Keeping you informed about COVID-19
At CST, our No. 1 priority is to help Canadians pay for post-secondary education with their RESPs. This hasn’t changed, and we’d like to offer some reassurance, in light of recent headlines on COVID-19’s impact on the economy and stock markets.
As you probably know (maybe it’s why you chose CST Spark in the first place), when it comes to your RESPs, we take a disciplined approach to investing. We spent time carefully and diligently creating CST Bright PlanTM and its investment strategy which slowly and systematically rebalances your investments and risk over time, more specifically as your child ages. It’s built specifically for RESPs.
Those with shorter time horizons, where your children are closer to high school graduation, has the asset allocation weighted more towards bonds to help hold the value of your RESP and soften any recent stock market volatility.
Understanding that economies and markets ebb and flow, those customers with longer time horizons, have more time to participate in the eventual market rebound through maintaining a diligent savings plan to build assets for their child’s future.
Although, market uncertainty remains a reality, it’s encouraging to see that there are positive signs of recovery beginning in China. Governments around the world, including Canada, are moving forward with measures to protect and support citizens through these challenging times.
As the creators of Registered Education Savings Plans almost 60 years ago, we at CST are prepared to navigate challenging situations like this one with resilience and trust. We remain committed to managing your investments in the short term and long term.
In the meantime, stay home and stay safe. And as always, if you have any questions, please don’t hesitate to call us at 1-800-461-7100. We’re here for you.