CALGARY A year into the pandemic, a new report shows how many Albertans have had to dip into their savings due to job loss or lost wages. It also shows their financial wellbeing is worse in the west than it is in eastern Canada. The survey from FP Canada, the national group that certifies financial planners, shows that 57 per cent of working Albertans say their professional lives have been impacted during the pandemic. It shows that 24 per cent of people in this province were forced out of work and 25 per cent had their hours cut back. Because there was just so much less economic activity happening in the world that really impacted economies like (Alberta s), said Kevin Cork, a Calgary financial planner with the Absolute Group.
The Globe and Mail
JENNIFER ROBERTS Published December 31, 2009
This article was published more than 10 years ago. Some information in it may no longer be current.
Scary news on the mutual fund front: Gerry Coleman is 65.
Don t be too alarmed, The Globe and Mail s money manager of the decade isn t retiring just yet from the fund business. I still love it, Mr. Coleman says. I like a challenge, I m a very competitive guy and I like to win.
That s the problem. Mr. Coleman s a winner in an industry that tolerates losers quite well. The average Canadian focused equity fund lagged well behind the benchmark S&P/TSX composite over the 10 years to Nov. 30. CI Harbour, the fund run by Mr. Coleman since mid-1997, beat the index cold while exposing investors to less risk.