
Current (Operating) Funds. The balance of the income was allocated to the various reserve
funds.
Discussion: The purpose of this report is to share a summary of the investment activity
and year-end balance in the portfolio for 2024. The City’s investment portfolio is comprised of
two main components:
(i) Reserve Funds; and
(ii) balances available in the Current Fund, when not required to meet current operating
expenditures. This latter balance can vary greatly depending upon many factors
including the timing of the receipt of property taxes and levy payments to the School
Boards and the Region.
FIN 13-25 September 2, 2025
Page 2
Investments are undertaken as one consolidated pool of funds and interest earned is credited
back to the appropriate funds.
The Treasurer of the City of Pickering is required under Provincial Regulation 438/97 to report
certain information and opinions to Council. The schedules to this report are included as part of
that Regulation’s information requirements. The portfolio balance at December 31, 2024 of
$204.2 million (2023 - $195.7) has increased over the prior year. This is primarily a result of an
increase in development charge collections over prior year from the ongoing building activity in
the City, particularly in the Seaton area.
The return on the portfolio, maintained with Nesbitt Burns, increased in 2024 with a weighted
yearly rate of return of 4.99 percent (2023 – 4.59%) on the combined short-term and long-term
investments. This was a result of the interest rates being elevated in 2023 and remaining
elevated through January to August 2024. In 2024, the GIC’s with interest rates below 2.00
percent matured and were replaced with GIC’s averaging rates at 4.61 percent. The average
rate of the investment portfolio for both the short-term and long-term investments is 4.80
percent.
The City’s holdings of investments in the portfolio continue to be mainly guaranteed investment
certificates (GIC) to take advantage of higher yields. Since GICs don’t provide the same
liquidity, the City also changed the timing of maturities to a ladder approach with both the short
term and long term paper, to allow for maturities every month. As a result the City was able to
lock in to GICs to obtain higher yields but also ensuring sufficient cash flows to meet the City’s
financial needs. For 2025, the decreases in the Canada bank rate from June to December
2024 will have an impact on the portfolios 2025 performance.
The net performance on TD Wealth’s portion of the portfolio for 2024 was 5.39 percent (2023 –
4.44%). Again with the interest rates being elevated in 2023 and remaining elevated through
January to August 2024 resulted in a higher level of return in 2024.
Investment parameters are narrow due to the Municipal Act and Regulations limiting the
selection of qualified investments for municipal entities. Furthermore, staff’s approach tends to
be conservative, given that they are investing public money. Notwithstanding these restrictions,
the annual returns from both Nesbitt Burns and TD Wealth either outperformed or were in line
with the annual returns for the CIBC Canadian T-Bill Premium Class Fund (4.40%) and the
Morningstar Canadian Money Market Mutual Fund Index (4.16%). These indices were deemed
to be the most appropriate benchmarks for reviewing the portfolio’s performance given the
guidelines that govern municipal investments.
The average return on interfund investments (internal loans) was 3.71 percent (2023 – 2.29%).
At year-end 2024, the total portfolio of approximately $204.2 million, consisted of
approximately $99.4 million or 49.0 percent in external long-term investments and
approximately $1.4 million or 0.69 percent in Interfund Investments (Internal Loans). The
balance of approximately $103.4 million is short-term investments due within the year.
FIN 13-25 September 2, 2025
Page 3
All investments were made in accordance with the Investment Policy approved by Council on
March 4, 1998 (Resolution #56/98).
Attachments:
1.Investment Activities for 2024
2.Outstanding Investments as at December 31, 2024
3.Investment Account Overview - Correspondence from BMO Nesbitt Burns
4. Performance Report - Correspondence from TD Wealth
Prepared By: Approved/Endorsed By:
Susan Marsh Stan Karwowski
Manager, Accounting Services Director, Finance & Treasurer
Recommended for the consideration
of Pickering City Council
Marisa Carpino, M.A.
Chief Administrative Officer
Original Signed By:Original Signed By:
Original Signed By:
CITY OF PICKERING INVESTMENT ACTIVITIES FOR 2024
Financial
Institution Instrument Cost Principal Yield Term
Purchase
Date
Maturity
Date
Short Term
Nesbitt Burns Bank of Montreal GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal Trust Company GIC Annual
Bank of Montreal Mortgage Corp GIC Annual
Bank of Montreal Trust Company GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal Trust Company GIC Annual
Bank of Montreal Mortgage Corp GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal Trust Company GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal Trust Company GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal MRTG CORP GIC Annual
Bank of Montreal TRUST CO GIC Annual
Bank of Montreal GIC
Bank of Montreal TRUST CO GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal MRTG CORP GIC Annual
Bank of Montreal TRUST CO GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal MRTG CORP GIC Annual
TD Wealth
Toronto Dominion Bank GIC
Toronto Dominion Bank
ISA-TDB@4.55% PA/NL
ISA-TDB@4.55% PA/NL
ISA-TDB@4.55% PA/NL
Toronto Dominion Bank GIC
Toronto Dominion Bank GIC
Total Short-term
5,000,000
9,270,000
8,384,000
8,824,000
5,307,587
10,000,000
10,000,000
10,000,000
8,000,000
3,176,000
4,116,415
1,999,521
7,239,713
5,418,000
9,323,067
9,327,850
8,862,726
8,900,000
5,613,304
10,700,000
10,700,000
10,700,000
3,858,000
6,677,000
7,638,620
2,581,700
2,244,852
388,872
279,125
23,000
3,403,239.00
2,320,924.00
5,000,000
9,270,000
8,384,000
8,824,000
5,307,587
10,000,000
10,000,000
10,000,000
8,000,000
3,176,000
4,116,415
1,999,521
7,239,713
5,418,000
9,323,067
9,327,850
8,862,726
8,900,000
5,613,304
10,700,000
10,700,000
10,700,000
3,858,000
6,677,000
7,638,620
2,581,700
2,286,000
388,872
279,125
23,000
3,403,239.00
2,320,924.00
5.360%
5.710%
5.710%
5.710%
5.760%
5.860%
5.860%
5.860%
5.910%
5.910%
5.810%
5.810%
5.510%
5.260%
5.160%
5.160%
5.160%
4.210%
5.060%
4.220%
4.220%
4.220%
4.080%
3.770%
3.420%
4.950%
2.850%
4.550%
4.550%
4.550%
5.150%
5.050%
365
367
366
366
366
369
369
368
367
369
366
366
366
366
367
367
367
272
365
365
365
365
365
365
365
365
373
64
57
56
366
367
11-Jan-23
23-Jun-23
26-Jun-23
27-Jun-23
19-Jul-23
28-Sep-23
28-Sep-23
29-Sep-23
06-Oct-23
12-Oct-23
28-Nov-23
28-Nov-23
18-Dec-23
16-Jan-24
28-Jun-24
28-Jun-24
28-Jun-24
08-Oct-24
22-Jul-24
02-Oct-24
02-Oct-24
02-Oct-24
15-Oct-24
04-Dec-24
18-Dec-24
30-Jan-23
01-Mar-23
28-Nov-23
05-Dec-23
06-Dec-23
30-Jan-24
08-Mar-24
11-Jan-24
24-Jun-24
26-Jun-24
27-Jun-24
19-Jul-24
01-Oct-24
01-Oct-24
01-Oct-24
07-Oct-24
15-Oct-24
28-Nov-24
28-Nov-24
18-Dec-24
16-Jan-25
30-Jun-25
30-Jun-25
30-Jun-25
07-Jul-25
22-Jul-25
02-Oct-25
02-Oct-25
02-Oct-25
15-Oct-25
04-Dec-25
18-Dec-25
30-Jan-24
08-Mar-24
31-Jan-24
31-Jan-24
31-Jan-24
30-Jan-25
10-Mar-25
200,277,515 200,318,663
Attachment 1 to Report FIN 13-25
CITY OF PICKERING INVESTMENT ACTIVITIES FOR 2024
Financial
Institution Instrument Cost Principal Yield Term
Purchase
Date
Maturity
Date
Long Term
Nesbitt Burns Bank of Montreal GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal Trust Company GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal Mortgage Corp GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal Trust Company GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal Trust Company GIC Annual
Bank of Montreal GIC Annual
TD Wealth Toronto Dominion Bank
Toronto Dominion Bank GIC
Toronto Dominion Bank Mortgage GIC
Royal Bank of Canada GIC
Toronto Dominion Bank GIC
Canadian Western Bank
Toronto Dominion Bank Mortgage GIC
Toronto Dominion Bank Mortgage GIC
Toronto Dominion Bank PAC Mortgage GIC
CIBC Bank Protected Notes
Toronto Dominion Bank Mortgage GIC
Toronto Dominion Bank GIC
CIBC Bank Protected Notes
1,850,000.00
2,662,000.00
1,755,777.00
1,868,000.00
2,346,000.00
5,739,000.00
6,368,000.00
7,400,000.00
3,089,000.00
3,480,000.00
4,200,000.00
4,200,000.00
4,166,000.00
3,175,000.00
4,052,000.00
1,991,000.00
4,384,091.00
2,274,000.00
3,662,000.00
2,994,000.00
2,363,037.74
1,032,570.00
1,013,945.00
2,151,882.00
2,750,000.00
1,950,200.00
2,750,000.00
2,000,000.00
2,023,000.00
3,000,000.00
2,261,767.00
2,261,767.00
2,000,000.00
1,850,000.00
2,662,000.00
1,755,777.00
1,868,000.00
2,346,000.00
5,739,000.00
6,368,000.00
7,400,000.00
3,089,000.00
3,480,000.00
4,200,000.00
4,200,000.00
4,166,000.00
3,175,000.00
4,052,000.00
1,991,000.00
4,384,091.00
2,274,000.00
3,662,000.00
2,994,000.00
2,441,327.77
1,032,570.00
1,013,945.00
2,151,882.00
2,750,000.00
1,993,647.37
2,750,000.00
2,000,000.00
2,023,000.00
3,000,000.00
2,261,767.00
2,261,767.00
2,000,000.00
5.000%
4.980%
4.550%
5.040%
5.710%
5.560%
5.560%
5.760%
5.620%
5.800%
5.160%
5.160%
4.980%
5.180%
5.220%
4.860%
4.760%
3.860%
3.470%
3.470%
2.667%
5.100%
0.950%
5.100%
5.100%
3.860%
5.100%
4.350%
4.250%
6.200%
3.700%
3.700%
5.750%
747
733
1,096
1,097
733
1,098
1,098
731
1,097
732
732
732
1,098
731
730
1,095
730
1,095
730
730
740
1,096
1,826
1,097
1,097
878
1,096
1,461
1,826
1,830
1,095
1,095
1,825
22-Dec-22
18-Jan-23
01-May-23
31-May-23
19-Jul-23
22-Aug-23
29-Aug-23
15-Sep-23
12-Oct-23
16-Nov-23
21-Mar-24
21-Mar-24
26-Mar-24
12-Apr-24
01-May-24
10-Jun-24
17-Jul-24
19-Nov-24
18-Dec-24
23-Dec-24
31-Aug-23
10-Nov-23
10-Nov-20
23-Nov-22
23-Nov-22
25-Nov-22
01-Dec-22
05-Jun-24
05-Jun-24
07-Oct-24
02-Dec-24
02-Dec-24
03-Dec-24
07-Jan-25
20-Jan-25
01-May-26
01-Jun-26
21-Jul-25
24-Aug-26
31-Aug-26
15-Sep-25
13-Oct-26
17-Nov-25
23-Mar-26
23-Mar-26
29-Mar-27
13-Apr-26
01-May-26
10-Jun-27
17-Jul-26
19-Nov-27
18-Dec-26
23-Dec-26
09-Sep-25
10-Nov-26
10-Nov-25
24-Nov-25
24-Nov-25
21-Apr-25
01-Dec-25
05-Jun-28
05-Jun-29
11-Oct-29
02-Dec-27
02-Dec-27
02-Dec-29
Total Long-term
Total External Investments
Interfund Investments (Internal Loans)
99,214,037 99,335,774
299,491,552 299,654,437
0
CITY OF PICKERING INVESTMENT ACTIVITIES FOR 2024
Financial
Institution Instrument Cost Principal Yield Term
Purchase
Date
Maturity
Date
Total Investment Activity 299,654,437
CITY OF PICKERING INVESTMENT ACTIVITIES FOR 2024
Financial
Institution Instrument Cost Principal Yield Term
Purchase
Date
Maturity
Date
Long Term Dispositions
Nesbitt Burns Bank of Montreal GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal GIC Annual
Bank of Nova Scotia GIC Annual
Bank of Montreal GIC Annual
NATIONAL BANK OF CDA GIC
Bank of Montreal GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal GIC Annual
Bank of Montreal GIC Annual
TD Wealth Laurentian Bank of CDA
Bank of Nova Scotia GIC
Bank of Montreal GIC Annual
Total Dispositions
2,516,000.00
4,008,000.00
1,789,000.00
3,851,000.00
2,053,000.00
2,944,000.00
1,827,000.00
2,402,000.00
3,451,000.00
1,966,000.00
3,100,000.00
3,479,000.00
3,774,800.00
2,750,000.00
2,750,000.00
2,516,000.00
4,008,000.00
1,789,000.00
3,851,000.00
2,053,000.00
2,944,000.00
1,827,000.00
2,402,000.00
3,451,000.00
1,966,000.00
3,100,000.00
3,479,000.00
3,796,854.79
2,750,000.00
2,750,000.00
1.040%
1.110%
1.320%
1.370%
1.860%
1.680%
2.880%
4.760%
4.800%
4.800%
4.810%
5.270%
1.150%
5.050%
5.050%
1,098
1,098
1,096
1,096
1,096
1,097
733
547
547
547
549
731
556
733
732
16-Mar-21
27-Apr-21
04-Jun-21
16-Jul-21
05-Nov-21
22-Dec-21
23-Mar-22
21-Sep-22
21-Sep-22
26-Sep-22
07-Oct-22
13-Dec-22
25-Nov-22
23-Nov-22
01-Dec-22
18-Mar-24
29-Apr-24
04-Jun-24
16-Jul-24
05-Nov-24
23-Dec-24
25-Mar-24
21-Mar-24
21-Mar-24
26-Mar-24
08-Apr-24
13-Dec-24
03-Jun-24
25-Nov-24
02-Dec-24
Matured
Matured
Matured
Matured
Matured
Matured
Matured
Matured
Matured
Matured
Matured
Matured
Matured
Matured
Matured
42,660,800 42,682,855
CITY OF PICKERING OUTSTANDING INVESTMENTS AS AT DECEMBER 31, 2024
Financial Purchase Maturity Interest
Institution Instrument Cost Principal Yield Term Date Date Payable Dates
Short-term Current & Reserve Fund Investments
Nesbitt Burns BMO GIC 5,418,000.00 5,418,000.00 5.26% 366 16-Jan-24 16-Jan-25
BMO GIC 9,323,067.00 9,323,067.00 5.16% 367 28-Jun-24 30-Jun-25
BMO MRTG CORP GIC 9,327,850.00 9,327,850.00 5.16% 367 28-Jun-24 30-Jun-25
BMO TRUST CO GIC 8,862,726.00 8,862,726.00 5.16% 367 28-Jun-24 30-Jun-25
BMO GIC 8,900,000.00 8,900,000.00 4.21% 272 08-Oct-24 07-Jul-25
BMO TRUST CO GIC 5,613,304.00 5,613,304.00 5.06% 365 22-Jul-24 22-Jul-25
BMO GIC 10,700,000.00 10,700,000.00 4.22% 365 02-Oct-24 02-Oct-25
BMO MRTG CORP GIC 10,700,000.00 10,700,000.00 4.22% 365 02-Oct-24 02-Oct-25
BMO TRUST CO GIC 10,700,000.00 10,700,000.00 4.22% 365 02-Oct-24 02-Oct-25
BMO GIC 3,858,000.00 3,858,000.00 4.08% 365 15-Oct-24 15-Oct-25
BMO GIC 6,677,000.00 6,677,000.00 3.77% 365 04-Dec-24 04-Dec-25
BMO MRTG CORP GIC 7,638,620.00 7,638,620.00 3.42% 365 18-Dec-24 18-Dec-25
TD Wealth TD Bank GIC 3,403,239.00 3,403,239.00 5.15% 366 30-Jan-24 30-Jan-25
TD Bank GIC 2,320,924.00 2,320,924.00 5.05% 367 08-Mar-24 10-Mar-25
Total Short-term 103,442,730.00 103,442,730.00
Long-term Reserve Fund Investments
Nesbitt Burns BMO GIC 1,850,000.00 1,850,000.00 5.00% 747 22-Dec-22 07-Jan-25
BMO GIC 2,662,000.00 2,662,000.00 4.98% 733 18-Jan-23 20-Jan-25
BMO GIC 1,755,777.00 1,755,777.00 4.55% 1096 01-May-23 01-May-26
BMO GIC 1,868,000.00 1,868,000.00 5.04% 1097 31-May-23 01-Jun-26
BMO GIC 2,346,000.00 2,346,000.00 5.71% 733 19-Jul-23 21-Jul-25
BMO GIC 5,739,000.00 5,739,000.00 5.56% 1098 22-Aug-23 24-Aug-26
BMO TRUST CO GIC 6,368,000.00 6,368,000.00 5.56% 1098 29-Aug-23 31-Aug-26
BMO GIC 7,400,000.00 7,400,000.00 5.76% 731 15-Sep-23 15-Sep-25
BMO GIC 3,089,000.00 3,089,000.00 5.62% 1097 12-Oct-23 13-Oct-26
BMO GIC 3,480,000.00 3,480,000.00 5.80% 732 16-Nov-23 17-Nov-25
BMO GIC 4,200,000.00 4,200,000.00 5.16% 732 21-Mar-24 23-Mar-26
BMO Mortgage Corp GIC 4,200,000.00 4,200,000.00 5.16% 732 21-Mar-24 23-Mar-26
BMO GIC 4,166,000.00 4,166,000.00 4.98% 1098 26-Mar-24 29-Mar-27
BMO Trust CO GIC 3,175,000.00 3,175,000.00 5.18% 731 12-Apr-24 13-Apr-26
BMO GIC 4,052,000.00 4,052,000.00 5.22% 730 01-May-24 01-May-26
BMO GIC 1,991,000.00 1,991,000.00 4.86% 1095 10-Jun-24 10-Jun-27
BMO GIC 4,384,091.00 4,384,091.00 4.76% 730 17-Jul-24 17-Jul-26
BMO GIC 2,274,000.00 2,274,000.00 3.86% 1095 19-Nov-24 19-Nov-27
BMO Trust CO GIC 3,662,000.00 3,662,000.00 3.47% 730 18-Dec-24 18-Dec-26
BMO GIC 2,994,000.00 2,994,000.00 3.47% 730 23-Dec-24 23-Dec-26
Attachment 2 to Report FIN 13-25
CITY OF PICKERING OUTSTANDING INVESTMENTS AS AT DECEMBER 31, 2024
Financial Purchase Maturity Interest
Institution Instrument Cost Principal Yield Term Date Date Payable Dates
TD Wealth TD Mortgage GIC 1,013,945.00 1,013,945.00 0.95% 1826 10-Nov-20 10-Nov-25
RBC GIC 2,151,882.00 2,151,882.00 5.10% 1097 23-Nov-22 24-Nov-25
TD GIC 2,750,000.00 2,750,000.00 5.10% 1097 23-Nov-22 24-Nov-25
Canadian Western Bank 1,993,647.37 2,000,000.00 3.86% 878 25-Nov-22 21-Apr-25 Apr 21 & Oct 21
TD Mortgage GIC 2,750,000.00 2,750,000.00 5.10% 1096 01-Dec-22 01-Dec-25
TD Bank 2,441,327.77 2,482,000.00 2.67% 740 31-Aug-23 09-Sep-25 MAR 9 & Sep 9
TD Bank GIC 1,032,570.00 1,032,570.00 5.10% 1096 10-Nov-23 10-Nov-26
TD MTG GIC 2,000,000.00 2,000,000.00 4.35% 1461 05-Jun-24 05-Jun-28
TD PAC MTG GIC 2,023,000.00 2,023,000.00 4.25% 1826 05-Jun-24 05-Jun-29
CIBC Protected Notes 3,000,000.00 3,000,000.00 6.20% 1830 07-Oct-24 11-Oct-29
TD MTG GIC 2,261,767.00 2,261,767.00 3.70% 1095 02-Dec-24 02-Dec-27
TD Bank GIC 2,261,767.00 2,261,767.00 3.70% 1095 02-Dec-24 02-Dec-27
CIBC Protected Notes 2,000,000.00 2,000,000.00 5.75% 1825 03-Dec-24 02-Dec-29
Total Long-term 99,335,774.14 99,382,799.00
Total External Investments 202,778,504.14 202,825,529.00
Interfund Investments (Internal Loans)
Development Charge Reserve Fund 1,404,254.80 3.65% to 5.50% various various various
Total as at December 31, 2024 204,229,783.80
Investment Account Overview
Comparative Returns 2024 Annual Return
City of Pickering Portfolio 4.99%
CIBC Cdn T-Bill Premium Class 4.40%
Morningstar Canadian Money Market Fund Index 4.16%
Attachment 3 to Report FIN13-25
Attachment 4 to Report FIN13-25
TD Wealth
Private Investment Advice
Your performance report
January 1, 2024 to December 31, 2024
Account number: 7AS047
Account type: Consolidated Canadian
Account currency: Canadian dollars
Your Investment Advisor
Bill MacMillan THE CORPORATION OF THE CITY OF 416-944-6857PICKERING 79 Wellington Street West, 11th FloorATTN: MS.KRISTINE SENIOR Toronto, Ontario M5K 1A11 THE ESPLANADE
PICKERING ON
L 1V 6K7
Last 12 months Since Aug 29, 2013
(Jan 1, 2024 -Dec 31, 2024) (Aug 29, 2013 - Dec 31, 2024)
Performance reporting beginning balance $32,321,463.39 $0.00 - - - -.. ------- - . - - - - -- - - - - - - - - . - -..Deposits including transfers in $0.00 $50,138,556.16 .. - -................................ ····· .. --.. ---·· .. --- - - - - -----· ..... .
Withdrawals including transfers out -$33,097.47 -$20,876,795.39
Change in value of your account $1,741,064.72 $4,767,669.87
Performance reporting ending balance $34,029,430.64 $34,029,430.64
How your account has performed Your personal rates of return
Your account has changed in value by $4,767,669.87 since as of Dec 31, 2024
Aug 29, 2013.
433,000
946,400
59,800
973,200
86,600
$0
Your invested capital (deposits less withdrawals):
For the last For the last For the last For the last Since $37,12 months 3 years 5 years 10 years Aug 29, 2013
(%) (%) (%) (%) (%)
$29,5.39 4.26 3.67 2.95 2.86
$22,4 Personal rate of return reflects the total percentage return earned on the investments
held in your account. Total percentage return means the cumulative realized and
unrealized capital gains and losses of an investment, plus income from the investment,
over a specified period of time, expressed as a percentage. $14,
Personal rate of return is calculated using a money-weighted methodology. Unlike
alternative rate of return methodologies, it takes into account any deposits or
withdrawals you have made, and the performance outcomes of your investments over a $7,4 specified time period, net of fees and charges paid directly by this account. Rates of
return are provided on an annualized basis except for any returns reflective of a period of
less than one year.
This historical data offers you a longer term perspective about your account's
performance and progress towards your goals.
since Aug 29, 2013: $29,261,760.77
Market value of your account as of Dec 31, 2024: $34,029,430.64
Your invested capital is calculated based on the deposits less withdrawals of cash and/or securities, and for accounts that were opened prior to Jan 1, 2012 the market value of your account at that time was used to determine the opening invested capital value. Deposits or withdrawals of securities into your account use the closing market value of each security to calculate the value of the contribution or withdrawal taking into account
any applicable fees or charges. It does not include interest earned or reinvested distributions. Invested capital can appear as a negative number ii the market value of
your withdrawals is greater than the market value or your deposits.
Reg
Can
RegTD Waterhouse Canada Inc.
Member -Canadian Investor Protection Fund
ulated by CIRO
adian Investment
ulatory Organization Page 1 of 3