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CIBC World Markets: Corporate Canada’s Debt Levels will Lessen effect of Rate Hikes

Thursday, April 29, 2010, 9:00
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CA new report from CIBC World Markets Inc. notes that while Canadian consumers are sitting on record levels of debt, Canada’s corporate sector finds itself facing the opposite situation with its debt levels at record levels. The report notes that corporate debt service payments are equal to about 30% of total operate earnings today against 100% ... Full story

Tags: canadian consumers, canadian dollar, cibc world markets, cibc world markets inc, consumer debt, corporate canada, corporate sector, debt levels, debt to equity ratios, economist, household sector, peter buchanan, recession

CIBC World Markets: Canadians Putting a Halt on Spending

Saturday, April 3, 2010, 8:25
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Consumer confidence has increased in Canada vastly compared to last year, however CIBC World Markets Inc.’s new Consumer Capability Index finds that weak consumer fundamentals and an interest rate hike will have Canadians starting to apply a halt on spending. In late 2008, we saw consumer confidence reach a 15 year low, as measured by the Conference ... Full story

Tags: Bank of Canada, canadian consumers, canadians, capability index, consumer confidence index, consumer spending, debt burden, debt to income ratio, household debt, interest rate hike, interest rate hikes, last quarter, low interest rates, monetary policy, personal purchases, world markets

BankNerd.ca acquired by RBC

Wednesday, March 31, 2010, 21:45
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Press Release: For Immediate Release Toronto, Canada. (April 1, 2010) - BankNerd.ca, one of Canada's largest financial websites, today announced it has been acquired by RBC. This acquisition will help RBC further enhance its Social Media and general online presence. With BankNerd.ca ranked high on most major Canadian banks (#3 for Ally Bank Canada), this becomes a huge advantage to RBC over its competitors. "BankNerd.ca continues to ... Full story

Tags: canadian consumers, canadian marketplace, finance industry, financial websites, RBC, toronto canada

Canadian More Debt Cautious than Americans

Friday, January 15, 2010, 7:58
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Royal Bank of Canada (RBC) is keeping a close eye on rising household debt levels in the country, but it believes that Canadian consumers are still in a more enviable position than the U.S. President and chief executive officer of RBC, Gord Nixon told an industry conference that the strength ... Full story

Tags: accredited mortgage, Bank of Montreal, BMO, borrowers, canadian consumers, chief executive officer, consumer education, debt levels, household debt, loan growth, personal loan, RBC, residential real estate, rising interest rates, Royal Bank of Canada

CIBC World Markets: “Domestic Upturn” will lift Corporate Earnings this Quarter

Tuesday, October 20, 2009, 5:36
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A report from CIBC World Markets has noted that Canada’s domestic upturn should counter some of the drag that a rising loonie poses on corporate earnings. Peter Buchana, senior economist in the latest TSX Earnings Watch has noted than the profit levels seen north of the border are benefitting from critical offsetting factors. Canadian ... Full story

Tags: Bank of Canada, buchanan, canadian consumers, canadian dollar, canadian sectors, cibc world markets, corporate canada, corporate earnings, earnings growth, growth areas, last quarter, Loonie, profit levels, q4 earnings, quarter earnings, rate hikes, tsx

Canada leads recovery in the G7

Saturday, September 12, 2009, 9:20
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Canada is expected to have a stronger economic rebound next year than the United States and other Group of Seven countries due to the ability of Canadian households taking advantage of low interest rates predicts CIBC World Markets. CIBC notes that Canada’s economy will be slow to recovery, but its 2% growth next year will be half ... Full story

Tags: canadian consumers, canadian economy, canadian households, canadian monetary policy, cibc world markets, economic rebound, eurozone countries, g7, household sector, household spending, low interest rates, percentage point, resilience, resiliency, sectors, stimulus

Understanding the Secret World of Credit Scores: Part 2

Saturday, July 11, 2009, 5:21
Finance
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The most important thing for Canadian consumers to understand is that better more predictive credit modeling systems from the US are coming to Canada. Equifax, for example, has launched monthly monitoring products, whereby consumers can track their credit scores, new credit products, fraud protection, and more. Transunion has a similar product. ... Full story

Tags: canadian consumers, charge cards, credit ratio, credit scores, creditor, creditors, equifax, minimum payment, rrsp loans