Andrea's Feed
Mar 26, 2013

Gradual retirement poses planning challenges

TORONTO (Reuters) – Retirement planning once meant plugging a client’s 65th birthday into a spreadsheet and going from there. But with more Canadians than ever saying they plan to retire gradually, financial advisers are faced with a growing set of unknowns as they help clients plan for their golden years.

“It’s becoming totally different. People are no longer retiring as much as they are redirecting,” said Jill Chambers, a certified financial planner at Integrated Wealth Management in Calgary.

Mar 25, 2013

Canadian advisers see gains, pitfalls in social media

TORONTO (Reuters) – Canadian financial adviser Will Britton is the quintessential success story of social media in the industry. He’s active on Facebook, LinkedIn and Twitter, and when someone needs a financial planner, Britton’s contacts are quick to send a “here’s my guy” link. Presto, a new client.

“I’m probably doing it wrong according to what social media experts may say,” said Britton, a certified financial planner in Kingston, Ontario, and member of Advocis, the Financial Advisors Association of Canada.

Mar 19, 2013

Thanking clients key to business growth, loyalty

TORONTO (Reuters) – Client hunger for great service, especially during a time of lackluster market returns, has pushed Anna Knight and other Canadian financial advisers to go beyond birthday cards to convey their gratitude to those who keep them in business.

Every six months she hosts wine-and-cheese events for 30 to 40 clients and sprinkles smaller tributes throughout the year, a practice she knows has strengthened loyalty and brought in new business.

Mar 18, 2013

Canada housing to slow, stagnate, but not crash -Scotiabank

TORONTO, March 18 (Reuters) – A slowdown in Canada’s housing
market will continue through 2013 and years of stagnation may
follow, but no crash is likely because demographic trends will
support demand in the medium term, a report by Scotiabank
said on Monday.

The report by Canada’s third-largest bank said that home
sales have already dropped more than 10 percent from spring
2012, with prices leveling off but not yet falling except in
particularly hard-hit markets.

Mar 15, 2013

Canada home sales slump, growth in household debt slows

TORONTO, March 15 (Reuters) – Sales of existing homes in
Canada fell in February and the accumulation of household debt
slowed in the final quarter of the year as tighter mortgage
rules kept consumer appetite for low interest loans in check.

Reports on Friday showed that a softening in the Canadian
housing market was well underway and household debt levels had
risen more slowly than in previous quarter.

Mar 15, 2013

Canada home sales fall in February, price gains slow

TORONTO, March 15 (Reuters) – Sales of existing homes in
Canada fell in February from January while year-over year sales
plummeted, the Canadian Real Estate Association said on Friday
in a report that bolstered evidence Canada’s once-hot housing
market is slowing.

The industry group for Canadian real estate agents said
sales were down 2.1 percent in February from the month before,
reversing the small gain recorded in January. Actual sales for
February, not seasonally adjusted, were down 15.8 percent from a
year earlier.

Mar 12, 2013

Boosting financial literacy is good for business

TORONTO, March 12 (Reuters) – In her 17 years as a financial
planner, Heather Holjevac has learned that many clients are not
financially literate, are embarrassed about what they don’t know
and will reward her with loyalty when she takes the time to
teach them.

“People don’t want to admit they don’t know the basics,”
said Holjevac, a certified financial planner with TriDelta
Financial Partners in Oakville, near Toronto.

Mar 4, 2013

Canada asset managers see lower junk bond returns

TORONTO, March 4 (Reuters) – After three years of fantastic
returns and a particularly stellar 2012, Canadian asset managers
predict a return to earth for high-yield bond investments as
surging demand and recovering stock markets take the shine off
junk bonds.

While no one is saying the party is over – solid
single-digit returns will still far outstrip returns on
government or investment-grade debt – wealth managers say it is
time to start reducing the expectations of junk bond buyers.

Feb 28, 2013

Cash-rich Canadian companies embrace dividend strategy

TORONTO, Feb 28 (Reuters) – Canadian companies of nearly
every stripe have announced big dividend increases this year,
aiming to dole out mountains of cash on a bet that shareholders
prefer sweeter payouts to their throwing money at investments in
an uncertain economy.

Bank of Montreal – Canada’s No. 4 lender and the
first of the big five banks out of the gate this year with
quarterly financial results – set the tone for the lenders early
this week with a surprise dividend increase.

Feb 25, 2013

Canada funds bet emerging markets can lift “funk”

TORONTO (Reuters) – With only tepid growth expected in North America and Western Europe in 2013, Canadian asset managers say the best opportunity for growth comes from emerging markets, where a burgeoning middle class is hungry for consumer goods and improved infrastructure.

Once viewed as higher risk, emerging economies from China to India and Brazil to Mexico are in the spotlight as investors face the prospect of mediocre returns from both stocks and bonds in the developed world in 2013.