Moral investment constraints too onerous for pension funds

Never mind that reducing the choices available to a fund manager can result in negative consequences for pensioners

Moral investment constraints too onerous for pension fundsSome Canadian institutional investment and pension funds have faced scrutiny recently because they owned or own shares in American prison-management companies GEO and CoreCivic. That criticism is unwarranted and unfair. These firms operate prisons, detention centres and rehabilitation facilities in the U.S. Given that the U.S. incarcerates more people than anywhere else in the world,…

The rise of the student loan debt is killing initiative

The world has changed a lot but we still try to convince youth that they must go to expensive schools and take on debt that will burden them for years

The rise of the student loan debt is killing initiativeThe dream of future success is fading for many North American youth as higher education cost keeps rising. For example, according to official data, United States student loan debt increased from US$619 billion to US$1.56 trillion during the last decade. Canadian student loan debt exceeds $3 billion right now. Who’s at fault for the student…

Delivering wedding vows and wows in creative ways

Michaelle LeManne Lamb says the potential for wedding creativity is endless at Azuridge Estate Hotel

Delivering wedding vows and wows in creative waysMichaelle LeManne Lamb is wedding director at Azuridge Estate Hotel. How has the challenging economy in Calgary in recent years impacted the wedding industry? Michaelle: Couples have definitely become more cognizant of how they spend their wedding dollars in recent years. The reality is that weddings are not a necessary expense, but are tied to…

Cash-strapped Canadians using homes as ATMs to pay off bills

Overall consumer credit balances continued to grow in the second quarter – up to $1.88 trillion

Cash-strapped Canadians using homes as ATMs to pay off billsCash-strapped Canadians may be treating their homes like ATMS to pay off their bills, says a study by MNP Ltd. In a news release on Tuesday, the largest insolvency firm in Canada said three in 10 Canadian homeowners with a home equity line of credit (HELOC) say they have used the funds borrowed to pay…

Canadian household credit growth slows for second straight month

But Scotiabank report says total borrowing by individuals rose by 3.7% month over month

Canadian household credit growth slows for second straight monthCanadian household credit growth decelerated in June as the slowing pace of mortgage expansion more than offset an acceleration in consumer credit, according to a new report by Scotiabank Economics. Home equity line of credit loans (HELOCs) remained flat in June, remaining on a weaker trajectory following strong increases through 2017 and 2018, it said.…

Why Canadians won’t, or can’t, invest in their own country

C’mon Canadians, break out of the grim consensus, do your homework and invest your TSFA in the Canadian economy. The banks won't

Why Canadians won’t, or can’t, invest in their own countryThe great Canadian experiment Justin Trudeau represents is struggling. It seems our very Canadian desire for consensus and safety are undermining the prosperity upon which all our other virtues depend. The desire for consensus – worthy in its own right – seems to be undermining the ancient principle of private property. For centuries, the norm…

Median mortgage debt soars in Calgary and Edmonton

Median mortgage debt soars in Calgary and EdmontonATB Financial’s Economics & Research Team has pulled some interesting data on mortgage debt from Statistics Canada. According to the federal agency, after adjusting for inflation, median mortgage debt in Canada nearly doubled between 1999 and 2016. It went from $91,900 to $180,000 in 2016 constant dollars. But ATB says that for families with a…

Few feel financially ready for a career change

Women are less likely to feel financially ready for career change by 54 per cent, compared to 44 per cent for men

Few feel financially ready for a career changeA new poll released Monday by investment firm Edward Jones found that 54 per cent have considered a career change in the past 12 months, but 46 per cent of respondents cited a lack of financial preparedness as a barrier towards taking that first step towards a new career. "Career changes can mean taking a significant…