Your WP Morning Briefing brings you a daily update of the stories we’re covering at WealthProfessional.ca including:

• RBC Economics commentary notes that Canadians are spending significantly less and are feeling less confident and rich.
• A pilot scheme in Ontario recognizes the range of investment experience held by those who may fall short of requirements for accredited investor status.
• A sharp decline is expected for Canadian consumer spending over the next few quarters as steadily rising interest rates percolate into higher costs of purchasing homes and other large-ticket items.
• Talk of recession is not dampening the expectations of Canada’s small and medium sized businesses.
• Are calls for the richest in our society to pay more tax – on the basis of fairness - borne out by the data?
• Entries for Wealth Professional Canada’s Top 50 Advisors list will close this Friday, October 28. Enter Here.

These stories in full at wealthprofessional.ca and in our newsletters, plus: A smaller than expected interest rate hike brings opportunities for advisors; Bitcoin ETF tracker sees record losses in its first year; and does advice to ‘stay the course’ risk advisors’ credibility?