Economic Indicators

Economic Indicators

Women will lead first-time homebuyers

Women (49%) are more likely than men (35%) to buy homes within the next two years, says an RBC Homeownership Poll.

May 14, 2012

1 min read

Economic Indicators

Dormant shell companies ripe for fraud

The Securities and Exchange Commission has suspended trading in the securities of 379 dormant companies—the most in a single day. The suspensions were done as part of SEC's efforts to ramp up a crackdown against fraud involving microcap shell companies.

May 14, 2012

2 min read

Economic Indicators

Morning roundup: JPMorgan exec resigns; Greece mulls Euro exit

We’re committed to keeping you and your clients up-to-date with global industry news. Every morning, we offer articles from around the web. Here are some selections: Top JPMorgan exec resigns JPMorgan’s chief investment officer, Ina Drew, resigned her post at the bank. Drew was one of the most powerful women on Wall Street and spent […]

By Staff |May 14, 2012

2 min read

Economic Indicators

France’s left turn wreaks havoc on markets

The lonely letter “x” marked a clear message for Europe’s political leaders in last weekend’s elections. French politics moved decidedly to the left, which will likely create turmoil in the Franco-German relationship and the delicate balance between growth and austerity. In Greece, voters couldn’t exactly agree on what they wanted but they spoke loudly and clearly about what they did not want.

By David Andrews |May 14, 2012

5 min read

Downgrade would have small impact: RBC

Canada's financial sector is ranked as one of the world’s best, says a Bloomberg Markets ranking that placed four of Canada's banks among the world's strongest. But, RBC also made Moody's tally of 17 banks and firms that may soon face downgrades to their long-term credit ratings.

May 11, 2012

2 min read

Help clients review their mortgages

A client’s mortgage has to suit his or her needs, and many factors must be considered when mortgages come up for renewal. Things to consider when refinancing a mortgage: Read: Mortgage repayment is possible: CIBC A recent BMO study found homebuyers want payment certainty for as long as possible. The majority (65%) of Canadians are […]

By Staff |May 11, 2012

1 min read

Global banks want to stop Moody’s

Banks face risks to their creditworthiness spurred by a tendency to load up on debt. The credit agency placed 17 banks on a review list for potential downgrading earlier this year. Power brokers on Wall Street and other financial centres are reportedly trying to change the mind of Moody’s before it pulls the trigger on […]

By Staff |May 10, 2012

1 min read

News Roundup: HSBC sells Latin ops; Fannie gains in Q1

HSBC to sell Latin America operations HSBC may sell operations in several Latin American countries; the move lets the company focus on core markets. Units being considered for sale are in Colombia, Peru, Uruguay and Paraguay. The bank provided no timeline for the potential divestments. Hedge fund managers bound to slip up The U.S. economy […]

By Staff |May 10, 2012

1 min read

Economic Indicators

Women will lead first-time homebuyers

Dormant shell companies ripe for fraud

Morning roundup: JPMorgan exec resigns; Greece mulls Euro exit

France’s left turn wreaks havoc on markets

Downgrade would have small impact: RBC

Help clients review their mortgages

Global banks want to stop Moody’s

News Roundup: HSBC sells Latin ops; Fannie gains in Q1

Spain to bail out failing bank

Europe recovery to remain difficult