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It would appear that a lot of Canadians think the stock market has become a casino ...
Families sitting on up to $1-trillion
Virginia Galt
Globe and Mail Update Last updated on Monday, Sep. 28, 2009 09:32AM EDT
Risk-averse Canadian households are sitting on up to $1-trillion of cash and “near-cash” holdings, earning next to nothing, Scotia Capital Inc. says in a new research report.
This caution is justified, to a certain extent, given the financial shocks of recent years, economist Derek Holt said in releasing his analysis.
“Large cash holdings at a particular point in time may make sense if one is bearish, but sustained over a number of years it is difficult to justify,” he said
... some of the comments that follow the article are smarter than the analysts. :cool:
Families sitting on up to $1-trillion
Virginia Galt
Globe and Mail Update Last updated on Monday, Sep. 28, 2009 09:32AM EDT
Risk-averse Canadian households are sitting on up to $1-trillion of cash and “near-cash” holdings, earning next to nothing, Scotia Capital Inc. says in a new research report.
This caution is justified, to a certain extent, given the financial shocks of recent years, economist Derek Holt said in releasing his analysis.
“Large cash holdings at a particular point in time may make sense if one is bearish, but sustained over a number of years it is difficult to justify,” he said
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