Canada’s youth are among the world’s top performers for financial literacy

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on May 25, 2017

Canada has ranked as one of the top three countries worldwide for youth financial literacy, says a global report published by the Organisation for Economic Co-operation and Development (OECD).   Canada... Continue reading

Debt is compromising the ability of seniors to stay in their homes

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on May 25, 2017

A new study indicates that while nine in ten Canadians over the age of 65 would like to stay in their homes, many will not be able to afford to do so.   The study by HomEquity Bank, The Home Stretch: ... Continue reading

Looking after aging parents costs Canadians $33 billion per year

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on May 24, 2017

Caring for aging parents costs Canadians $33 billion a year in direct out-of-pocket expenses and time off work, according to a new report by CIBC Capital Markets released May 8.   The report, Who Cares:... Continue reading

A 10% hike to mortgage payments would sink almost 3 quarters of homeowners

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on May 24, 2017

Almost three quarters of Canadian homeowners would have difficulty paying their mortgage every month if their payments increased by as little as 10 per cent, a new survey from Manulife Bank suggests. ... Continue reading

Pre-retirees who work with an advisor feel better prepared financially

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on May 01, 2017

Forty-three per cent of U.S. pre-retirees working with an advisor say they feel prepared for retirement, says a recent LIMRA Secure Retirement Institute study. This number drops to 21 per cent for those... Continue reading

Financial sector organizations praise measures announced in Ontario budget

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on May 01, 2017

Measures included in the Ontario budget, released April 27, are expected to strengthen investor protection, said various financial sector organizations.   In a joint statement, representatives of the ... Continue reading

Two-thirds of Canadians have not had conversation on finances with elderly parents

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on May 01, 2017

Sixty-two per cent of Canadian adults with parents over the age of 65 admit they have not had a conversation with their parents about elder caregiving and financial support even though they feel it is... Continue reading

Global economy improving despite uncertainty

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Apr 24, 2017

The global economy has been growing, in spite of economic uncertainty, says the latest Scotiabank Economics Global Outlook.   Macroeconomic data suggests there has been improvement in household and business... Continue reading

Canadian green bond market has potential to top $50 billion by The IIJ Staff April 11, 2017  09:45 a.m.

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Apr 24, 2017

Canada's capacity for green bond issues will be at least $56.3 billion in fiscal 2017/18, according to a Corporate Knights report released April 10 at the RBC Capital Markets Green Bond Conference in ... Continue reading

Many homeowners reluctant to sell despite hot housing market

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Apr 24, 2017

Two in five Canadian homeowners with plans to sell their home are inclined to sell to reap a profit in today’s hot housing market. However, 62 per cent are reluctant to sell due to the high cost of buying... Continue reading