Home ownership divides haves and have-nots
Canada's wealth gap is increasingly a real estate gap, TD report explains
- By: James Langton
- October 5, 2022 October 5, 2022
- 15:10
Canada's wealth gap is increasingly a real estate gap, TD report explains
Declines in underwriting, M&A drive 32% drop in fees, Refinitiv reports
Declining wealth is likely to weigh more heavily in regions with higher debt loads, report says
Lower- and middle-income clients, as well as older ones, were more likely to want to sell
Easing energy prices offset food and core inflation
After a pandemic pause, inequality is growing as poor hit harder by downturn
Mutual fund and ETF investors view the advice they receive differently, IFIC survey finds
Helping clients establish a "hierarchy of withdrawals"
Debt underwriting down too, led by a plunge in high-yield offerings
The lack of openings this year comes as small businesses struggle with inflation and debt
A surprising number of workers younger than 65 are retiring early
Yet clients will need guidance in the medium term due to real estate-driven volatility and affordability pressures
Bankruptcies and debt restructurings were up sharply from last year
CFIB members' outlook aligns with expectations for a second-half slowdown, TD says
Canadians' personal finances have worsened, BDO survey suggests
The poor performance was the second consecutive quarter of economic contraction
Some banks expect third-quarter growth of about 1%
Winnipeg, Toronto and Vancouver are expected to see the largest declines
Majority of active managers outperformed in first half of 2022, S&P reports
The pound touched an all-time low against the U.S. dollar on Monday
Christine Lagarde said the bank's baseline scenario was subdued economic growth
Faster deliveries and less congested ports point to diminishing disruptions