The majority of advisors (71 per cent) believe Canada's overnight interest rate will be higher on June 30, 2013 than it is today. While 69 per cent believe the Consumer Price Index will rise either one or two per cent over the next 12 months.The effects of the 2008 financial downturn are still being felt by Canadian investors:
- Advisors believe almost half (48 per cent) of their clients are more risk adverse since 2008.
- Thirty-seven per cent believe their clients are pessimistic about the current market conditions.
- Fear of losing capital (62 per cent) is the number one concern advisors hear from their clients followed by fear that their investment performance won't be enough to achieve their lifestyle goals (61 per cent).
- The money invested won't be enough for retirement (60 per cent) and fear that if markets crash, clients won't have enough time to make up any losses before retirement (59 per cent) are also concerns advisors hear.