Tag: "Economy"

0

Insurance activities fuel Q4 financial sector profits

By on Feb 24, 2011 in Canadian Economy, Canadian Insurance

Canadian corporations earned $65.5 billion in operating profits in the fourth quarter, up 7.9% from the previous quarter. Increases were widespread across the economy, as 19 of 22 industries reported higher profits. Statistics Canada says that non-financial sector profits increased 7.3% to $49.6 billion, while in the financial sector, profits rose 9.5% to $15.9 billion. In the non-financial sector, three industries (manufacturing, primarily petroleum and coal manufacturers; oil [...]

3

Working in a multi-generational office

By on Jan 10, 2011 in Ask The Expert, Featured, In The Office

View the video here on your mobile device. The next time you are thinking about how little the respect the younger generation pays, or how slow members of the older generation are, stop and take a look around your office. Recent human resources studies have found that Canadian workplaces now employ up to four generations. [...]

0

Canada’s young workers: the group the economic recovery left behind

By on Dec 20, 2010 in Canadian Economy

Young workers got the worst of the recession, and now they’re getting the least from the recovery. Employment in the 15-to-24 age group remains 228,000 shy of pre-slump levels. In contrast, Statistics Canada figures show that the overall economy has 33,000 more jobs than when the 2008-2009 slump began. What’s more, there evidence that young [...]

0

Liberty Mutual unit delays IPO of subsidiary, price target would have made it year’s largest

By on Oct 06, 2010 in International Insurance

The insurer Liberty Mutual says that it is delaying the initial public offering of a subsidiary that could have been the largest U.S. IPO of the year. Liberty Mutual Group Inc., based in Boston, cites the weak economy, volatile stock market and “undervalued” prices for stocks of property and casualty insurers for the delay. It [...]

0

Financial planning can help boost optimism: FPSC

By on Jul 02, 2010 in Financial Planning

Canadians who have engaged in comprehensive, integrated financial planning are significantly more optimistic about their personal wellbeing as compared with those who have not. People with these types of plans also feel better prepared to deal with financial emergencies and manage through difficult economic times, and are more confident about reaching a wide spectrum of [...]

0

Budget deficit may be below projection

By on Jun 07, 2010 in Canadian Economy

Early numbers indicate Canada’s budget deficit for the year will come in well below the $53.8 billion figure Finance Minister Jim Flaherty projected in his March budget. The shortfall between April 2009 and March 2010 was $47 billion, the Finance Department said on May 28 in its Fiscal Monitor. However, it cautioned that the official, [...]

0

Gov’t moves to create securities regulator

By on Jun 02, 2010 in Canadian Government

On May 26, the Government of Canada released the proposed Canadian Securities Act, marking a key step towards a long-standing commitment to establish a Canadian securities regulator. In a press release, the Department of Finance said: "Reflecting the Government’s willingness to work collaboratively with provinces and territories, this is a voluntary regime, which enables provinces [...]

0

Recession didn’t slow down Canadian’s spending

By on May 21, 2010 in Canadian Economy

A new report concludes that Canadians are among the most indebted people living in advanced countries. The report by the Certified General Accountants Association of Canada finds that household debt reached $1.41 trillion in December 2009. That’s $41,740 on average per Canadian and is worst among 20 advanced countries in the OECD, including Greece. The [...]

0

Canada can deal with any EU fiscal fallout

By on May 20, 2010 in Canadian Economy

Canada’s finance minister says the latest effort to contain a spreading government debt crisis in Europe, shore up the Euro and prevent the global economic recovery from derailing is “comprehensive and credible.” Jim Flaherty spent time on the phone with many of his foreign counterparts as they discussed the latest economic crisis and the European [...]

0

Rising costs, HST and higher interest rates

By on May 11, 2010 in Canadian Economy

The introduction of the harmonized sales tax in two of Canada’s largest provinces and a wave of other new expenses could take a toll just as Canadians begin to feel confident about opening their wallets again, experts say. Shoppers in British Columbia and Ontario started paying the HST on May 1 on a number of [...]

0

Economy won’t return to full capacity until 2014

By on May 10, 2010 in Canadian Economy

The Conference Board says Canada has about four years to prepare for the economic shock of the retiring baby boom generation. In a long-term outlook released on April 28, the Ottawa-based think tank says Canada’s economy will grow rather robustly between now and 2015, more so than the Bank of Canada estimates. But that is [...]

0

Month over month mutual fund sales slow

By on Apr 30, 2010 in Canadian Economy

For the first time since mid-2008, Canada’s mutual fund operators had more than $600 billion of assets under their care at the end of March, following another month of net sales to investors. Net sales – what’s left after subtracting redemptions by investors when they cash in their fund units – totaled $1.64 billion last [...]

0

A year of modest expectations for Canadian firms

By on Apr 22, 2010 in Canadian Economy

The Bank of Canada’s spring survey of businesses is providing further evidence that the economic recovery is taking hold, even as key decision-makers expect improvements will be gradual rather than robust. Canadian firms are saying they expect sales to increase modestly over the next year. They also plan to hire more workers and invest more [...]

0

Feds launching cross country pension consultations

By on Mar 31, 2010 in Canadian Economy

Finance Minister Jim Flaherty will ask Canadians how best to reform the country’s pension system. Flaherty has announced plans for a string of town-hall meetings, expert roundtables, policy conferences and public online consultations aimed involving a wide variety of Canadians in the discussion. Ottawa wants to sound out public opinion on the state of retirement [...]

0

Focus on personal savings for retirement: Dodge

By on Mar 29, 2010 in Canadian Economy

Stop buying those lattes or splurging on vacations. David Dodge, former governor of the Bank of Canada, says Canadians need to save far more if they want to retire comfortably – even those Canadians who think they have great company pension plans and solid RRSPs. In a study on savings for the C.D. Howe Institute, [...]

0

Dollar may hit parity with US currency this summer

By on Mar 19, 2010 in Canadian Economy

Expectations of higher interest rates and investor demand for Canada will help drive the Canadian dollar past parity with the U.S. greenback by this summer, says CIBC World Markets. In a report, the investment bank notes the loonie has jumped above 98 cents US in recent weeks as investors expect interest rates to rise in [...]

0

TD Bank chief economist Don Drummond to retire

By on Mar 19, 2010 in Company News, Featured

View the video here on your mobile device. TD Bank chief economist Don Drummond plans to retire at the end of June. The prominent economic forecaster will be succeeded by TD’s deputy chief economist, Craig Alexander, and Drummond will continue to work as an adviser to TD Bank. Drummond, 56, said he always planned to [...]

0

Bankruptcies up more than 25% in 2009

By on Mar 12, 2010 in Canadian Economy, Featured

View the video here on your mobile device. Bankruptcies were up by more than a quarter last year, to almost 122,000. The Office of the Superintendent of Bankruptcy reports the total number of bankruptcies hit 121,801, an increase of 25.9 per cent over 2008. There were also 36,640 proposed bankruptcies, 38.5 per cent more than [...]

0

Financial Literacy Task Force launches website

By on Mar 05, 2010 in Canadian Economy, Featured

View the video here on your mobile device. Canada’s Financial Literacy Task Force is asking for input from citizens across the country on their financial needs and goals. The task force has launched a website where Canadians can ponder a string of questions about savings, debt and financial planning, and soon, the task force will [...]

Page 1 of 212