This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Canadian Investors Optimistic About The Future

Stocks in this article: MFC

Manulife Investor Sentiment Index reveals priorities for 2013

  • Nearly eight in ten Canadians are confident about achieving financial goals
  • Investor confidence softens slightly
  • Debt reduction is top finance-related New Year's resolution for 2013
  • Key regional findings included

TSX/NYSE/PSE: MFC SEHK:945

WATERLOO, ON, Jan. 17, 2013 /CNW/ - As we begin a new year, results from the latest Manulife Financial Investor Sentiment Index released today indicate that, while Canadian investors appear to have ongoing concerns about the economic environment, they are taking deliberate steps to achieve their financial goals and they remain optimistic about their future financial position.

"The good news is that Canadians remain optimistic about their financial future and they are taking some very simple, but concrete steps to continue making progress on their financial goals," said Paul Lorentz, Executive Vice-President, Investment and Insurance Solutions. "Canadians continue to be cautious about investing and with global economic challenges continuing to dominate our headlines, this is a trend we've been seeing for several quarters."

Overall, the Manulife Financial Investor Sentiment Index, which measures Canadians' perceptions about whether or not this is a good time to invest in a variety of savings and investment vehicles, showed that investor sentiment in Canada softened slightly through the second half of 2012. Results from the second half of the year show the Index now sitting at +20, down four points from July 2012 (+24) and down six points from December 2011 (+26).

"Canadians are now more focused on paying down debt which may be causing them to be more cautious about investing," added Mr. Lorentz. "The slight decline returns the Index to the December 2010 level, however it is positive to see that investor sentiment continues to remain significantly stronger than during the height of the economic downturn in 2008-2009."

Canadians optimistic about the future

Interest in investment and savings vehicles remains flat indicating a continued cautious outlook toward investing, however, Canadians say they are optimistic about their financial future. Currently almost eight in ten Canadians feel their financial position is either the same (43 per cent) or better (35 per cent) than it was two years ago.  Optimism for the future is higher with more than 90 per cent of Canadians indicating that two years from now their financial position will be either the same (39 per cent) or better (53 per cent) than today.

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs