Top five perceived risks are an economic recession, rising inflation, stock market volatility, rising interest rates, and global geopolitical risk
have been impacted by current economic conditions, according to a recent report by the Bank of Nova Scotia., which interviewed 1,022 Canadians, found that 59 per cent of them are feeling negative about their investments, up from 33 per cent in the fall 2021 survey.
; however, regular meetings with financial advisers and having a written financial plan diminish those concerns,” Neal Kerr, head of Scotia Global Asset Management, said in a press release.A separate survey by the Bank of Montreal found that 52 per cent of women are confident about retiring at their target age compared to 68 per cent of men.
“As the cost of inflation and the financial impacts of the pandemic have significantly affected many women, it’s understandable that they are feeling the need to rebuild their savings andat the age they had planned,” Gayle Ramsay, head of everyday banking and customer growth at BMO, said in a press release.
Overall, only 74 per cent of women said they feel in control of their finances compared to 84 per cent of men.
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