We caught up with Kurt Reiman, chief investment strategist at BlackRock, an institutional investment firm which markets the iShares suite of exchange-traded funds (ETF) to investors. Reiman will present at the upcoming MoneySense Road to Riches event on May 27 in Toronto. We’ll see you there, so pick up a ticket before they are all gone. Bring your questions for Reiman, and for blogger Bridget Casey, columnist and stockpicker Norm Rothery and Rudy Luukko from Morningstar Canada.
Zimbabwe should look at laying off ‘inessential’ civil service jobs in a bid to reduce government spending, according to a review by the International Monetary Fund. The Washington-based lender said that action to reduce the country’s wage bill could relieve the strain on public finances caused by severe regional drought and a slowdown of government reform efforts.
The Liberals are not forecasting a surplus but are in the position to do so by using prudent forecasting measures. The deficit peaked in the last recession at $19 billion in 2009. Since the recession in 2009, the Ontario debt grew by nearly half when measured against GDP. Debt is starting to slide from a peak of 39.1% of GDP but is only projected to recover to 2009 levels of 27% in 2030, 21 years later. Just good debt. Lots of it!