Economy

U.S. extends its tax reach

One in four financial institutions are unaware of impending U.S. tax legislation which will have global reach, according to a report by RBC Dexia Investor Services. Despite the fact that the U.S.’s Foreign Account Tax Compliance Act (FATCA) was passed in 2010, 26% of financial institutions worldwide have little or no awareness of the legislation. […]

By Staff |September 26, 2011

2 min read

No end for current malaise: Krugman

American economist and New York Times columnist Paul Krugman is offering a vague and mildly pessimistic near-term prognosis of the global economy, including a hint that Canada’s fate may yet follow that of the U.S.

By Jody White, Canadian Business |September 22, 2011

2 min read

Canadian investors flock to safe assets

No surprise: clients aren’t feeling bullish. From May 2002 to May 2011, investors pulled $29 billion from Canadian equity funds, according to Investor Economics.

By Melissa Shin |September 22, 2011

2 min read

Capital flees emerging markets

Global investors are offloading emerging markets assets for more liquid securities. How are you advising clients? capital exoduses since 2008. Deepening fears over global recession and Eurozone debt crisis have hammered emerging stocks, which have fallen 22% since August 1, creating the perfect opportunity for Canadian investors to make a structural shift of portfolio allocations […]

By Staff |September 22, 2011

1 min read