News and resources for Canada's top financial advisors
Economic Indicators
There’s a traders’ omen that suggests the month of January sets the tone for stock markets in the full year ahead. This seems reasonable since for the past 100 years, January’s performance has predicted the outcome of the full year 75% of the time. Not perfect, but the odds are decent.
By David Andrews |January 14, 2013
4 min read
The world’s market and economic situation is in better shape now than it was 12 months ago, says BMO Harris Private Banking’s latest Market Outlook Commentary Report. The study outlines several factors that have led to this positive outlook, including the economic accomplishments of policymakers in Europe, the U.S., China and Canada, ongoing recovery in […]
By Staff |January 14, 2013
3 min read
The Bank of Canada has released two business surveys this morning.
January 14, 2013
1 min read
The recent uptick seen in the equity market will remain steady and may even get stronger in the second half of the year, according to the country’s economists. They put in their two cents at the annual economic outlook presented Friday by the Economic Club of Canada. Here’s a look at the effects in Canada, […]
By Brooke Smith |January 14, 2013
The profit margins for U.S. banks have become wafer thin as the spread between their borrowing and lending rates has shrunk to the levels once seen in the 1950s. With the Federal Reserve’s keeping the interest rate at a historic low, banks are struggling to stay profitable, says a report in the Financial Times. Wells […]
U.S. lumber prices are rising, thanks to an increase in home building. Futures contracts for the resource for a March delivery are $380 per 1,000 board ft, after nearing $400 in late December, reports ft.com. This is the highest since mid-2005, before the housing downturn. Read more. For Canada, an increase in U.S. home building […]
By Wire services |January 14, 2013
Small businesses cut their payrolls less sharply than medium or large firms during the economic downturn, but they have been slower to ramp up hiring again, according to a Scotiabank Global Economic Research Special Report.
By Staff |January 11, 2013
The U.S. Vix index, which tracks investor expectations towards market volatility, has tumbled to a five-and-a-half year low, reports ft.com. This means investors may be less fearful, and more confident in their options. The low Vix also reflects the fact that central banks are seen as backstopping financial markets, lessening demand for downside protection, added […]
By Wire services |January 10, 2013
Continuing uncertainty about the global economy and measures the United States might take to deal with its budget deficit has pushed net optimism among North American CFOs in the fourth quarter of 2012 to its lowest level of the year, shows the Deloitte CFO Signals survey. The decline was particularly large in Canada, where net […]
By Staff |January 9, 2013
2 min read
Last year was a hard one for investors. But with 2012 behind us, here are some reasons investors can be optimistic this year.
By Staff |January 8, 2013
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