We’re committed to making your practice better, so all this month, we’re delivering you a daily takeaway.
Luxury spending in Canada has increased since the recession, while spending in the U.S. and Europe has yet to reach pre-recessionary levels, says an American Express Business Insights study.
Your clients know the benefits of using credit cards, but what about their pitfalls?
We’re committed to making your practice better, so all this month, we’re delivering you a daily takeaway.
Almost half of Canadians (40%) are struggling to save, says the latest TD Canada Trust Report on Savings. They depend on loans, credit lines and family for extra funds.
Your clients have been approved for a mortgage. Everything looks good on paper, but you’re not sure they’re ready.
Almost half (49%) of debt-laden Canadians made at least one extra payment to bring down their balances last year, finds a new CIBC Poll. Still, most households fail to seek professional advice on proper debt management, says Christina Kramer, executive vice president of retail distribution and channel strategy at CIBC. “Canadians are more likely to […]
Bank of Canada Governor Mark Carney has pushed the country to take a serious look at both personal and national finances, says David Graham, vice president portfolio manager at CIBC Asset Management. As a result, we’re in a better position than most developed countries.
When volatility makes clients too shy to enter the markets, advisors need other topics to keep the conversations going until they are ready to invest.
On average, most Canadians currently holding a mortgage plan to pay it off by age 55, leaving a short window of opportunity to bulk up their retirement savings. However, many Canadians have achieved mortgage freedom by age 48. How'd they do it?