Friday, the S&P 500 stock index fell below its mid-June low of 3,666, wiping out the summer rebound. Fuelled by fears of rising inflation and global recession, the rout swept up bonds, energy, metals — pretty much everything except the U.S. dollar.
“Based on our data, we see that one in four Canadians are looking to minimize their market losses by cashing out in 2022. This could turn into a really big problem,” Romana King, senior finance editor with Finder, said in the press release. Confidence in stocks varies by region, the survey found, with Ontarians the least confident and British Columbians the most. One in three B.C. investors are somewhat or very confident they will meet or exceed their returns in 2022, the highest in Canada. Albertan investors are the most likely to stay the course, with 49 per cent using a buy-and-hold or long-term strategy, even though 45 per cent are unsure about the market.Pessimism is far from just a Canadian phenomenon.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Posthaste: Millions of Canadians are losing confidence in the stock market and plan to cash out\u0027This could turn into a really big problem\u0027
Source: financialpost - 🏆 7. / 85 Read more »
Posthaste: Millions of Canadians are losing confidence in the stock market and plan to cash outMillions of Canadians are losing confidence in the stock market and plan to cash out — via financialpost stocks stockmarket financialpost When something like that comes out, you know that's the wrong thing to do. financialpost Short of total economic collapse, once we hit the bottom here people have an opportunity to invest and maybe see some great returns. Of course it will be tricky to know when to buy. financialpost And yet..like the oft discussed fabled Democrat wave moving to Canada....the TSX will carry on. Slow news day?
Source: nationalpost - 🏆 10. / 80 Read more »
Posthaste: Millions of Canadians are losing confidence in the stock market and plan to cash outMillions of Canadians are losing confidence in the stock market and plan to cash out stocks stockmarket Better to ride out the recession (if it happens) in solid stocks. But voters need to push Govts for policies aimed at a future prosperous ecologically sound sustainable economy, with a more modern financial system to help make that happen. Canada example recovery economy It’s the media and liberal government we don’t have faith in. In turn they ruin everything they are near. Perfect, irrational fear presents buying opportunity.
Source: financialpost - 🏆 7. / 85 Read more »
Posthaste: Millions of Canadians are losing confidence in the stock market and plan to cash out\u0027This could turn into a really big problem\u0027
Source: calgaryherald - 🏆 64. / 52 Read more »