Industry News

Briefly:

The unfortunate events of the past year may lead to some good. One third of Canadian workers and retirees (33%) claim to have improved their saving habits over the past year, according to Desjardins Financial Security’s 2009 Rethink Retirement survey. More than half of all retirees (53%) saw their savings and investments shrink, compared to […]

By Staff |December 11, 2009

4 min read

Some clients are changing retirement plan

When the credit crisis swelled a year ago, the first phrase on a lot of clients’ lips was, “What will this mean for my retirement?” A year later, investors have reached something resembling acceptance, with many advisors being told clients plan to remain in the workforce an extra year or two, or will be adjust […]

By Philip Porado |December 11, 2009

3 min read

PM market numbers: December 11, 2009

The Toronto stock market closed lower Friday, with losses particularly heavy in the telecom sector after the federal government opened the wireless business to a new competitor. The S&P/TSX composite index fell 40.64 points to 11,423.93, for a loss of 86.87 points or 0.75% this week. Other data showed U.S. retail sales rose 1.3% in […]

By Staff |December 11, 2009

2 min read

Briefly:

Could be the early impact of the eggnog, but American consumers are feeling more confident heading into the holiday season, according to the latest RBC CASH (Consumer Attitudes and Spending by Household) Index survey. Consumer confidence has been declining throughout the fall, but the December reading of the CASH Index is up nearly 8 points […]

By Staff |December 10, 2009

2 min read