Debt

European banks shrink property portfolios

Impeding regulatory changes are forcing European Banks to drastically reduce their exposure to real estate loans. Read: Fitch downgrades 18 banks New rules, which will increase the amount of capital banks are required to hold against commercial property loans, triggered a deleveraging process that could lead to lenders shedding €20 billion ($25.5 billion) worth of […]

By Staff |September 24, 2012

1 min read

Industry

The right way to manage debt and cash flow

Most advisors ignore clients’ debts and cash flow until they become major problems.

|September 24, 2012

3 min read

Estate Planning

Baby boomers don’t want modest retirements

Over half of baby boomers (57%) would rather work longer so they can maintain their current lifestyles as they enter retirement, finds a CIBC poll. Further, 24% plan to carry debt into retirement. Of those, 80% will carry debt throughout their entire retirement. This suggests they have no immediate plans to pay it off, and […]

By Staff |September 21, 2012

2 min read

Industry

Canadians focused on reducing debt

More than half of Canadians say they’re on track to pay off debt in 2012, finds an ING DIRECT survey. Only 23% say they’re nowhere near paying off credit cards and loans. Read: Help clients become debt-free faster Also, 62% say they save money on an annual basis, and 78% save at least $1,000 each […]

By Staff |September 12, 2012

1 min read

Canadians aren’t saving enough

Fewer Canadians are living pay cheque-to-pay cheque (47% versus 57% last year), finds Canadian Payroll Association (CPA). And in 2012, 66% were able to increase their savings, up from 40%. Read: Half of Canadians don’t have emergency savings: CIBC But although more people are saving, the rate of savings remains low. Almost half (46%) are […]

By Staff |September 6, 2012

1 min read

Help clients become debt-free faster

Debt is an ongoing issue, and one that’s not restricted to any age group. A recent CIBC poll found 59% of retirees are in debt. Read: Too many boomers retire with debt Meanwhile, one-third of students are feeling anxious about their finances, says TD. And it’s no wonder. The average debt of a university student […]

By Staff |August 23, 2012

2 min read

U.S. investor appetite returning

The S&P Growth Index—a key benchmark for U.S. growth stocks—has risen to its highest level in more than a decade. But, while investors have pulled their heads out of the sand, the economy is lagging behind.

By Wire services |August 16, 2012

6 min read

Majority of retirees carry debt: CIBC

More than half (60%) of retired Canadians continue to hold debt, finds a CIBC poll. Retired Canadians hold less debt than those currently working, but they’re less likely to be accelerating debt repayment. “Their debt could be stagnant and may end up costing them more in interest over a longer period of time,” says Christina […]

By Staff |July 23, 2012

1 min read

Debt

European banks shrink property portfolios

The right way to manage debt and cash flow

Baby boomers don’t want modest retirements

Canadians focused on reducing debt

Canadians aren’t saving enough

Is Japan the next big credit risk?

Help clients become debt-free faster

U.S. investor appetite returning

Avoid the rich man’s payday loan

Majority of retirees carry debt: CIBC