TORONTO (Reuters) – When director Jennifer Baichwal was asked to turn novelist Margaret Atwood’s book about debt into a documentary, she declined, scared that the topic was about money. Three years later, film complete, she was terrified to show her literary hero the result.
The Emmy-winning filmmaker needn’t have worried on either count. Atwood’s book, “Payback: Debt and the Shadow Side of Wealth” is more about moral debt than financial, and Baichwal’s film of the same name clearly impressed the internationally renowned writer with its stories of a blood feud, a field-worker crusade for better treatment, and a massive oil spill.
TORONTO, March 11 (Reuters) – With interest rates low
and bitter memories of falling stocks fresh in their minds,
Canadian investors are increasingly looking to market-linked
GICs, a product that protects their principal while offering
Sales of Guaranteed Investment Certificates (GICs) linked to
equities performance rose to a record C$32 billion ($32.36
billion) in 2011, up 13.7 percent from 2010, according to a
study by research firm Investor Economics.
TORONTO, Feb 28 (Reuters) – The Canadian dollar hit a
one-week high against its U.S. counterpart and ended stronger on
Tuesday as a looming injection of cheap cash by the European
Central Bank boosted riskier assets and kept the U.S. dollar on
Risk appetite reigned as investors focused on the ECB’s
Longer Term Refinancing Operation (LTRO), an offer of cheap
money on Wednesday aimed at providing support for companies that
have been starved of investment funds.
Feb 28 (Reuters) – The Canada Pension Plan Investment
Board said on Tuesday its head of investments will take the helm
when its current CEO retires in June, preserving continuity as
the C$150 billion fund tries to cement its reach as one of the
world’s biggest dealmakers.
Mark Wiseman, executive vice president and head of
investments at the CPPIB, will take over as chief executive when
current CEO David Denison retires in June, the fund said.
TORONTO, Feb 24 (Reuters) – The Canadian dollar ended
slightly weaker near parity with the U.S. dollar on Friday as a
quiet day on the economic front and market focus on the
implementation of Greece’s rescue deal kept the currency mostly
on the sidelines.
While oil prices rose above $125 a barrel, on track for a
fifth straight weekly gain, the Canadian dollar ended the day
and the week little changed, overlooked as traders watched
developments in the euro zone and Iran for direction.
TORONTO, Feb 9 (Reuters) – Canada’s dollar
strengthened to a 2012 high against its U.S. counterpart on
Thursday on firmer oil prices and as investors sought riskier
assets on news of a Greek bailout package, but gains were curbed
by lingering fears of a default.
News that Greek leaders had clinched a long-stalled deal
just hours before a key meeting with the country’s financial
backers encouraged investors to take on some risk, driving down
prices of safe-haven U.S. Treasuries.
TORONTO, Feb 8 (Reuters) – Canada’s dollar ended
little changed against its U.S. counterpart on Wednesday with
the currency stuck in a tight trading range as investors awaited
resolution on a second Greek bailout and central bank meetings
“The biggest risk is the central bank risk that we get
tomorrow,” said Camilla Sutton, chief currency strategist at
Scotia Capital. “People are focusing on Greece, but I think
there are a lot of other currents … and we have a lot of
traders just holding pat as we wait out that risk.”
TORONTO, Feb 7 (Reuters) – Bank of Montreal
will gain ground against foreign rivals to capture 10 percent of
Canada’s exchange traded fund market in 2012 as domestic rivals
try to decide whether it is too late to enter the burgeoning ETF
space, the bank’s head of asset management said in an interview.
Rajiv Silgardo, co-CEO of BMO Global Asset Management, said
he expects Canada’s C$43 billion ($43 billion) ETF market to
continue to grow at a double-digit pace in the next five years
as investors look to the low fees and market-matching returns of
ETFs to take some of the risk out of their sagging portfolios.
TORONTO (Reuters) – The two giant jars on Randolph Taylor’s windowsill are filled with shards of credit cards, chopped up by the clients whose staggering indebtedness drove them to the front line of Canada’s household debt crisis.
“I used to cut them up myself, but then I saw that having them do it themselves was a huge symbolic act,” Taylor said, pulling out a pair of scissors from his desk drawer in the Toronto headquarters of debt counseling agency Credit Canada.
TORONTO, Jan 30 (Reuters) – The two giant jars on
Randolph Taylor’s windowsill are filled with shards of credit
cards, chopped up by the clients whose staggering indebtedness
drove them to the front line of Canada’s household debt crisis.
“I used to cut them up myself, but then I saw that having
them do it themselves was a huge symbolic act,” Taylor said,
pulling out a pair of scissors from his desk drawer in the
Toronto headquarters of debt counselling agency Credit Canada.