News and resources for Canada's top financial advisors
UBS has issued a strong outlook for the U.S. economy, citing strong durable goods orders, growing income and an excellent spending forecast. While durable goods orders were weaker in November due to a drop in aircraft orders, a rebound is expected. Increases in income and consumption are also forecasted for November in light of the […]
By Staff |December 21, 2010
2 min read
Federal Finance Minister Jim Flaherty appears set to discard the option of enhancing the Canada Pension Plan, heading into the meeting with his provincial counterparts in Kananaskis, Alberta. Last week Flaherty proposed a private sector solution to Canada’s future retirement funding crisis, which would allow workers without a pension plan to contribute to a pooled […]
By Steven Lamb |December 20, 2010
1 min read
As dollar-parity becomes more of a floor than a ceiling, Canada continues to lose its share of the U.S. import market. As conventional measures remain inapplicable, Canadian economists are suggesting radical moves to tackle the issue of an overheating loonie. The rapid rise in the value of Canadian dollar owing to foreign investors and central […]
By Vikram Barhat |December 17, 2010
3 min read
Canada continues to be a favourite parking spot for nervous money. Foreign investors acquired $9.5 billion worth of Canadian securities in October, according to a Statistics Canada report. Those flocking to Canada are largely taking refuge in Canadian bonds and stocks. The report said non-resident investors added $7.8 billion worth of Canadian bonds to their […]
By Vikram Barhat |December 16, 2010
2 min read
The Canadian economy will strengthen in the new year, although it will fall short of historical post-recession recoveries with growth held to just 3.2%, according to RBC Economics.
By Steven Lamb |December 15, 2010
2 min read
Here's some news to reassure Mark Carney: nearly two thirds (64%) of higher income Canadians plan to reduce their debt levels over the coming 12 months.
By Steven Lamb |December 14, 2010
2 min read
It was a gloomy economic outlook gift wrapped in the promise of a low interest environment. The temptingly titled Live with Low for Long speech by Mark Carney, governor, Bank of Canada, was anything but the Christmas gift it sounded like. Speaking at the Economic Club of Canada in Toronto, Carney said interest rates at […]
By Vikram Barhat |December 14, 2010
3 min read
Despite a broad rebound in markets during 2010, UBS has opted to extend its preference for risk assets by shifting back to an overweight in equities and retaining an overweight in credit within fixed income.
By Staff |December 14, 2010
3 min read
Canada's capacity utilization number for the 2010 third quarter was up rather smartly at 78.1% versus a revised second quarter's 76.9%, up from 76%. Although the rate of change is softer than previous quarters, it bested the street median forecast at 76.5% by a wide margin, as well as our own slightly more optimistic 76.6%.
By Staff |December 13, 2010
2 min read
On the topic of the global economy, UBS has taken a Darwinian approach.
By Staff |December 9, 2010
2 min read
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