News and resources for Canada's top financial advisors
Economic Indicators
No one likes to lose money. But if you make a bad financial decision, it can set you back a hefty penny or two. In the U.S., for example, the average mistake costs $23,000, reports MoneyWatch. While investing isn’t foolproof, there are some steps you can take to avoid potential losses. Read: Mind those mistakes […]
By Wire services |October 11, 2012
1 min read
Canadians have been working hard in 2012 to reduce their debt levels. In fact, 26% have no personal debt, up from 22% in 2011, finds RBC. Further, 51% say it’s more important to pay down debt than save or invest in the future, up from 49%. Read: Canadians focused on reducing debt “It’s encouraging the […]
By Staff |October 10, 2012
The next U.S. president will have some tough decisions over the coming years, said Wells Fargo chief economist John Silvia at a recent TIGER 21 event. “[He will] have to come to grips with the economic situation,” said Silvia. “It will become clear as ever that there is no way to pay the bills.” Read: […]
3 min read
The SEC alleges four brokers overcharged customers $18.7 million.
4 min read
Republican presidents have traditionally favoured low interest rates.
Scandal-ridden LIBOR may be losing its benchmark status now that a smaller group of banks are the ones setting it, reports Bloomberg. Read: Should LIBOR be scrapped? Submissions by Bank of America Corp., Citigroup Inc., Bank of Tokyo Mitsubishi UFJ Ltd., RBC, and Sumitomo Mitsui Financial Group Inc. have been used in setting the rate […]
By Wire services |October 9, 2012
Fast growing economies, including China, India, and Brazil, are slowing in the face of weak demand from western goods market countries.
October 9, 2012
Due to unstable markets, your clients are looking for yield opportunities. Patrick O’Toole offers tips on how to help them.
Minutes of the Federal Open Market Committee, the interest rate setting body of the U.S. Federal Reserve, indicate the latest round of stimulus was weighed carefully and that reducing unemployment has now become a higher-priority goal for the Fed.
October 5, 2012
2 min read
Interest rate guru James Grant is disgusted with the Fed.
By Melissa Shin |October 5, 2012
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