Originally from our sister publication, Advisor.ca. There’s yet more evidence that Canadians are clueless about when they might realistically be free of debt. And the current low interest rate environment is to blame for that, according to consumer debt survey by Manulife Bank of Canada. Survey results indicate more than one in three Canadian homeowners […]
For many Canadians, the ‘golden years’ could be a distant dream. According to a survey by the Canadian Payroll Association (CPA), 40% of Canadians said they will have to retire later than they previously planned. The primary reason: They are not saving enough. The survey found the majority of Canadian workers are living paycheque to […]
Watch this video The past decade has brought enormous changes in the global investment landscape, says Scott Berg, portfolio manager, global large-cap strategy with T. Rowe Price. He cites the tech bubble, Sept.11, housing booms, the global financial crisis and Japan’s earthquake as just a few of the events that have impacted the investment environment. […]
A new report from the Washington, D.C.-based Employee Benefit Research Institute (EBRI) suggests baby boomer and generation X households who have DB pension plans are more likely to be able to fund basic needs and uninsured health costs. According to the non-partisan organization’s report, these households are 12% less likely to be “at risk” of […]
Originally from our sister publication, Advisor.ca. Canadians fancy themselves as being debt-free in the next decade and are aggressively paying down debt, but a new study reveals they may be unrealistic about the age by which they expect to have paid their financial dues. A recent CIBC poll notes that on average, Canadians holding some form […]
The average Canadian is eager to retire by the age of 61, but nearly half (48%) do not feel they are financially prepared for a satisfactory retirement, according to an Ipsos Reid survey conducted for HomEquity Bank. The survey polled 1,054 Canadians ages 45 to 60. Debt is a major factor affecting the financial stability […]
Originally from our sister publication, Advisor.ca. There are many ways to interpret the ongoing U.S. debt ceiling crisis. Many in the Canadian financial industry feel it’s a pointless production before an inevitable resolution. “This is nothing but a show,” said David L. Fingold, lead portfolio manager of the Dynamic Global Discovery Fund. “This is a […]
A $2 billion debt relief proposal under consideration by the Icelandic government is being blocked by the Icelandic Pension Funds Association, which holds most of the country’s mortgage debt and has assets of about $16 billion, according to a Bloomberg report. Led by the Interest Group of Homes, the proposal states that lenders should write […]
Canadian Pacific issuing notes in U.S. this month.
Manulife Asset Management favors Indonesian, Philippine and Brazilian local currency corporate bonds.