Industry

Briefly:

(October 29, 2008) The U.S. Federal Reserve has cut interest rates by 50 basis points, lowering the trend-setting federal funds rate to 1%. The discount rate now stands at 1.25%. “The pace of economic activity appears to have slowed markedly, owing importantly to a decline in consumer expenditures,” the Federal Open Market Committee said in […]

By Staff |October 29, 2008

1 min read

Cautious clients still contributing to RRSPs

While many clients are worried that their RRSPs will be affected by the market downturn, a new survey shows that most investors aren’t panicked enough to stop contributing to their registered savings account. A poll commissioned by Edward Jones revealed that 66% of Canadians won’t make any changes to their RRSP this year. “We thought […]

By Bryan Borzykowski |October 29, 2008

4 min read

Assessing the board

The board of directors is the highest governing authority within the management structure at any publicly traded company. The primary responsibility of the board is to protect the shareholders’ assets and to ensure a decent return on their investment. Yet, most investors do not take into account the importance of the board. This lack of […]

By Romana King |October 28, 2008

7 min read

Briefly:

(October 28, 2008) If anyone was in denial that Canada’s economic fortunes were heading south, a new Scotiabank Commodity Price Index report proves that things north of the 49th aren’t so rosy. The report reveals that the index, which measures price trends in 32 of Canada’s major exports, dropped for the second consecutive month. It […]

By Staff |October 28, 2008

1 min read