Industry News

Canada not immune to U.S. downturn

Slow down, don’t move too fast; we’ve got to make the money last — particularly since a new economic forecast, released today by TD Financial, says Canada’s economic slowdown is on par with our southern neighbour’s economic downturn. The projection by TD economists shows that Canada’s slowdown is occurring at the same time and to […]

By Romana King |March 19, 2008

3 min read

Options dwindle for burned investors

Investor advocates say a restructuring plan approval vote is looking to be the only chance left for 1,600 retail investors to try to recover the money they invested in non-bank-sponsored asset-backed commercial paper. Brian Hunter, a Calgary-based engineer, has $658,000 of his retirement savings frozen in ABCP in an account with Canaccord Capital. Hunter says […]

By Mark Noble |March 19, 2008

5 min read

Briefly:

(March 18, 2008) The U.S. Federal Open Market Committee has opted to cut its key Fed Funds rate by “only” 75 basis points. The Fed Funds rate now stands at 2.25%, while the discount rate has been cut to 2.50%. “Recent information indicates that the outlook for economic activity has weakened further,” the FOMC said […]

By Staff |March 18, 2008

3 min read

As retirement nears, expectations dim

Hope for a carefree retirement seems to be fading among Canadians as they approach the end of their working careers, according to survey results released today. For the majority of Canadians — 73% — the primary concern is just to maintain their current standard of living, according to a survey conducted by SECOR Consulting and […]

By Steven Lamb |March 18, 2008

2 min read