Industry News

Banks

Since the start of the credit crisis, there have been repeated pronouncements that Canada’s banks are sounder, better regulated than their global rivals and bound to pull through the recession relatively unscathed. To shore up their capital reserves, most of the Big Five have turned to preferred share offerings, and have had little trouble finding […]

By Steven Lamb |April 23, 2009

2 min read

Out of options, Bank considers printing money

Stunned by how badly the Canadian economy is performing, the Bank of Canada stated in its latest monetary policy report that is looking at fresh options to stimulate the economy, including quantitative easing — essentially plain old money printing. Canada has suffered a 7.3% contraction — the single largest quarterly decline in GDP since 1961 […]

By Mark Noble |April 23, 2009

4 min read

Briefly:

In a typical recession, the average Canadian usually trims as much as they can from their cash out-flows: consumers consume less and investors pretty much stop investing. But so far, the latter has yet to happen, according to a survey by global market research firm Synovate. “Some Canadians think that now is actually a good […]

By Staff |April 22, 2009

4 min read

Pension losses mount in Q1: RBC Dexia

Retail money managers tend to keep a close eye on what “the smart money” is doing. With pension funds holding billions of dollars, the advice they can afford typically qualifies. Pension fund managers extended their losing streak in the first quarter of 2009, after getting beaten up like the rest of the market in late […]

By Steven Lamb |April 22, 2009

2 min read