Canadians are taking a carefree approach to spending. Only 29% keep track of fixed expenses, such as mortgage, rent or car payments, while 32% don’t track expenses at all, finds poll by Edward Jones. And with the Canadian household debt-to-income ratio reaching new highs, it’s even more important to watch where your spending. According to […]
With bond sales figures for 2012 hitting $1.4 trillion, the bar has been set rather high for 2013. And while the recent deals about the U.S. fiscal cliff and the Euro have infused some vigour in the market, investors are concerned this may mask the issue of inadequate supply of high-yielding assets, says a report […]
The financial planning world loves long-term goals. But short-term goals are the highest motivators for clients.
Justin Bieber may not know the exact number of zeros in his bank account, but he’s no slouch when it comes to money management.
Criticism of the fiscal cliff bill just got fiercer with noted U.S. economist and commentator Nouriel Roubini deciding to weigh in on the deal. In an opinion piece for the Financial Times, Roubini, widely known by the sobriquet Dr Doom, declares the U.S. has been let down by its political leadership. “A deal that extends […]
Canadians have again named paying down debt as their top resolution in 2013.
While some people try to shed a few pounds gained over the holidays, Canadians should also start the new year making sound financial resolutions. According to the 2012 BMO Holiday Spending Outlook, 12% of Canadians plan to borrow during this period and indicate this is the only time of the year where they spend beyond […]
Institutional investors have been looking for yield in all the wrong places.
The Financial Times reports that S&P has downgraded the outlook on the UK's triple A rating to "negative," stemming from concerns over a weak recovery and less-than-stellar improvements to public finances.
CNBC.com reports Senate Majority leader Harry Reid says a resolution to "fiscal cliff" negotiations is unlikely before Christmas.