The Canadian dollar sold off for a third day today, amid data showing tame inflation and changing expectations for the timing of the next interest rate hike by the Bank of Canada. The currency was 0.31 of a cent lower to 99.4 cents U.S. as Statistics Canada said that Canada’s annual inflation rate was 0.8% […]
Chief economist John Greenwood says focus on the dividends.
Pension plan investors in Canada can except a slow start to the year but a strong finish, according to the country’s economists. They put in their two cents at the annual economic outlook presented by the Economic Club of Canada on Friday morning. Here’s a look at the effects in Canada, the U.S. and around the world.
Results from Mercer’s 2013 Fearless Forecast, an annual survey of Canadian and global institutional investment managers, show that those polled predict modest growth for the Canadian and global economies, lower equity and bond returns in all markets, and continued strength for the loonie against the U.S. dollar.
Many investors have been actively reducing their equity allocations in the wake of the global financial crisis. Investors had been heavily reliant on equity returns in the past, but with maturing pension plans, the market volatility of the past decade has been more than some investors can bear. Evidence suggests that the assets that left equity mutual funds in the wake of the financial crisis continues to rest in “safer” assets.
The Bank of Canada’s focus on transparency and credibility—and its ability to effectively communicate its actions—has helped drive the responsible financial habits of Canadians, said bank governor Mark Carney in a speech given Dec.11.
Sixty-three percent of Canadians are concerned that Canada’s economy will be hurt by the impact of the U.S. fiscal cliff (an unprecedented predicament created by a package of tax increases and spending cuts that could be implemented in the U.S. in the new year), Sun Life’s Annual Check-up Survey has found. “Along with high debt […]
Most investment professionals worldwide are optimistic about 2013, a new survey from the CFA Institute has found.
The Bank of Canada says low interest policies that it and other central banks have put in place are adding another layer of risk to the already stressed global financial system.
The Bank of Canada is keeping its trendsetting interest rate anchored at 1% for the remainder of the year, but is sending a message that it still believes the cost of borrowing in Canada will go up at some point in the future.