Tag: "Recession"

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2009 costliest year ever for bank failures

View the video here on your mobile device. According to its own estimates, the US Federal Deposit Insurance Corporation will see losses exceeding $36 billion owing to the 140 banks that failed in 2009. By comparison, those losses will eclipse the total dollar amount of the losses the FDIC incurred during the six years spanning [...]

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Real estate market likely to remain strong

View the video here on your mobile device. A new Royal LePage survey predicts Canada’s residential real estate market will remain unusually strong through the first half of 2010. The real estate firm says as confidence in the economic recovery grows, average prices are expected to continue to increase. Royal LePage executive Phil Soper says [...]

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Increased optimism on economy

View the video here on your mobile device. More than half of Canadians surveyed recently for the Economic Club of Canada expect the economy will improve this year. The Pollara Strategic Research survey in December found 54 per cent of Canadians expect the economy will improve in 2010. That’s a far more optimistic reading than [...]

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Investors relying on registered savings

View the video here on your mobile device.  new Scotiabank study on how the slow economic recovery is influencing Canadians’ investment strategies indicates investors are increasingly holding savings in registered accounts. Two-in-five investors surveyed – or about 40 per cent – say they are holding all of their savings in a registered plan. That compared [...]

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Top CEOs made an of average $7.3M in 2008

View the video here on your mobile device. A new report says Canada’s 100 highest paid CEOs pocketed an average of $7.3 million in 2008 – the year Canadians were hard hit by the emergence of the worldwide recession. Economist Hugh Mackenzie of the Canadian Centre for Policy Alternatives says those salaries were 174 times [...]

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Reinsurance rates decline at renewal

View the video here on your mobile device. Reinsurance rates across most lines of property catastrophe business declined at the January 1, 2010 renewal, according to a briefing released by Guy Carpenter & Company.   The report shows Guy Carpenter’s World Catastrophe Rate on Line – or ROL – Index declining by six percent at [...]

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What’s the buzz?

“At the end of the day,” “it is what it is”: The workplace is overwrought with clichés, buzzwords and industry jargon, often preventing “synergy” between co-workers. Terms and phrases like these are among the most overused in the office, according to a recent Accountemps survey, and do not offer a “value proposition”. The survey was [...]

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