Industry

Household debt high, but not dangerous

Reader Alert: This editorial is in response to Stephanie Holmes-Winton’s March16th column ‘What debt issue?’. Household debt in Canada is at record levels, but the situation is not as dire as some reports have suggested. While average household debt is $112,000, assets are also at record levels and net worth will increase as the economy […]

By Helmut Pastrick |March 18, 2011

3 min read

Desjardins extends offer for Western prefs

Desjardins Financial has extended the deadline on its offer for preferred shares of Western Financial Group to 5 pm on April 15. The new deadline matches the date that Desjardins expects to receive approval from the Federal Minister of Finance for its takeover of Western. All other terms of the offers remain the same and […]

By Staff |March 18, 2011

1 min read

Russell changes U.S. equity subadvisors

Russell Investments Canada has announced changes to the sub-advisors on the Russell US Equity Pool and Russell US Equity Fund. Regarding the pool, Schneider Capital Management, Suffolk Capital Management, Legg Mason Capital Management and Russell Implementation Services in respect of Russell Select Holdings only, have been removed. Levin Capital Strategies has been added as a […]

By Staff |March 18, 2011

1 min read

Analysts grapple with Japan, Mid-East

As the cascading effects of ongoing geopolitical strife in the Mid East and the two-pronged trail of destruction in Japan continue to unfurl, financial pundits scramble to gauge the extent of their impact on the global economy and Canada’s portion of woes. “From a Canadian perspective there clearly will be an impact I terms of […]

By Vikram Barhat |March 18, 2011

4 min read