Canadians struggling to save and pay off debt; 38 per cent have no savings...
When you’re assisting your clients with their budgets, are you suggesting a cushion of three to six months of income saved to get through unexpected financial shocks?
· TSX +160.55 to 13,897.48 racked up a solid gain as a weaker American currency helped send oil prices surging while investors were encouraged by positive earnings reports.
· DOW +186.79 to 12,453.54
· Dollar +.35c to 104.90c USD Weakness in the American dollar and higher oil prices had earlier pushed the currency to a fresh 3 1/2-year high of 105.29 cents US.
· Oil +$3.17 to $111.45USD per barrel oil prices breezed past $111 a barrel after a report showed U.S. gasoline supplies fell for a second week, suggesting higher fuel costs haven't yet curbed demand
· Gold +$3.80 to $1498.90 per ounce hits another new record high
· Canadian 5 yr bond yields markets +.05bps to 2.72. The spread (based on the NEW MERIX 5 yr rate published rate of 4.34%) is well over the top of the comfort zone at 1.62.
(provided by Barb Morgan, DBD Ontario Southwest)
