Despite signs of economic recovery, Canadian families are feeling financially insecure, says a study by the Vanier Institute.
As if the sandwich generation didn’t have enough to fret about, they now have to worry about their new insurance needs, too. And many don’t even know it.
Emerging markets. For mainstream investors, the term evokes memories of the past, when many of the largest countries in the emerging world experienced bouts of volatility, elevated borrowing costs, currency devaluations, high political risk and episodes of default.
When it comes to financial planning, younger Canadians are all about debt reduction, not retirement planning, says a new CIBC poll.
Forget shedding pounds, it’s saving dollars that’s an overriding priority for Canadians pondering a worthy New Year’s resolution, according to a poll from Investors Group.
The research tells us that a majority of workers, at all income levels, lack the basic financial knowledge and confidence needed to deal with complex financial issues and make sound financial decisions.
Canadians are eager to be debt-free, but they’re missing easy-to-implement opportunities to pay down their debts faster, says Manulife Bank. According to the bank’s recent consumer debt survey, 61% of Canadians have struggled to reduce their debts over the past year.
Women and men may agree on how to define financial success, but not necessarily on how to get there, according to the latest TD Waterhouse Women Investor Poll.
Canadians award themselves a B on their level of financial literacy, but say they need to learn a great deal more, according to research from Investors Group.
Plan sponsors need to take a holistic view to their members’ retirement savings and understand that at different stages in employees’ lives, they face different challenges, says Robin Pond, investment consultant with Buck Consultants.