Burden of rising rates, inflation not shared equally
Declining wealth is likely to weigh more heavily in regions with higher debt loads, report says
- By: James Langton
- October 4, 2022 October 4, 2022
- 16:03
Declining wealth is likely to weigh more heavily in regions with higher debt loads, report says
Lower- and middle-income clients, as well as older ones, were more likely to want to sell
Easing energy prices offset food and core inflation
After a pandemic pause, inequality is growing as poor hit harder by downturn
Mutual fund and ETF investors view the advice they receive differently, IFIC survey finds
Helping clients establish a "hierarchy of withdrawals"
Debt underwriting down too, led by a plunge in high-yield offerings
The lack of openings this year comes as small businesses struggle with inflation and debt
A surprising number of workers younger than 65 are retiring early
Yet clients will need guidance in the medium term due to real estate-driven volatility and affordability pressures
Bankruptcies and debt restructurings were up sharply from last year
CFIB members' outlook aligns with expectations for a second-half slowdown, TD says
Canadians' personal finances have worsened, BDO survey suggests
The poor performance was the second consecutive quarter of economic contraction
Some banks expect third-quarter growth of about 1%
Winnipeg, Toronto and Vancouver are expected to see the largest declines
Majority of active managers outperformed in first half of 2022, S&P reports
The pound touched an all-time low against the U.S. dollar on Monday
Christine Lagarde said the bank's baseline scenario was subdued economic growth
Faster deliveries and less congested ports point to diminishing disruptions
Russia's invasion of Ukraine cited as key factor in global economic slump
ETF sales stay positive, mutual fund redemptions moderate