The Japanese trade deficit ballooned in July to 517 billion yen and the country has one of the highest debt loads of any developed country.
Debt is an ongoing issue, and one that’s not restricted to any age group. A recent CIBC poll found 59% of retirees are in debt. Read: Too many boomers retire with debt Meanwhile, one-third of students are feeling anxious about their finances, says TD. And it’s no wonder. The average debt of a university student […]
The S&P Growth Index—a key benchmark for U.S. growth stocks—has risen to its highest level in more than a decade. But, while investors have pulled their heads out of the sand, the economy is lagging behind.
Do your clients take out payday loans? Probably not. But many of your wealthy clients might be applying for something even more dangerous—an overdraft.
More than half (60%) of retired Canadians continue to hold debt, finds a CIBC poll. Retired Canadians hold less debt than those currently working, but they’re less likely to be accelerating debt repayment. “Their debt could be stagnant and may end up costing them more in interest over a longer period of time,” says Christina […]
Growth of Canadian non-mortgage debt has dropped 30% over the last year, says Equifax Canada’s National Credit Trends report. The report states credit card balances are decreasing, while other credit products such as bank loans and lines of credit showed only moderate growth compared to 2011 levels. Total consumer non-mortgage indebtedness in Q2 2012 increased […]
High-grade corporate bonds are better investments than government securities, argues John Braive, vice chairman of CIBC Asset Management.
Consumer or personal insolvency can befall anyone. As an advisor, you’re best suited to spot troubling patterns in your clients’ financial behaviour. That’s the first step to steering them away from the brink.
Sometimes I feel like we need a new word for debt—it seems advisors worry that if they discuss debt, they’ll attract clients with more of it.
Yesterday, Mark Carney spoke about the state of the global economy in Halifax for the Atlantic Institute for Market Studies (AIMS).