News and resources for Canada's top financial advisors
Economic Indicators
Everybody wants to know where the bottom is these days. Happily, analysts are beginning to say preconditions for a recovery are slowly coming into place, but they also say repairing the damage done by a bear market takes time and this current uptick is beginning to look a little long in the tooth. Andy MacLean, […]
By Kate McCaffery |April 20, 2009
4 min read
Behavioural economists are having a field day with the market meltdown, as traditional cost-benefit analysis and self-interest give way to more penetrating insights about how people can be systematically wrong — and how small acts can lead to broader failures. “This whole thing with the market falling was very good for us,” says Dan Ariely, […]
By Scot Blythe |April 16, 2009
5 min read
The latest upturn in the stock markets is likely unsustainable in the near-term, as the global economy remains weak and corporate earnings have yet to recover, according to the latest investment strategy report from CIBC. “March’s horrible jobs numbers and onerous debt levels suggest U.S. consumers — a key driver of past recoveries — continue […]
By Steven Lamb |April 13, 2009
3 min read
Canadians appear to be regaining their confidence in the financial markets, according to a survey by Manulife Financial, with improved sentiment toward eight out of ten investment options. Whether this optimism will hold is another question. “Canadians generally suggested they favoured safer havens over the past six months, but a number of indicators seem to […]
By Steven Lamb |April 8, 2009
Advisors may want to brush up on their history, with a close focus on the 1980s. The wholesale banking arm of CIBC is predicting a spike in inflation down the road, as policymakers around the world embrace quantitative easing in battling the economic recession. While the threat of hyperinflation is greatest in the U.S. and […]
By Steven Lamb |April 6, 2009
The province of Ontario will face a massive deficit over the next seven years, as the government struggles to right the economy. Finance Minister Dwight Duncan has projected a massive $56.8-billion deficit over seven years, as the province’s coffers are drained by falling revenues and rising stimulus spending. “The global crisis has reduced our government’s […]
By Steven Lamb |March 26, 2009
The Quebec government tabled its budget yesterday, reintroducing the Quebec Stock Savings Plan (REA). First launched in 1979, the REA was replaced in 2005 by the SME Growth Stock Plan, also known as “Hooked SMEs.” REA II, as the program is known officially, is essentially a rebate on the Hooked SMEs program. It affects shares […]
By Claude Couillard |March 20, 2009
The U.S. Federal Reserve has announced it will buy up to $300 billion in longer-term treasury bonds, in the central bank’s latest effort to shore up the American economy. “To provide greater support to mortgage lending and housing markets, the committee decided today to increase the size of the Federal Reserve’s balance sheet further by […]
By Staff |March 18, 2009
2 min read
With another week comes another group of economic forecasts calling for “worse than expected” declines in the both the global and Canadian economies. Given the their reliance on export markets, Canada’s two most populous provinces — Ontario and Quebec — are going to be hit a lot harder than others. Economists continue to trim their […]
By Mark Noble |March 17, 2009
Canadians shouldn’t be too quick to think of an early end to the present downturn, says Canadian bond rating agency DBRS. It’s only just begun. “We don’t want to be alarmist, but we do want to highlight why we think this is a very serious recession,” says DBRS co-president Peter Bethlenfalvy. “We’re a small open […]
By Scot Blythe |March 12, 2009
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