Canadians concerned about possible rate hikes

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Jan 15, 2018

While 77 per cent of Canadians say they are optimistic about their finances, nearly three in five acknowledge that they would feel "significantly less" confident if interest rates go up again, according... Continue reading

The AMF warns about risks of initial cryptocurrency offerings

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Jan 15, 2018

Quebec regulator, the Autorité des marchés financiers (AMF) warned investors on Jan. 15 about the risks of initial cryptocurrency offerings, commonly called “initial coin offerings” (ICOs). ICOs are limited-time... Continue reading

Consumers should be warned of risks related to online insurance purchases

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Jan 15, 2018

Adopted as is, Quebec’s Bill 141 will lead to an increase in the number of simplified products sold via the Internet without advice, believes the Quebec financial advisor organization, the Association... Continue reading

CRA tightens Voluntary Disclosures Program

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Dec 20, 2017

Diane Lebouthillier, Minister of National Revenue, has announced changes to the CanadaRevenue Agency’s Voluntary Disclosures Program that will tighten the eligibility criteria to access the program. The... Continue reading

Canadian Xennials feel financially overwhelmed

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Dec 04, 2017

Seventy per cent of Canadian Xennials – a micro generation of those aged 34-40 – say they feel overwhelmed due to juggling other financial obligations with saving for retirement, according to a survey... Continue reading

Women lack confidence in their financial knowledge

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Nov 30, 2017

Though women are financially savvy, there is a gap with the level of confidence they have in their financial knowledge when compared to men, says a new poll conducted by Environics for EQ Bank, part of... Continue reading

OSC report finds many millennials are saving but not investing

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Nov 27, 2017

Research released Nov. 27 by the Ontario Securities Commission (OSC) found that while four in five Ontario millennials (age 18-36) are saving, only half are investing. The new report, Missing Out: Millennials... Continue reading

Many Canadians aren’t achieving debt reduction goals, says Manulife Bank survey

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Nov 27, 2017

Being debt-free is a priority for 64 per cent of Canadians, according to a survey released Nov. 23 by Manulife Bank of Canada, however only 31 per cent actually met their debt reduction goals over the... Continue reading

Most Canadians have no plans to cut back on holiday spending

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

Most Canadians are not planning to cut back on their spending this holiday season, according to a poll by Ebates.ca released Nov. 20. Eighty-six per cent plan to be as generous, or more, this year versus... Continue reading

Low financial confidence prevents many Canadians from seeking advice

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

Canadians' lack of financial confidence may be preventing them from getting the financial help they need, according to a survey commissioned by the Financial Planning Standards Council. The research found... Continue reading