Version française ci-dessou The phenomenon of bank closures is becoming a common occurrence in many small Canadian towns. Here in Algoma-Manitoulin-Kapuskasing we are no different. The trend to other forms of banking such as what is available online may have appeal for some people, but not [Read more]
Cash reserves held by Canadians have risen significantly since the global financial crisis. Earlier this year, CIBC World Markets reported that Canadians currently hold $75 billion in cash. That’s almost 10 per cent of the total value of overall personal liquid assets in Canada. CIBC also [Read more]
The independent research and consultancy firm ETFGI confirms 2015 was another banner year for the global ETFs/ETPs industry, with US$372.0 billion in net new assets – a 10% increase over the 2014 record of US$338.3 billion. Global assets under management grew from US$2.784 trillion to US$2.992 [Read more]
We are often told not to put all our eggs in one basket and not to count our chickens until they hatch. Someone should have reminded the federal government about those poultry related maxims as they set out to spend a surplus based on assumptions which included oil trading at a high price. Now [Read more]
