Nearly half of Canada's baby boomers are still paying down their mortgage while trying to build retirement savings, according to a new poll.
Canadian students are worried about having enough money for school and significant debt on graduation day.
It’s been a dramatic week with the U.S. credit downgrade and the anxiety in Europe providing the two main acts. And as the stock market rollercoaster prepares to take a weekend break, dizzy investors are looking for some clarity on what’s happening and some perspective on what’s in store for them next week and beyond. […]
Having narrowly escaped the U.S. debt default blow, the holders of municipal and state bonds were only beginning to breathe easy when the credit rating downgrade rekindled their worst fears. A haircut for these investors may now be inescapable as state and local governments brace for unprecedented budgetary challenges. There could be some blowback on […]
As nervous investors grapple with the U.S. credit rating downgrade and the resultant market uncertainty and panic, the world continues to be reshaped. With renewed vigour, advocates of emerging markets are pointing out deteriorating debt metrics in the developed world, contrasting it with improving debt metrics in much of the emerging world. “There’s going to […]
The historic decision by Standard & Poor’s to downgrade the U.S. credit rating may have created scandalous headlines, but currency markets were quick to price it in—shockingly in favour of the greenback. And that trend may continue, according to industry participants in the Canadian financial market. From a currency standpoint, the first-ever downgrade of the […]
Notwithstanding better-than-expected U.S. job data, fears continue to grow that the U.S. economy is slipping back into recession. Coupled with the untamed Eurozone debt crisis, that fear is weighing on the global economy. As the curtain came down on America’s manufactured debt default drama, the veil lifted on a slew of grim global economic data. […]
Back to Almost There home page Ongoing market volatility and global unrest continue to leave Canadians feeling unsettled about retirement, according to the most recent results of the Russell Financial Health Index. The second quarter reading of the online tool shows financial health has declined to the lowest level since inception in late 2008. The […]
Canaccord Financial today announced it has forged partnership with BGF Equities which will result in an expansion of its operations into Australia and Hong Kong. The partnership entails the acquisition of a 50% equity interest in BGF Capital Group Pty Ltd (commonly known as BGF Equities), one of the fastest growing boutique equities advisory firms […]
Debt Crisis Update Obama calls for action Congress divided ahead of default deadline Raise the ceiling or else? Economic stats, U.S. bickering batters TSX There are many ways to interpret the ongoing U.S. debt ceiling crisis. Many in the Canadian financial industry feel it’s a pointless production before an inevitable resolution. “This is nothing but […]