25 years ago the missing link between humans and monkeys was unearthed by an amateur fossil hunter. With no one knowing the value of the discovery, the remains of the 45-million-year-old lemur were hung on a collector’s wall. They remained there for 20 years. Eventually, the lemur or “Ida”, as she is now known, found her way into the proper hands and since has been used to prove the theory of evolution.
According to a CIBC poll, there are two financial concerns weighing on the minds of Canadians: paying down personal debt and saving for retirement.
Rising personal debt loads and insufficient retirement savings seem to be pointing to the fact that financial literacy education should start at an earlier age in Canada.
At the risk of saying I told you so…I told you so!
Here's some news to reassure Mark Carney: nearly two thirds (64%) of higher income Canadians plan to reduce their debt levels over the coming 12 months.
Economists say that Bank of Canada governor Mark Carney isn't going to increase interest rates tomorrow.
A recent series of surveys from TD Bank revealed some interesting differences between boomers and their debt across our country. Regardless of the liability landscape from coast to coast, the overarching conclusion of the national study was that 57% of boomers still had a mortgage. What I thought was more interesting was just how much […]
Canadians owe a record $1.01 trillion through their mortgages, an increase of 7.6% over last year. But most appear comfortable with their debt load, according to the Canadian Association of Accredited Mortgage Professionals (CAAMP). The organization’s sixth Annual State of the Residential Mortgage Market report found that 84% believed they could handle an increase of […]
As the global economy completes is latest weak lap around the track, worries abound on different sides of the stands—on one, concerns focus on deflation; while the other side frets about inflation. But the real worry may be that policymakers are treating a solvency problem like a liquidity problem. Liquidity means central banks are injecting […]
Wishing on a star might fill your clients with hope, but when it comes to debt reduction, its probably not going to do the trick. More than two-thirds of Canadians (69%) rank “debt-freedom” as one of their top financial goals, but nearly half feel they have lost ground in this regard, according to a national […]