Investors tiring of equity volatility can take heart; the markets will stabilize in the second half of this year, marking the beginning of a “modest” recovery, according to a white paper released by Credit Suisse.
Thirteen years after the advent of the European common currency, the Eurozone has seen its first credit default by a member. The long-term and short-term debt of Greece was downgraded to “selective default” by Standard & Poor’s Ratings Services yesterday.
It’s an oft-quoted curse: May you live in interesting times. While the Canadian equity market seems far from cursed lately, it is going through “interesting times”—and the curse could be just around the corner.
Canadians are renowned for their conservative approach to their finances, but a recent survey from CIBC suggests our collective risk aversion might be putting our retirement dreams at risk.
Manulife Financial has announced the resignation of its chief financial officer, Michael Bell.
By now there’s little debate: the global economy is slowing. The deleveraging process has been slow, with business leading the way, followed by the consumer. That leaves only the government sector to clean up its balance sheet.
While Canadians are more confident about their ability to save for their retirement, pessimism has grown dramatically, according to a report by the BMO Retirement Institute.
BlackRock, Inc. has struck a deal to buy exchange traded fund (ETF) provider Claymore Investments from Guggenheim Partners, LLC.
A recent survey of Canadians found that 83% of those planning to make an RRSP contribution intend to contribute at least as much as they did last year. How much did Canadians contribute for the 2010 tax year? Not surprisingly, far less than they could have.
Originally from our sister publication, Advisor.ca. Blame it on an era of stagnant real wages: the majority of Canadians say they have no savings set aside “for a rainy day,” according to the October RBC Canadian Consumer Outlook Index. What’s worse, 30% said they are dipping into their existing savings to pay for everyday expenses […]