Who knew that a drop in the Dow on May 6, 2010, would lead to a T-shirt emblazoned with “I survived the crash of 2:45 pm.”? James Allen, head of capital markets policy at the CFA Institute in Charlottesville, Va., certainly didn’t. But he found out about the “Flash Crash” soon enough. Allen was on […]
A new research report by Schroders—a global investment management company—says that Canada’s rapidly aging population will create challenges for future GDP growth if left unchecked. In the report, co-authors Virginie Maisonneuve, head of global equities at Schroders, and Katherine Davidson, research associate at Schroders, examine the economic effect of Canada’s retiring baby boomers. While Canada […]
Despite showing a marginal increase in personal income, consumer spending in the U.S. remains stalled as inflation continues to gnaw away at income gains. Chris Christopher, senior principal economist at Lexington, Mass.-based IHS Global Insight, expressed concern over the dwindling consumer spending pattern in the U.S. in a recent commentary on personal income and consumption […]
Consumer confidence may be on the rise in the U.S., but almost half of Americans believe it is more difficult now to find employment than it was a year ago, according to results from the March RBC Consumer Outlook Index. According to the index, which surveyed more than 1,000 Americans, 49% believe job hunting is […]
If you needed reassurance that Canadians do, in fact, need financial advice, it’s here. Despite a dominant belief that now is a good time to invest, Canadians are wary of entering the market. A new survey commissioned by Franklin Templeton Investments finds that bullish sentiment outweighs bearish sentiment by a ratio of four to one. […]
Deficits and debt reduction were the main topics of conversation at a Canada2020 sponsored event in Ottawa on Wednesday morning, featuring Chief Parliamentary Budget Officer Kevin Page and Jim Stanford, chief economist of the Canadian Auto Workers. The meeting was billed as a pre-budget debate, but with most economists expecting an “underwhelming” or “do nothing” […]
David Rosenberg, chief economist and strategist with Gluskin Sheff + Associates Inc., spoke passionately at the recent Foundation, Endowment & Not For Profit Investment Summit in Toronto about his views on the U.S. economy and investing in a deflationary environment. Rosenberg said that the message coming from the U.S. in this post-credit bubble bust is […]
National economists agree that the economy is poised for growth in 2011, but Canadians have a more reserved attitude, as was revealed at the Economic Club Outlook 2011 on January 6 in Toronto. Only 38% of Canadians feel the Canadian economy will improve over the next 12 months, compared to 54% who felt it would […]
World stocks are nearing their highest levels since September 2008, on optimism about global growth in 2011. On the last trading day of 2010 for many Asian, European and Latin American markets, the MSCI world stock index increased 0.14%, close to its September 2008 highs. World stocks gained 10% this year, emerging market stocks climbed […]
