Canadians seeking financial advice from banks left unsatisfied

Breadcrumb Trail Links News Executive Summary Executives Roughly two-thirds of retail bank customers ‘financially unhealthy,’ the study finds Published June 30, 2023 • 4 minute read Pedestrians walk near a Royal Bank of Canada building in the financial district of Toronto. Photo by Brent Lewin/Bloomberg files Article content As high inflation, rising interest rates and market volatility take a toll on their finances, Canadians are seeking advice from their financial institutions, but some banks are not delivering this effectively, according to a new study. Advertisements 2 This advertisement has not been loaded yet, but your article continues below. THIS CONTENT […]

What’s spending slowdown? Retail sales suggest Canadians aren’t ready to quit shopping

Up to date retail sales numbers from Statistics Canada on Wednesday show that despite high prices and dire warnings about debt loads, Canadians remain in the mood to shop. The data agency reported Wednesday that retailers took in $65.9 billion in April. That’s an increase of 1.1 per cent from March’s level. Just about every type of store booked higher sales during the month, with the exception of furniture, electronics and appliances retailers, where sales shrank by 1.6 per cent from March’s level. So-called core retail sales, which strip out volatile items like gas, cars and car parts, actually increased […]

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Settlement reached in Fox vs Dominion lawsuit

Justin Nelson, Dominion’s lead counsel, appears on CNN. (CNN) Dominion Voting Systems had two goals in its defamation case against Fox News — accountability and “trying to make Dominion whole,” said Justin Nelson, the lead counsel election technology company. Both were accomplished in this settlement, he told CNN on Tuesday. The payment of more than $787 million by Fox News to Dominion and the network’s statement acknowledging that its coverage of the 2020 election was false was “a strong message of accountability” and an important victory for the employees of his client’s company. “This is really the first time that […]