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Canadian consumers more upbeat - The Globe and Mail
“When asked if they felt their family would be financially better off six months from now, 27.5 per cent of respondents said they felt they would – a decline of 0.8 percentage points. The share that expects to be worse off six months from now rose 1.1 percentage points to 12.5 per cent.”
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“When asked if they felt their family would be financially better off six months from now, 27.5 per cent of respondents said they felt they would – a decline of 0.8 percentage points. The share that expects to be worse off six months from now rose 1.1 percentage points to 12.5 per cent.”
Finextra: Canadians top for online banking
Canadians lead the way when it comes to Internet banking adoption, with over two thirds of the country's Web users - around 15.5 million people - managing their finances online, according to figures from Web metrics firm comScore.
FT.com / World / US & Canada - Canada looks to rein in bank liquidity
Aside from the validity of the decision to reduce availability of liquidity to Canadian Banks, I am fascinated by the comment that Canada "largely excaped the meltdown". Arguably it was relatively less in Canada, but with losses of somewhere close to $10 billion, and the subsequent lockdown on new investment by Canadian Banks, one has to question the reasonablness of that statemen.
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He noted in an interview with the Financial Times that liquidity stress in Canadian markets was much less than in the US or Europe. Canada has also largely escaped the meltdown in the US subprime mortgage market.
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