The Canadian Press

2016-01-26 | CIBC Hoarding Cash

Preview Clip

A report by CIBC World Markets suggests Canadians are holding a record 75-billion dollars in extra cash and continue to sock away money at a rate not seen in more than four years.

Date: 2016-01-26
Placeline: TORONTO.
Source: The Canadian Press
Length: 32 seconds

Transcript Prediction: << normally that extra money would be invested in equities but CIBC says nervousness or volatility in the market says many people reluctant to take the plunge deputy chief Economist Benjamin tall says we're currently witnessing the creation of personal cash buffers larger than at any other time on report the report signs all Canadians are making cash a bigger part of their portfolios but those under 35 the farthest away from retirement are holding twice as much cash as those over the age of 65 John Kelly the Canadian press Toronto >>