Clement Chung
- Apr 17, 2019
- 2 min
KEEP DEBT DOWN TO ENSURE A HAPPY RETIREMENT
The over-40 plus crowd are increasingly using debt to fund exotic vacations, bigger homes and weddings for the kids, but that doesn’t bode well for their retirement future. Unfortunately debt accumulation doesn’t show any signs of slowing as age creeps higher. According to research by HomEquity Bank and Equifax Canada, the average mortgage balance for Canadians aged 55+ grew by 11 percent over the past two years from $158,000 to $176,000. The same report shows total debt leve
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Clement Chung
- Apr 10, 2019
- 3 min
THE SANDWICH GENERATION — ARE YOU CAUGHT IN THE MIDDLE?
Besides your own financial needs, are you also responsible for the care and support of dependent children and elderly family members? If so, you are part of the “Sandwich Generation”. Balancing your retirement needs with rising education and health care costs for your family can be difficult. Here are some tips to help you provide a more secure financial future for your children, yourself and your parents. ALL ABOUT YOU As you near retirement, you may feel pressured to make h
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Clement Chung
- Apr 10, 2019
- 5 min
Market Update: In Only 3 Months...
What a difference three months make After a near bear market in the final three months of 2018, we have experienced a sharp reversal in global equities during the first quarter of 2019. The stage seems to be set for this year’s rally, with hints to a resolution in the U.S. and Chinese trade dispute, early signs of Chinese stimulus taking hold, and an optimistic shift by the U.S. Federal Reserve and other central banks. We often cite that equity markets move up or down for man
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Clement Chung
- Apr 3, 2019
- 2 min
Market Perspectives: Slowing - but still growing Part 2
We see global growth slowing as the expansion enters its final stage. The slowdown comes as the U.S. economy becomes a drag rather than a driver. It is driven by elevated uncertainty around policy plans, the tech rivalry between the U.S. and China and tighter financial conditions. Trade activity, business sentiment and investment plans have softened. The fading U.S. fiscal boost should be offset by heftier stimulus in China and Europe. Slower growth and modest inflation allow
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