Economy

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