Households need to ramp up savings: report
BMO chief economist says low interest rates and returns mean that savings rates may need to reach 9% to meet long-term goals
- By: IE Staff
- February 7, 2013 February 7, 2013
- 12:30
BMO chief economist says low interest rates and returns mean that savings rates may need to reach 9% to meet long-term goals
Budget may include spending cuts, finance minister says
Investor confidence will not be fully restored until a tangible economic recovery is underway
Institutions aiming for 8% returns may need to seriously consider taking on more risk
Remind clients that diversification is a sound long-term strategy
Credit to remain an asset class of choice for institutional investors for regulatory and risk reasons
Costs of redress should be manageable for the banks, but will dent their net earnings in short-term
Downgrade activity reflection of difficult economiconditions
Scotia economists outline reasons for forecast change
Other countries could adopt similar rules
Growth in the fourth quarter will likely remain stuck at about 1%, economist says
Buybacks won’t save the day if underlying profit growth stagnates
Outlook for the rest of the globe is less positive
Alternative investment managers are buying blocks of business from struggling insurance companies
Annual inflation increased in China, Brazil, and Russia
Europe still weakest region
Slow growth environment and low interest rates to weigh on life insurers
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High levels of consumer debt and elevated housing prices leave Canadian banks more vulnerable, rating agency says
Above average optimism signals consolidation, NBF says
Banks’ strengths are counterbalanced by risk from housing market and increasing consumer debt levels
U.S. recovery will benefit Canada’s manufacturing sector
The weak global recovery, and still-elevated sovereign risk for many European banking system may impact ratings