Having been taken hostage, the world is waiting with bated breath for the outcome of today's vote on a newly modified plan in the hope that a compromise will be reached by the U.S. politicians over raising the country’s $14.3 trillion borrowing limit by the August 2. But the world's also got a nervous eye on the possibility of the current impasse remaining unresolved pushing the U.S. into debt default.
The global financial community is counting down the days till August 3 when the deadline for raising the U.S. debt ceiling expires.
One of life's grim ironies is that the point of maximum wealth often comes at an age when the ability to manage finances begins to go.
Unprecedented geopolitical and economic changes have left a trail of destruction, but they’re also breeding new investment opportunities around the world. A panel of investment pundits discussed where those opportunities lie and how to capitalize on them at Franklin Templeton’s 2011 Investment Forum, in Toronto. Discussion rarely strayed far from the usual suspects: the debt […]
Two studies within a span of one week indicated DIY investing is really taking off in Canada. From an advisor’s perspective, the trend raises some alarm. The vast majority (85%) of online investors are using their online investing accounts for either long-term goals or a combination of long-term and short-term ones, according to the latest […]
As an underinvested and overambitious nation, India continues to emerge as one of the most promising investment destinations in the world. For investors who missed the boat on China, India could provide a second chance for high-growth, said Serge Pepin, head of investments, BMO Investments Inc. “We believe India has a bright future with its […]
Gold on a record-breaking roll! Gold hits record high! Gold Keeps Climbing! Newspapers around the world are running screaming headlines as the fickle yellow metal continues its longest winning streak in modern memory. The timing, therefore, couldn’t be better for some sobering advice to bedazzled gold bugs. Somewhere lost in the rush for gold is […]
Newcomers to Canada are increasingly becoming an important client base for the Canadian financial services sector. Financial institutions are scrambling to roll out the red carpet to about 250,000 people arriving in Canada from around the world. Most banks, for instance, are aligning their services and offers with the newcomers’ hopes and dreams of building […]
Unlike their counterparts in the U.S. and elsewhere, Canadian HNW investors are seen by experts as a disciplined lot, with a tighter grip on their emotions when it comes to investing decisions. According to a new study by Barclays Wealth, based upon a survey of 2,000 wealthy people in 20 countries around the globe, the […]
Inflation, a global concern, is almost everywhere considered to be a monetary phenomenon. In reality, money is not what really drives inflation. “It’s fiscal pressure and bankrupt governments,” said Dylan Grice, global strategy research analyst with Société Générale. He was speaking at the CFA Institute’s annual conference in Edinburgh, Scotland, earlier this year. Most of […]