Two-thirds of Canadians have dipped into their savings for a non-emergency, according to a survey.
The number of Canadians with a small rainy day fund is on the rise, according to a BMO survey.
Arrow Capital Management has chosen CIBC Mellon as its asset servicing provider.
Nortel Retirees and Former Employees Protection Canada strongly objects to the proposed settlement between the American division of Nortel Networks and some of its bondholders.
Total assets managed by the top 100 alternative investment managers globally reached US$3.3 trillion ($3.54 trillion) last year, up from US$3.1 trillion in 2012.
The Caisse de dépôt et placement du Québec is acquiring a 24.7% interest in clean energy firm Invenergy Wind.
It’s been six years since the financial crisis caught the Canadian financial industry off-guard. During this period, countless surveys conducted by financial groups and independent analysts have been coming to the same two conclusions. One, Canadians don’t trust the industry as much as they once did. Two, regardless of this lack of trust, most Canadians don’t have a financial plan, which points to a lack of financial literacy.
One of the biggest enemies of productivity is a wandering mind. Every time your employees start thinking about their spouse, their car problems or what they’re going to do on the weekend, productivity suffers. And what do employees probably think about more than anything else? Money.
Sovereign wealth funds have increased allocations to alternative investments in the past year and expect to continue doing so in 2014, according to a study.
Kevin Sorenson, minister of state for finance, and Alice Wong, minister of state for seniors, have joined forces with Canada’s financial literacy leader, Jane Rooney, to launch consultations on a proposed strategy to help improve the financial literacy of Canadians.