Banco Santander reported its 1Q09 results on April 29th, 2009. The presentation provided an overview of Brazil's macroeconomic scenario, noting that while GDP growth slowed in 2009 due to the global crisis, Brazil's fundamentals remain strong. It discussed how Brazil's financial system is well-capitalized and more resilient compared to previous crises. Finally, it summarized Santander's strategy and franchise in Brazil, highlighting the progress of its integration and how the combined network provides better service and access for its over 9 million customers.
The document provides an economic outlook and forecasts for the Baltic countries of Estonia, Latvia, and Lithuania in 2009-2010. It finds that while private sector adjustments have been faster than expected, public sector adjustments still lag despite efforts. GDP is forecast to decline substantially in all three countries in 2009, with Latvia facing the steepest drop of around 17%. Deeper budget cuts are still needed in the public sectors of Estonia and Latvia to reduce budget deficits. Overall, a slow recovery is expected to begin in 2010, led initially by stabilizing exports, while domestic demand remains weak.
The document summarizes the economic outlook for the United States. It notes that the US economy slowed significantly in 2007 and weakened further in early 2008 due to the ongoing housing correction and tightening credit. Key uncertainties around the length of the economic downturn include the future path of house prices and the impact of the financial sector crisis on households and businesses.
This document provides an economic overview and outlook for the United States in Q2 2012. It discusses the country's GDP growth estimates of 2.1% for 2012 and 2.4% for 2013, high debt levels, and unemployment above 8%. The housing market is showing signs of stabilization with home sales up 7% in 2012. The energy sector is becoming more self-sufficient due to increased natural gas production and projected reductions in Middle East oil reliance by 2020. Looming issues include the "Fiscal Cliff" at the end of 2012 and greater financial regulation under Dodd-Frank.
The document provides an overview of AES Corporation's third quarter 2007 financial results. Some key points:
- Revenues increased 18% year-over-year to $3.5 billion while gross margin increased 2% to $840 million. Adjusted EPS was $0.18 compared to $0.30 in the prior year.
- Segment results were mixed - Latin America generation saw declines due to gas curtailments in Chile/Argentina while utilities saw gains from currency effects. North America generation saw improvements from higher prices.
- Cash flow was impacted by the sale of EDC in May 2007. Excluding EDC, cash flows would have been higher year-over-year.
-
Government revises its 2009 real GDP growth forecast. The Prime
Minister (PM) announced yesterday that the official real GDP growth
forecast for this year is now between -4% and -5% from +1% to -1%
announced by Bank Negara Malaysia (BNM) in Mar 09. This is due to
the impact of the global recession on external demand which also
weakened domestic demand, especially private investment (1Q09: -
26% YoY), including FDI (1Q09: -50% YoY). However, apart from
mentioning a 25% drop in exports, no detailed breakdown of the
revised forecast was provided.
1) Foreign aid plays an important role in Pakistan's economy, accounting for a significant portion of capital inflows and government revenues. However, aid levels have declined sharply in recent years.
2) Pakistan faces major security challenges from conflicts in neighboring Afghanistan that have imposed huge economic costs on Pakistan in the form of damaged infrastructure and disrupted economic activity.
3) Effective use of foreign aid could help Pakistan address both its economic and security issues by funding development priorities like power, transportation and education, which also have indirect security benefits by promoting stability and counteracting extremism. However, reforms are needed to improve aid effectiveness.
Banco Santander reported its 1Q09 results on April 29th, 2009. The presentation provided an overview of Brazil's macroeconomic scenario, noting that while GDP growth slowed in 2009 due to the global crisis, Brazil's fundamentals remain strong. It discussed how Brazil's financial system is well-capitalized and more resilient compared to previous crises. Finally, it summarized Santander's strategy and franchise in Brazil, highlighting the progress of its integration and how the combined network provides better service and access for its over 9 million customers.
The document provides an economic outlook and forecasts for the Baltic countries of Estonia, Latvia, and Lithuania in 2009-2010. It finds that while private sector adjustments have been faster than expected, public sector adjustments still lag despite efforts. GDP is forecast to decline substantially in all three countries in 2009, with Latvia facing the steepest drop of around 17%. Deeper budget cuts are still needed in the public sectors of Estonia and Latvia to reduce budget deficits. Overall, a slow recovery is expected to begin in 2010, led initially by stabilizing exports, while domestic demand remains weak.
The document summarizes the economic outlook for the United States. It notes that the US economy slowed significantly in 2007 and weakened further in early 2008 due to the ongoing housing correction and tightening credit. Key uncertainties around the length of the economic downturn include the future path of house prices and the impact of the financial sector crisis on households and businesses.
This document provides an economic overview and outlook for the United States in Q2 2012. It discusses the country's GDP growth estimates of 2.1% for 2012 and 2.4% for 2013, high debt levels, and unemployment above 8%. The housing market is showing signs of stabilization with home sales up 7% in 2012. The energy sector is becoming more self-sufficient due to increased natural gas production and projected reductions in Middle East oil reliance by 2020. Looming issues include the "Fiscal Cliff" at the end of 2012 and greater financial regulation under Dodd-Frank.
The document provides an overview of AES Corporation's third quarter 2007 financial results. Some key points:
- Revenues increased 18% year-over-year to $3.5 billion while gross margin increased 2% to $840 million. Adjusted EPS was $0.18 compared to $0.30 in the prior year.
- Segment results were mixed - Latin America generation saw declines due to gas curtailments in Chile/Argentina while utilities saw gains from currency effects. North America generation saw improvements from higher prices.
- Cash flow was impacted by the sale of EDC in May 2007. Excluding EDC, cash flows would have been higher year-over-year.
-
Government revises its 2009 real GDP growth forecast. The Prime
Minister (PM) announced yesterday that the official real GDP growth
forecast for this year is now between -4% and -5% from +1% to -1%
announced by Bank Negara Malaysia (BNM) in Mar 09. This is due to
the impact of the global recession on external demand which also
weakened domestic demand, especially private investment (1Q09: -
26% YoY), including FDI (1Q09: -50% YoY). However, apart from
mentioning a 25% drop in exports, no detailed breakdown of the
revised forecast was provided.
1) Foreign aid plays an important role in Pakistan's economy, accounting for a significant portion of capital inflows and government revenues. However, aid levels have declined sharply in recent years.
2) Pakistan faces major security challenges from conflicts in neighboring Afghanistan that have imposed huge economic costs on Pakistan in the form of damaged infrastructure and disrupted economic activity.
3) Effective use of foreign aid could help Pakistan address both its economic and security issues by funding development priorities like power, transportation and education, which also have indirect security benefits by promoting stability and counteracting extremism. However, reforms are needed to improve aid effectiveness.
The document forecasts key UK economic indicators from 2007 to 2015. It predicts that UK GDP growth will be around 1% in 2011-2012 before slowly recovering to a long-term trend of 2.4% by 2015. Inflation is expected to fall to around 2.5% in 2012 as past increases drop out, but remain above the 2% target. Unemployment is projected to rise to 2.7 million in 2012 before gradually declining, while the unemployment rate averages 8.5% in 2012. Interest rates are expected to rise above 1.5% by the end of 2012 as growth recovers. Oil prices are forecast to increase to around $130 per barrel by 2015.
The document provides an international and domestic macroeconomic outlook. Key points internationally include concerns over Greek debt maturing in March and potential impacts on stock markets. Domestically, industry figures in January are expected to remain weak year-over-year. Recent inflation estimates show a slowing trend towards the 5.5% target for 2012. The current account deficit is expected to widen further in coming months.
This document provides an economic forecast and update for the U.S. and Florida economies. It discusses ongoing uncertainty in the U.S. from healthcare reform, financial regulations, and fiscal policy. High economic policy uncertainty negatively impacts private investment, industrial production, and employment. The housing crisis continues to weigh on the U.S. recovery through depleted household wealth and a weak labor market. The forecast predicts gradual improvement in the Florida economy from 2014 to 2015 as job and GDP growth accelerate. Key industries like construction and tourism are expected to strengthen. Population and employment growth vary across Florida regions from 2013 to 2016.
- The combined US and Canadian hog inventory at the end of 2012 was only 0.1% lower than the previous year, despite rising grain prices. However, the hog breeding herd declined 0.7% from June 2012 levels.
- Canadian cattle inventories increased 0.5% from the previous year but remain well below 2005 peak levels. The combined US and Canadian beef cow herd declined 2.6% from the previous year.
- Statistics Canada has stopped reporting estimates of the pig crop and farrowings, making it difficult to estimate future pork supply. Budget cuts have reduced the availability of some livestock data.
- DuPont reported second quarter earnings per share of $1.04, matching the prior year's result. Excluding a tax benefit in 2006, earnings grew 3% year-over-year.
- Sales increased 6% to $7.9 billion due to a 1% rise in volume, 2% higher prices, and a 3% boost from currency. Growth outside the US offset declines in the US housing and auto markets.
- DuPont reaffirmed its full year earnings outlook of $3.15 per share, excluding one-time costs, expecting benefits from growth outside the US, price increases, and cost reductions despite weakness in the US and higher input costs.
DuPont reported strong earnings growth in the third quarter of 2007. Net income increased 8% to $526 million compared to $485 million in the third quarter of 2006. Earnings per share grew 8% to $0.56 excluding significant items. Sales increased 6% to $6.7 billion driven by 7% growth excluding portfolio changes. Segment pre-tax operating income grew 12% excluding significant items to $916 million. DuPont updated full-year 2007 EPS guidance to $3.15-$3.20 and expects continued earnings growth in 2008.
The document provides an overview of Banco Santander's 2009 IFRS results on a pro forma basis. It discusses the macroeconomic environment in Brazil and the country's financial system. It then summarizes Santander's strategy, business performance, and financial results in 2009. Key highlights include net profit growth of 41% year-over-year to R$5.5 billion driven by revenue growth and cost control. Performance ratios like efficiency and ROE improved significantly. The balance sheet also strengthened with higher capital ratios.
The Estonian Economy, No 6, November 3, 2011Swedbank
The document summarizes the saving and consumption behavior of Estonian households during the economic boom and bust from 2003-2011. It notes that during the boom years, Estonian households had negative saving rates as consumption exceeded income, financed through borrowing and asset sales. During the recession from 2008-2009, household income declined sharply while the saving rate increased to over 11% as households paid down debt. The high volatility of saving and consumption in Estonia creates uncertainty for businesses and tax revenues. Going forward, Estonian household behavior is expected to be more stable with consumption growth aligning more closely with income growth and saving rates declining slowly from recession highs absent new economic shocks.
The document summarizes oversight challenges related to implementation of the American Recovery and Reinvestment Act and the long-term fiscal challenges facing the federal government. It notes that implementation of the Recovery Act requires transparency and accountability. It also discusses the growing federal budget deficits and debt over the long run due to rising healthcare and entitlement spending, and recommendations to address these challenges through continued oversight, budget controls, and public discussion.
The document provides a summary and analysis of economic conditions in Thailand and other regions. It discusses:
1) Continued concerns about the eurozone debt crisis fueling demand for safe-haven currencies like the US dollar and depressing risk assets.
2) While US money supply growth looks better than the EU or Japan, high unemployment will likely lead the Fed to resume quantitative easing in mid-2012.
3) Local authorities in Thailand face challenges from losses at the Fiscal Debt Fund and risks of bond yield curve steepening given planned large bond issuances.
4) The analysis predicts the Bank of Thailand will cut its policy rate again in January and forecasts Thailand's economy could experience a V-shaped
2005 - 5th Us Analyst And Investor Meeting FinancialsEmbraer RI
This presentation provides financial results and performance summaries for Embraer from 1998-2004. It includes forward-looking statements about future events and circumstances. The document discusses net revenues, gross margin, income from operations, net income, balance sheet items including suppliers, inventories, receivables, cash position, and indebtedness. It also summarizes return on assets, return on equity, investments in property, plant and equipment and research and development, contributions from risk-sharing partners, and future investment forecasts. Contact information is provided for investor relations.
- Duratex reported record financial results for 2006, with shipments and net revenues increasing 17% and 9% respectively in its wood and deca divisions. Net income increased 65% to a record R$226 million.
- The company operates in wood panels, metal fittings, and vitreous china, with its wood panels consumed mainly by the furniture industry. It plans to increase capacity for hardboard, particle board, MDF, and metal fittings.
- Housing and construction are key markets, expected to grow with increased access to credit and a growing youth population. Duratex captures a large share of these markets through home centers, retailers, and direct sales.
While Philippine GDP grew at a modest 3.7% last year, lower than neighboring ASEAN countries, strong consumer spending and the resilient services sector helped compensate. Office space options in Metro Manila are currently limited due to high demand from business process outsourcing firms. In the residential property market, over 33,000 new condominium units were completed last year with vacancy rates remaining below 6%. Major mall operators are improving shopping experiences through new technologies and attractions to increase foot traffic.
Thompson Creek Metals provided an update on its Mt. Milligan copper-gold project in British Columbia. Construction is 54% complete overall and 72% of engineering, procurement and construction management is finished. Key milestones have been achieved, including water storage and concrete foundations. Assembly of grinding equipment is underway and the on-site power system is operational. The project remains on schedule for start-up in Q3 2013 and commercial production in Q4 2013. Thompson Creek has taken steps to de-risk the project through extensive engineering, procurement commitments, and use of lump-sum contracts.
Investment decisions for pension funds by intangible value capitalJAYARAMAN IYER
Pension funds globally held record assets of $20.1 trillion in 2011 but experienced negative average returns of -1.7% due to falling stock markets. The US had the largest pension assets at $10.6 trillion but returns fell -3%. Pension funds most exposed to European sovereign debt also saw losses. Intangible Value Capital is proposed as a new framework to rate pension funds and corporate equity portfolios based on intellectual, emotional, and people capital to identify sustainable long-term performers and guide investment decisions. Rated companies with high intangible value are recommended for pension funds seeking more stable returns.
This document provides a comparative study of consumer trends in Latin America and Asia-Pacific emerging markets. It finds that while incomes are rising across these regions, Latin America suffers from greater income inequality which impacts spending patterns. The middle class makes up a smaller portion of households in Latin America compared to Asia-Pacific. Looking ahead, the document predicts technology and communications as well as health and wellness will be growing consumer sectors in these emerging markets in the coming years as incomes rise further.
World construction spending grew just 0.5% in 2011 to $4.6 trillion and remains below 2007 levels. China was the largest construction market and is expected to see the fastest growth in 2012 at 9%, led by infrastructure spending. Western Europe contracted 3% due to sovereign debt crises, with continued declines expected through 2015 in Southern European countries. Developing markets in Asia, Latin America, and parts of Eastern Europe are expected to see stronger growth than developed markets through 2015 as the global construction industry shifts focus away from Western Europe and toward Asia and emerging economies.
Global equity markets ended 2010 strongly, boosted by improving investor confidence and positive global growth outlook. In the US, quantitative easing and tax cuts helped improve the economic outlook and sentiment, giving a lift to global markets. European markets struggled with sovereign debt worries, particularly regarding Greece and Ireland. Bond markets were strong initially but weakened later in the year. Commodity prices like gold, oil, and metals increased significantly in 2010. The Canadian dollar rose close to 6% against the US dollar due to global growth and commodity prices. Going forward, volatility is expected to remain as investors take a diversified approach in a gradually improving global economic environment.
1) Investor confidence declined in Q2 2012 due to concerns over slowing economic growth and Europe's debt crisis.
2) Global stock markets fell significantly, with the S&P 500 declining 3.3% and commodity prices dropping sharply.
3) The Canadian market underperformed due to its reliance on commodities, with the energy and materials sectors declining over 8% and 11% respectively.
1) Investor confidence declined in Q2 2012 due to concerns around slowing economic growth and sovereign debt issues in Europe. Global stock markets fell sharply, while bonds yields hit record lows as investors sought safe havens.
2) The Canadian market underperformed due to its reliance on commodities, which declined with global growth concerns. Energy and materials stocks dropped significantly.
3) While markets remain volatile, company fundamentals remain solid with low debt, high cash levels, and continuing dividend growth. Overall the document recommends maintaining a balanced portfolio for the long term.
The document forecasts key UK economic indicators from 2007 to 2015. It predicts that UK GDP growth will be around 1% in 2011-2012 before slowly recovering to a long-term trend of 2.4% by 2015. Inflation is expected to fall to around 2.5% in 2012 as past increases drop out, but remain above the 2% target. Unemployment is projected to rise to 2.7 million in 2012 before gradually declining, while the unemployment rate averages 8.5% in 2012. Interest rates are expected to rise above 1.5% by the end of 2012 as growth recovers. Oil prices are forecast to increase to around $130 per barrel by 2015.
The document provides an international and domestic macroeconomic outlook. Key points internationally include concerns over Greek debt maturing in March and potential impacts on stock markets. Domestically, industry figures in January are expected to remain weak year-over-year. Recent inflation estimates show a slowing trend towards the 5.5% target for 2012. The current account deficit is expected to widen further in coming months.
This document provides an economic forecast and update for the U.S. and Florida economies. It discusses ongoing uncertainty in the U.S. from healthcare reform, financial regulations, and fiscal policy. High economic policy uncertainty negatively impacts private investment, industrial production, and employment. The housing crisis continues to weigh on the U.S. recovery through depleted household wealth and a weak labor market. The forecast predicts gradual improvement in the Florida economy from 2014 to 2015 as job and GDP growth accelerate. Key industries like construction and tourism are expected to strengthen. Population and employment growth vary across Florida regions from 2013 to 2016.
- The combined US and Canadian hog inventory at the end of 2012 was only 0.1% lower than the previous year, despite rising grain prices. However, the hog breeding herd declined 0.7% from June 2012 levels.
- Canadian cattle inventories increased 0.5% from the previous year but remain well below 2005 peak levels. The combined US and Canadian beef cow herd declined 2.6% from the previous year.
- Statistics Canada has stopped reporting estimates of the pig crop and farrowings, making it difficult to estimate future pork supply. Budget cuts have reduced the availability of some livestock data.
- DuPont reported second quarter earnings per share of $1.04, matching the prior year's result. Excluding a tax benefit in 2006, earnings grew 3% year-over-year.
- Sales increased 6% to $7.9 billion due to a 1% rise in volume, 2% higher prices, and a 3% boost from currency. Growth outside the US offset declines in the US housing and auto markets.
- DuPont reaffirmed its full year earnings outlook of $3.15 per share, excluding one-time costs, expecting benefits from growth outside the US, price increases, and cost reductions despite weakness in the US and higher input costs.
DuPont reported strong earnings growth in the third quarter of 2007. Net income increased 8% to $526 million compared to $485 million in the third quarter of 2006. Earnings per share grew 8% to $0.56 excluding significant items. Sales increased 6% to $6.7 billion driven by 7% growth excluding portfolio changes. Segment pre-tax operating income grew 12% excluding significant items to $916 million. DuPont updated full-year 2007 EPS guidance to $3.15-$3.20 and expects continued earnings growth in 2008.
The document provides an overview of Banco Santander's 2009 IFRS results on a pro forma basis. It discusses the macroeconomic environment in Brazil and the country's financial system. It then summarizes Santander's strategy, business performance, and financial results in 2009. Key highlights include net profit growth of 41% year-over-year to R$5.5 billion driven by revenue growth and cost control. Performance ratios like efficiency and ROE improved significantly. The balance sheet also strengthened with higher capital ratios.
The Estonian Economy, No 6, November 3, 2011Swedbank
The document summarizes the saving and consumption behavior of Estonian households during the economic boom and bust from 2003-2011. It notes that during the boom years, Estonian households had negative saving rates as consumption exceeded income, financed through borrowing and asset sales. During the recession from 2008-2009, household income declined sharply while the saving rate increased to over 11% as households paid down debt. The high volatility of saving and consumption in Estonia creates uncertainty for businesses and tax revenues. Going forward, Estonian household behavior is expected to be more stable with consumption growth aligning more closely with income growth and saving rates declining slowly from recession highs absent new economic shocks.
The document summarizes oversight challenges related to implementation of the American Recovery and Reinvestment Act and the long-term fiscal challenges facing the federal government. It notes that implementation of the Recovery Act requires transparency and accountability. It also discusses the growing federal budget deficits and debt over the long run due to rising healthcare and entitlement spending, and recommendations to address these challenges through continued oversight, budget controls, and public discussion.
The document provides a summary and analysis of economic conditions in Thailand and other regions. It discusses:
1) Continued concerns about the eurozone debt crisis fueling demand for safe-haven currencies like the US dollar and depressing risk assets.
2) While US money supply growth looks better than the EU or Japan, high unemployment will likely lead the Fed to resume quantitative easing in mid-2012.
3) Local authorities in Thailand face challenges from losses at the Fiscal Debt Fund and risks of bond yield curve steepening given planned large bond issuances.
4) The analysis predicts the Bank of Thailand will cut its policy rate again in January and forecasts Thailand's economy could experience a V-shaped
2005 - 5th Us Analyst And Investor Meeting FinancialsEmbraer RI
This presentation provides financial results and performance summaries for Embraer from 1998-2004. It includes forward-looking statements about future events and circumstances. The document discusses net revenues, gross margin, income from operations, net income, balance sheet items including suppliers, inventories, receivables, cash position, and indebtedness. It also summarizes return on assets, return on equity, investments in property, plant and equipment and research and development, contributions from risk-sharing partners, and future investment forecasts. Contact information is provided for investor relations.
- Duratex reported record financial results for 2006, with shipments and net revenues increasing 17% and 9% respectively in its wood and deca divisions. Net income increased 65% to a record R$226 million.
- The company operates in wood panels, metal fittings, and vitreous china, with its wood panels consumed mainly by the furniture industry. It plans to increase capacity for hardboard, particle board, MDF, and metal fittings.
- Housing and construction are key markets, expected to grow with increased access to credit and a growing youth population. Duratex captures a large share of these markets through home centers, retailers, and direct sales.
While Philippine GDP grew at a modest 3.7% last year, lower than neighboring ASEAN countries, strong consumer spending and the resilient services sector helped compensate. Office space options in Metro Manila are currently limited due to high demand from business process outsourcing firms. In the residential property market, over 33,000 new condominium units were completed last year with vacancy rates remaining below 6%. Major mall operators are improving shopping experiences through new technologies and attractions to increase foot traffic.
Thompson Creek Metals provided an update on its Mt. Milligan copper-gold project in British Columbia. Construction is 54% complete overall and 72% of engineering, procurement and construction management is finished. Key milestones have been achieved, including water storage and concrete foundations. Assembly of grinding equipment is underway and the on-site power system is operational. The project remains on schedule for start-up in Q3 2013 and commercial production in Q4 2013. Thompson Creek has taken steps to de-risk the project through extensive engineering, procurement commitments, and use of lump-sum contracts.
Investment decisions for pension funds by intangible value capitalJAYARAMAN IYER
Pension funds globally held record assets of $20.1 trillion in 2011 but experienced negative average returns of -1.7% due to falling stock markets. The US had the largest pension assets at $10.6 trillion but returns fell -3%. Pension funds most exposed to European sovereign debt also saw losses. Intangible Value Capital is proposed as a new framework to rate pension funds and corporate equity portfolios based on intellectual, emotional, and people capital to identify sustainable long-term performers and guide investment decisions. Rated companies with high intangible value are recommended for pension funds seeking more stable returns.
This document provides a comparative study of consumer trends in Latin America and Asia-Pacific emerging markets. It finds that while incomes are rising across these regions, Latin America suffers from greater income inequality which impacts spending patterns. The middle class makes up a smaller portion of households in Latin America compared to Asia-Pacific. Looking ahead, the document predicts technology and communications as well as health and wellness will be growing consumer sectors in these emerging markets in the coming years as incomes rise further.
World construction spending grew just 0.5% in 2011 to $4.6 trillion and remains below 2007 levels. China was the largest construction market and is expected to see the fastest growth in 2012 at 9%, led by infrastructure spending. Western Europe contracted 3% due to sovereign debt crises, with continued declines expected through 2015 in Southern European countries. Developing markets in Asia, Latin America, and parts of Eastern Europe are expected to see stronger growth than developed markets through 2015 as the global construction industry shifts focus away from Western Europe and toward Asia and emerging economies.
Global equity markets ended 2010 strongly, boosted by improving investor confidence and positive global growth outlook. In the US, quantitative easing and tax cuts helped improve the economic outlook and sentiment, giving a lift to global markets. European markets struggled with sovereign debt worries, particularly regarding Greece and Ireland. Bond markets were strong initially but weakened later in the year. Commodity prices like gold, oil, and metals increased significantly in 2010. The Canadian dollar rose close to 6% against the US dollar due to global growth and commodity prices. Going forward, volatility is expected to remain as investors take a diversified approach in a gradually improving global economic environment.
1) Investor confidence declined in Q2 2012 due to concerns over slowing economic growth and Europe's debt crisis.
2) Global stock markets fell significantly, with the S&P 500 declining 3.3% and commodity prices dropping sharply.
3) The Canadian market underperformed due to its reliance on commodities, with the energy and materials sectors declining over 8% and 11% respectively.
1) Investor confidence declined in Q2 2012 due to concerns around slowing economic growth and sovereign debt issues in Europe. Global stock markets fell sharply, while bonds yields hit record lows as investors sought safe havens.
2) The Canadian market underperformed due to its reliance on commodities, which declined with global growth concerns. Energy and materials stocks dropped significantly.
3) While markets remain volatile, company fundamentals remain solid with low debt, high cash levels, and continuing dividend growth. Overall the document recommends maintaining a balanced portfolio for the long term.
1) Investor confidence declined in Q2 2012 due to renewed sovereign debt concerns in Europe and signs of slowing economic growth in the US and China. This drove investors to seek safe havens like bonds, lowering yields.
2) Commodity prices dropped sharply, pulling the resource-heavy Canadian market down 6.4% for the quarter. The US market fell less at 3.3%.
3) Within Canada, the energy and materials sectors declined the most, around 8-11%, due to falling oil and commodity prices on reduced growth outlooks. Defensive sectors like telecoms and consumer staples outperformed.
The document discusses the state of the U.S. economy and interest rate outlook in August 2011. It notes that greater uncertainty threatens economic expansion due to inflation hurting demand, supply chain issues from Japan, and weak confidence from unemployment and fiscal policy issues. Key risks include financial market volatility and unfavorable fiscal situations in Europe and the Middle East. Continued government support and contained oil prices are key to maintaining the expansion. Housing and employment remain weak areas and the federal budget committee must address deficit issues.
Cabo Drilling Corp is a drilling services company that provides drilling rigs and services to mining companies. It acquired five drilling companies between 2004-2005. The presentation provides an overview of Cabo's business including its revenues from 2008-2012, fleet size, international operations, financial position, and goals to improve profitability through cost controls and expanding capacity. Cabo aims to take advantage of strong demand in the mining industry and growing metals prices.
I analysed 5 economic indicators (GDP, BOP, Inflation rate, Unemployment and Exchange rate) of Canada and compare them to those from Argentina.
The presentation was Monday 20/12/2010 in Brussels (EPHEC)
This document provides an overview of 3M's Latin America area business. Some key points:
- Latin America represents a large region with over 500 million people and strong GDP growth that provides huge opportunities for 3M.
- 3M has a long history in Latin America dating back to the 1940s and has significantly grown its business, with the Latin America area now larger than some of 3M's national businesses.
- 3M's strategies in Latin America focus on growing its core business, pursuing acquisitions, improving supply chain and localization, and developing talent. The presentation outlines some of 3M's top market opportunities and priorities in the region.
The Eurogroup meeting on Greece's bailout program was inconclusive, postponing a decision on disbursing further aid and revealing disagreements between the IMF and Eurogroup on debt targets. Portuguese GDP contracted again in Q3 while unemployment rose to a new high of 15.8%. Spanish plans for transferring assets to its bad bank are advancing with interest from foreign investors. Japanese Prime Minister Noda will hold elections in December amid calls for more aggressive monetary easing.
The document discusses Coca-Cola Enterprises' (CCE) priorities for 2010, including driving growth in North America and Europe. In North America, CCE aims to proactively manage through the dynamic environment, evolve price/package architecture, and enhance in-store execution. In Europe, CCE seeks to grow its Red, Black and Silver brands and portfolio, improve customer-centric supply chain, and expand boost zones. CCE also emphasizes corporate responsibility and sustainability initiatives around water stewardship, packaging/recycling, and diversity. Financially, CCE targets consistent earnings growth, maximizing free cash flow, and increasing returns.
The economic outlook for the sector - Andrew SentanceCFG
The document discusses the implications of a "new normal" economy for charities. It suggests that since the 2008 financial crisis, Western economies will experience prolonged disappointing growth, volatility, and high commodity prices (Phase 1). However, a clearer growth dynamic may emerge in developing countries and later in Western countries in Phase 2. For charities, this means a challenging fundraising climate with economic uncertainty, but also opportunities to help stressed societies. Charities need resilience, good management, and risk assessment to navigate this environment.
This Month In Real Estate February Canada 20090203WalterWeinreich
The document summarizes the Canadian real estate market in February 2009. It notes that while home prices declined 11% nationally, prices increased in 7 of 12 provinces. Mortgage rates fell significantly from 2008 levels to around 5.79% in January 2009. Housing affordability also improved across Canada. The economy entered a recession but unemployment remained below historical averages. The government unveiled a $40 billion stimulus package focused on infrastructure, tax relief and restoring credit market liquidity.
Canlan Ice Sports Corp. is the largest private sector operator of recreational ice facilities in North America with 65 playing surfaces at 22 facilities in Canada and the United States. Through the ASHL, Canlan operates the largest adult recreational hockey league in North America with more than 55,000 players and offers a variety of other programs including youth leagues, hockey and figure skating schools and tournaments.
Canlan Ice Sports Corp. is listed on the Toronto Stock Exchange under the symbol “ICE.”
This document provides an agenda and materials for a presentation on basic materials. It includes an overview of current holdings in Alcoa and Deere & Co, sub-industries in the materials sector, sector leaders, the macroeconomic outlook, and analyses of Deere, Alcoa, and the SPDR Gold Trust. Performance charts and potential risks are also discussed for each investment. The presentation aims to analyze materials companies and recommend positions.
The document discusses the state of the European economy and entrepreneurship in 2010. It notes that while unemployment has peaked and consumer/business sentiment is improving with low interest rates, GDP growth remains unstable and the Greek debt crisis raises questions about other vulnerable economies. Internet access and online advertising are growing steadily. Though European VC funding and investments continue declining, internet company valuations and shares have rebounded since 2009. IPO markets are also slowly opening up again.
The document discusses the economic environment facing entrepreneurs in 2010. It summarizes that the Icelandic volcanic eruption disrupted European air travel costing airlines billions. The Greek debt crisis raised concerns about contagion to other Eurozone nations. Unemployment peaked in the EU and US in 2009 but has since declined slightly. Interest rates remained low helping improve business and consumer sentiment in the EU and US. Online advertising spending has overtaken traditional media as internet access and usage increased globally. While some internet companies failed in the late 1990s/early 2000s, others like online retailers have since thrived. Stock market indices and internet company shares rebounded from early 2009 lows reflecting a recovery.
This document contains forward-looking statements and disclaimers about Ana Patricia Botín and Santander UK plc. It discusses Santander UK's strengths in the UK market, including its large customer base and distribution network. It notes opportunities for growth, including integrating the business acquired from RBS. The document summarizes the challenging market environment in the UK, with modest GDP growth, lower interest rates, and increasing regulatory pressures and funding costs impacting bank earnings. Santander UK will focus on commercial turnaround over the next three years to unlock its potential.
- Major stock markets started 2011 positively, continuing the rally from late 2010, as improving economic data boosted investor confidence.
- Investors shifted funds out of bonds and into riskier assets like equities and commodities, showing reduced risk aversion.
- Commodity prices rose due to stronger global growth, helping energy stocks, while materials stocks lagged.
- While the economic outlook remains positive overall, inflation concerns in emerging markets and potential market corrections pose risks.
Similar to The Financial Health of Canadian Households (20)
Sara Saffari: Turning Underweight into Fitness Success at 23get joys
Uncover the remarkable journey of Sara Saffari, whose transformation from underweight struggles to being recognized as a fitness icon at 23 underscores the importance of perseverance, discipline, and embracing a healthy lifestyle.
Leonardo DiCaprio Super Bowl: Hollywood Meets America’s Favorite Gamegreendigital
Introduction
Leonardo DiCaprio is synonymous with Hollywood stardom and acclaimed performances. has a unique connection with one of America's most beloved sports events—the Super Bowl. The "Leonardo DiCaprio Super Bowl" phenomenon combines the worlds of cinema and sports. drawing attention from fans of both domains. This article delves into the multifaceted relationship between DiCaprio and the Super Bowl. exploring his appearances at the event, His involvement in Super Bowl advertisements. and his cultural impact that bridges the gap between these two massive entertainment industries.
Follow us on: Pinterest
Leonardo DiCaprio: The Hollywood Icon
Early Life and Career Beginnings
Leonardo Wilhelm DiCaprio was born in Los Angeles, California, on November 11, 1974. His journey to stardom began at a young age with roles in television commercials and educational programs. DiCaprio's breakthrough came with his portrayal of Luke Brower in the sitcom "Growing Pains" and later as Tobias Wolff in "This Boy's Life" (1993). where he starred alongside Robert De Niro.
Rise to Stardom
DiCaprio's career skyrocketed with his performance in "What's Eating Gilbert Grape" (1993). earning him his first Academy Award nomination. He continued to gain acclaim with roles in "Romeo + Juliet" (1996) and "Titanic" (1997). the latter of which cemented his status as a global superstar. Over the years, DiCaprio has showcased his versatility in films like "The Aviator" (2004). "Start" (2010), and "The Revenant" (2015), for which he finally won an Academy Award for Best Actor.
Environmental Activism
Beyond his film career, DiCaprio is also renowned for his environmental activism. He established the Leonardo DiCaprio Foundation in 1998, focusing on global conservation efforts. His commitment to ecological issues often intersects with his public appearances. including those related to the Super Bowl.
The Super Bowl: An American Institution
History and Significance
The Super Bowl is the National Football League (NFL) championship game. is one of the most-watched sporting events in the world. First played in 1967, the Super Bowl has evolved into a cultural phenomenon. featuring high-profile halftime shows, memorable advertisements, and significant media coverage. The event attracts a diverse audience, from avid sports fans to casual viewers. making it a prime platform for celebrities to appear.
Entertainment and Advertisements
The Super Bowl is not only about football but also about entertainment. The halftime show features performances by some of the biggest names in the music industry. while the commercials are often as anticipated as the game itself. Companies invest millions in Super Bowl ads. creating iconic and sometimes controversial commercials that capture public attention.
Leonardo DiCaprio's Super Bowl Appearances
A Celebrity Among the Fans
Leonardo DiCaprio's presence at the Super Bowl has noted several times. As a high-profile celebrity. DiCaprio attracts
HD Video Player All Format - 4k & live streamHD Video Player
Discover the best video playback experience with HD Video Player. Our powerful, user-friendly app supports all popular video formats and codecs, ensuring seamless playback of your favorite videos in stunning HD and 4K quality. Whether you're watching movies, TV shows, or personal videos, HD Video Player provides the ultimate viewing experience on your device. 🚀
From Teacher to OnlyFans: Brianna Coppage's Story at 28get joys
At 28, Brianna Coppage left her teaching career to become an OnlyFans content creator. This bold move into digital entrepreneurship allowed her to harness her creativity and build a new identity. Brianna's experience highlights the intersection of technology and personal branding in today's economy.
Tom Cruise Daughter: An Insight into the Life of Suri Cruisegreendigital
Tom Cruise is a name that resonates with global audiences for his iconic roles in blockbuster films and his dynamic presence in Hollywood. But, beyond his illustrious career, Tom Cruise's personal life. especially his relationship with his daughter has been a subject of public fascination and media scrutiny. This article delves deep into the life of Tom Cruise daughter, Suri Cruise. Exploring her upbringing, the influence of her parents, and her current life.
Follow us on: Pinterest
Introduction: The Fame Surrounding Tom Cruise Daughter
Suri Cruise, the daughter of Tom Cruise and Katie Holmes, has been in the public eye since her birth on April 18, 2006. Thanks to the media's relentless coverage, the world watched her grow up. As the daughter of one of Hollywood's most renowned actors. Suri has had a unique upbringing marked by privilege and scrutiny. This article aims to provide a comprehensive overview of Suri Cruise's life. Her relationship with her parents, and her journey so far.
Early Life of Tom Cruise Daughter
Birth and Immediate Fame
Suri Cruise was born in Santa Monica, California. and from the moment she came into the world, she was thrust into the limelight. Her parents, Tom Cruise and Katie Holmes. Were one of Hollywood's most talked-about couples at the time. The birth of their daughter was a anticipated event. and Suri's first public appearance in Vanity Fair magazine set the tone for her life in the public eye.
The Impact of Celebrity Parents
Having celebrity parents like Tom Cruise and Katie Holmes comes with its own set of challenges and privileges. Suri Cruise's early life marked by a whirlwind of media attention. paparazzi, and public interest. Despite the constant spotlight. Her parents tried to provide her with an upbringing that was as normal as possible.
The Influence of Tom Cruise and Katie Holmes
Tom Cruise's Parenting Style
Tom Cruise known for his dedication and passion in both his professional and personal life. As a father, Cruise has described as loving and protective. His involvement in the Church of Scientology, but, has been a point of contention and has influenced his relationship with Suri. Cruise's commitment to Scientology has reported to be a significant factor in his and Holmes' divorce and his limited public interactions with Suri.
Katie Holmes' Role in Suri's Life
Katie Holmes has been Suri's primary caregiver since her separation from Tom Cruise in 2012. Holmes has provided a stable and grounded environment for her daughter. She moved to New York City with Suri to start a new chapter in their lives away from the intense scrutiny of Hollywood.
Suri Cruise: Growing Up in the Spotlight
Media Attention and Public Interest
From stylish outfits to everyday activities. Suri Cruise has been a favorite subject for tabloids and entertainment news. The constant media attention has shaped her childhood. Despite this, Suri has managed to maintain a level of normalcy, thanks to her mother's efforts.
The cats, Sunny and Rishi, are brothers who live with their sister, Jessica, and their grandmother, Susie. They work as cleaners but wish to seek other kinds of employment that are better than their current jobs. New career adventures await Sunny and Rishi!
The Evolution and Impact of Tom Cruise Long Hairgreendigital
Tom Cruise is one of Hollywood's most iconic figures, known for his versatility, charisma, and dedication to his craft. Over the decades, his appearance has been almost as dynamic as his filmography, with one aspect often drawing significant attention: his hair. In particular, Tom Cruise long hair has become a defining feature in various phases of his career. symbolizing different roles and adding layers to his on-screen characters. This article delves into the evolution of Tom Cruise long hair, its impact on his roles. and its influence on popular culture.
Follow us on: Pinterest
Introduction
Tom Cruise long hair has often been more than a style choice. it has been a significant element of his persona both on and off the screen. From the tousled locks of the rebellious Maverick in "Top Gun" to the sleek, sophisticated mane in "Mission: Impossible II." Cruise's hair has played a pivotal role in shaping his image and the characters he portrays. This article explores the various stages of Tom Cruise long hair. Examining how this iconic look has evolved and influenced his career and broader fashion trends.
Early Days: The Emergence of a Style Icon
The 1980s: The Birth of a Star
In the early stages of his career during the 1980s, Tom Cruise sported a range of hairstyles. but in "Top Gun" (1986), his hair began to gain significant attention. Though not long by later standards, his hair in this film was longer than the military crew cuts associated with fighter pilots. adding a rebellious edge to his character, Pete "Maverick" Mitchell.
Risky Business: The Transition Begins
In "Risky Business" (1983). Tom Cruise's hair was short but longer than the clean-cut styles dominant at the time. This look complemented his role as a high school student stepping into adulthood. embodying a sense of youthful freedom and experimentation. It was a precursor to the more dramatic hair transformations in his career.
The 1990s: Experimentation and Iconic Roles
Far and Away: Embracing Length
One of the first films in which Tom Cruise embraced long hair was "Far and Away" (1992). Playing the role of Joseph. an Irish immigrant in 1890s America, Cruise's long, hair added authenticity to his character's rugged and determined persona. This look was a stark departure from his earlier. more polished styles and marked the beginning of a more adventurous phase in his hairstyle choices.
Interview with the Vampire: Gothic Elegance
In "Interview with the Vampire" (1994). Tom Cruise long hair reached new lengths of sophistication and elegance. Portraying the vampire Lestat. Cruise's flowing blonde locks were integral to the character's ethereal and timeless allure. This hairstyle not only suited the gothic aesthetic of the film but also showcased Cruise's ability to transform his appearance for a role.
Mission: Impossible II: The Pinnacle of Long Hair
One of the most memorable instances of Tom Cruise long hair came in "Mission: Impossible II" (2000). His character, Ethan
Morgan Freeman is Jimi Hendrix: Unveiling the Intriguing Hypothesisgreendigital
In celebrity mysteries and urban legends. Few narratives capture the imagination as the hypothesis that Morgan Freeman is Jimi Hendrix. This fascinating theory posits that the iconic actor and the legendary guitarist are, in fact, the same person. While this might seem like a far-fetched notion at first glance. a deeper exploration reveals a rich tapestry of coincidences, speculative connections. and a surprising alignment of life events fueling this captivating hypothesis.
Follow us on: Pinterest
Introduction to the Hypothesis: Morgan Freeman is Jimi Hendrix
The idea that Morgan Freeman is Jimi Hendrix stems from a mix of historical anomalies, physical resemblances. and a penchant for myth-making that surrounds celebrities. While Jimi Hendrix's official death in 1970 is well-documented. some theorists suggest that Hendrix did not die but instead reinvented himself as Morgan Freeman. a man who would become one of Hollywood's most revered actors. This article aims to delve into the various aspects of this hypothesis. examining its origins, the supporting arguments. and the cultural impact of such a theory.
The Genesis of the Theory
Early Life Parallels
The hypothesis that Morgan Freeman is Jimi Hendrix begins by comparing their early lives. Jimi Hendrix, born Johnny Allen Hendrix in Seattle, Washington, on November 27, 1942. and Morgan Freeman, born on June 1, 1937, in Memphis, Tennessee, have lived very different lives. But, proponents of the theory suggest that the five-year age difference is negligible and point to Freeman's late start in his acting career as evidence of a life lived before under a different identity.
The Disappearance and Reappearance
Jimi Hendrix's death in 1970 at the age of 27 is a well-documented event. But, theorists argue that Hendrix's death staged. and he reemerged as Morgan Freeman. They highlight Freeman's rise to prominence in the early 1970s. coinciding with Hendrix's supposed death. Freeman's first significant acting role came in 1971 on the children's television show "The Electric Company," a mere year after Hendrix's passing.
Physical Resemblances
Facial Structure and Features
One of the most compelling arguments for the hypothesis that Morgan Freeman is Jimi Hendrix lies in the physical resemblance between the two men. Analyzing photographs, proponents point out similarities in facial structure. particularly the cheekbones and jawline. Both men have a distinctive gap between their front teeth. which is rare and often highlighted as a critical point of similarity.
Voice and Mannerisms
Supporters of the theory also draw attention to the similarities in their voices. Jimi Hendrix known for his smooth, distinctive speaking voice. which, according to some, resembles Morgan Freeman's iconic, deep, and soothing voice. Additionally, both men share certain mannerisms. such as their calm demeanor and eloquent speech patterns.
Artistic Parallels
Musical and Acting Talents
Jimi Hendrix was regarded as one of t
The Future of Independent Filmmaking Trends and Job OpportunitiesLetsFAME
The landscape of independent filmmaking is evolving at an unprecedented pace. Technological advancements, changing consumer preferences, and new distribution models are reshaping the industry, creating new opportunities and challenges for filmmakers and film industry jobs. This article explores the future of independent filmmaking, highlighting key trends and emerging job opportunities.
1. The Financial Health and Banking Channel Usage
of Canadian Households
April 8, 2009
Canadian Financial Monitor
2. The Canadian economy is weakening. According to RBC Economics Research, a rebound
in economic growth is anticipated in the second half of 2009 and will continue to gain
strength into 2010.
5
Real GDP
4
3
Annual % Change
2
1
0
Q1'07 Q2'07 Q3'07 Q4'07 Q1'08 Q2'08 Q3'08 Q4'08 Q1'09 Q2'09 Q3'09 Q4'09 Q1'10 Q2'10 Q3'10 Q4'10
-1
-2
-3
-4
Source: Statistics Canada (Q1’07 to Q4’08) RBC Economics Research (Q1’09 to Q4’10)
Canadian Financial Monitor 2
3. Despite all the negative numbers, Canada is still expected to be in a better position than many
other nations during this global economic crisis.
GDP % Change Previous Year
-3 -2 -1 0 1 2
2009** United Kingdom
Japan
Germany
Italy
France
United States
Canada
2010**
Source: IMF. **Forecast.
And while more Canadians have lost their jobs, unemployment rates are still higher in many
other developed countries.
France 8.1%
Germ any 7.2%
United
7.2%
States
Italy 6.7%*
Canada 6.6%
United
6.3%
Kingdom
Japan 4.5%
* The chart above shows unemployment rate in Dec. 2008 for all countries except Italy data in Sep. 2008. Source: OECD and
Bloomberg. Picture: TopNews.in
Canadian Financial Monitor 3
4. How has the economic
downturn impacted the
financial health of Canadian households?
Canadian Financial Monitor 4
5. $400,000
Net Worth = Total Assets – Total Debt
$350,000
$300,000
The wealth of Canadians (i.e. household net
worth) has ceased growing. After 4 years of
$250,000
steady growth, average household net worth has $200,000
declined for 2 consecutive years starting in $150,000
2007. $100,000
$50,000
$0
2000 2001 2002 2003 2004 2005 2006 2007 2008
Average Canadian Household Net Worth
Net Worth = Total Assets – Total Debt
Much of the wealth loss happened in the last $259,673 $258,833
quarter of 2008. After reaching a high in
Q2’08, average household net worth dropped
$248,654 $248,705
by 4% over the next two quarters.
Q1'08 Q2'08 Q3'08 Q4'08
Average Canadian Household Net Worth
Canadian Financial Monitor 5
6. A break down of the assets held by Canadians - % share of dollars – Total 2008
Average Market Value of Total Assets
$312,172
7
Real estate remains the single 31
biggest asset held by most
Canadians.
62
Total Households
Real Estate Investable Assets Automobiles
It has provided home owners with
some protection from the stock Non
Investable Household
market meltdown; percentage Net Worth
Assets
Investable
Debt
declines 2007 to 2008 on real estate % change - 2008 vs 2007 Assets
(non investable assets) have offset Total Households -1 -11 7 5
declines in investable assets.
Net Worth = Total Assets – Total Debt
Investable Assets = Chequing/Savings, GICs, Bonds, Stocks and Mutual Funds
Non Investable Assets = Real Estate and Automobiles
Debt = Credit Cards, Mortgages, Loans and Lines of Credit
Canadian Financial Monitor 6
7. $100,000
$90,000
Over the past 10 years, Canadians have $80,000
accumulated debt at a higher rate than $70,000
income growth. Average household debt has $60,000
increased by 44% over the past 10 years $50,000
$40,000
whereas household income grew by only
$30,000
28% over the same period. $20,000
$10,000
$0
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Average Household Debt Average Household Income
% of Households
55 54
53 53
The percentage of Canadians who are
51
Heavy Borrowers is increasing. This
suggests that the increase in overall
consumer debt is being driven by Heavy 25 25 25 25 25
20
22 21 22
24
Borrowers.
Debt Free Light Borrowers (Households with < Heavy Borrowers (Households with
$100,000 in debt) $100,000 or more in debt)
2004 2005 2006 2007 2008
Canadian Financial Monitor 7
8. Average Outstanding Balance (000’s)
$125
$116
Much of the rise in overall household debt is $95
$104
$107
being driven by mortgages. Over the past
few years, Canadians have taken out
increasingly larger mortgages; the average
mortgage balance has increased by almost $29
$32 $32 $31
1/3 in the past 4 years. $18 $19 $18 $18 $19
$24
$11 $11 $12 $11 $11
$5 $5 $6 $6 $6
Credit Cards Mortgages Loans Secured LOC Unsecured LOC
2004 2005 2006 2007 2008
Canadian Financial Monitor 8
9. How are Canadians reacting to the economic slowdown? Like others around the world, we are
cutting household spending.
Cut back on household spending, % yes
South Korea 87%
Argentina 84%
Turkey 84%
Mexico 83%
France 81%
China 80%
United States 80%
Great Britain 77%
Brazil 76%
India 76%
Australia 75%
Italy 75%
Russia 73%
Japan 73%
Total 72%
Canada 70%
Belgium 70%
Poland 68%
Spain 68%
Czech Republic 59%
Germany 59%
Sweden 52%
Netherlands 45%
Source: Ipsos Global Economic Meltdown; a poll of 22 Countries; December 2008
Q. Given the current state of the global economy, have you and your family had to cut back in your household spending recently?
Canadian Financial Monitor 9
10. Much of the reduction in consumer spending is on entertainment, vacations and luxury items.
% cutting back – average of all countries
Entertainment 76%
Vacations 73%
Luxury Items 72%
Clothing 59%
Energy Consumption 53%
Gasoline/Driving 47%
Groceries 41%
Cell Phone 33%
Cable TV 23%
Education 11%
Source: Ipsos Global Economic Meltdown; a poll of 22 Countries; December 2008
Q. What are the specific things that you and your family are cutting back on these days? Base: respondents who have cut back
Canadian Financial Monitor 10
11. Average
monthly
expenditure
$177 $169
$155 $151 $153 $165
$131 $132
While the average monthly expenditure has $107
$91 $97
$81
declined …
Eating out (Restaurants/Bars) Recreation (eg. movies, concerts, Clothing/Footwear
sporting events)
Q1'08 Q2'08 Q3'08 Q4'08
% of Households who have
spent money on
88 90 91 91
70 76 78 79
… the frequency of eating out, attending 55 56 59 56
movies, concerts or sporting events and
purchases of clothing or footwear has
remained relatively unchanged. Eating out (Restaurants/Bars) Recreation (eg. movies, concerts,
sporting events)
Clothing/Footwear
Canadian Financial Monitor 11
12. I am confident that the financial institutions I deal with have the financial strength to
survive in the current financial climate
% strongly agree (top 3 box on a 10 point scale)
51
49
46 46
39
Canadians still have a high level of confidence
towards their financial institutions. This is
especially true amongst older Canadians.
Total Households Under 35 35 to 49 50 to 64 >=65
* Source: Ipsos’s Market Now (Field work conducted between January 1 and 14, 2009).
Canadian Financial Monitor 12
13. This chart shows the incidence of Canadians using the various channels over
the past month.
100
90
The percentage of Canadians banking online is 80
70
approaching 60% and is almost as widely used as 60
50
Tellers. 40
30
20
10
0
2000 2002 2004 2006 2008
Teller ABM Online Banking Phone Banking
48 49
43
38 37
33
And the of Canadians using 3 or more channels
continues to steadily increase. 16
13 12
1 Only 2 Only 3 or more
2004 2006 2008
Canadian Financial Monitor 13
14. The information in this report primarily comes from Ipsos Canada’s
Canadian Financial Monitor.
The Canadian Financial Monitor (CFM) was launched in 1999 to address a
market need for an all encompassing study to track the ongoing financial health,
product holdings, banking habits, household expenditures and attitudes of
Canadians.
Results for CFM are collected from a large sample of 12,000 representative
Canadian households.
Information is collected on a monthly basis using a mail diary.
CFM captures a wide array of products including Chequing, Savings, GICs,
Bonds, Stocks, Mutual Funds, Credit Cards, Mortgages, Loans, Lines of Credit,
Life Insurance, Car and Home Insurance and Specialty Insurance.
The channel usage habits (i.e. Online, Phone, ABM, Teller), attitudes and
sentiments of Canadians are also monitored.
Canadian Financial Monitor 14
15. CFM is a large study (actual sample size for 2008)
Total Canada = 12,004
Toronto = 1,519
Montreal = 1,400
Vancouver = 672
BC Alb Sask Man Ont Que Atl
1,643 1,120 463 554 4,418 2,805 1,001
Canadian Financial Monitor 15