Laura MacMillan IA CIBC Private Wealth - Wood Gundy

A new study reveals that millennials are dumping friends because they lead them to overspend in social situations.

Gen Z and millennials on a budget say they’re dumping their wealthier friends because they’re afraid of lifestyle creep Young adults want friends in their own income bracket so they can avoid spendy friends who push them into a "cycle of debt."

As the country grapples with rising living costs and inflation, a new report reveals that for the sixth consecutive year, money remains the primary source of stress for Canadians, particularly for younger Canadians.

Nearly half of Canadians have lost sleep over financial stress, especially young people: survey

According to a new survey, young Canadians are increasingly the targets of financial fraud.

Young Canadians more frequent targets of financial fraud. How to protect yourself - National | Globalnews.ca Young Canadians are increasingly the targets of financial fraud, experts say, as the age group most comfortable with buying products online is likewise most exposed to risk.

If you're a new grad taking your first steps into the professional world, here are a few tips on how to choose the right first job.

What to look for in your first job after graduation—besides a good salary - MoneySense New grads are often shouldering debt, and many hope to land their first job quickly. Here are some factors to weigh before signing on the dotted line.

Canada’s Gen Z has shown greater willingness than its counterparts in other nations to jump into the world of , according to new research.

Canada leads the way for young investors | Investment Executive Almost half of Canadian Gen-Z investors are confident in their ability to reach their financial goals

Young, educated workers today are earning more than in previous generations, according to a new report.

Young Canadians faring well, earning more in today's economy: Desjardins | Investment Executive Report suggests the return on education is rising

Millennials are keeping their savings in cash rather than investing, a new survey has shown.

Cash is king for millennials with the group shunning other assets like stocks and bonds, survey shows Millennial workers are keeping their savings in cash rather than investing, a new survey from Schroders showed.

According to new research, a large portion of insolvency cases in Canada are coming from millennials that have to deal with student loans, high interest rates, credit card debts, and repaying CERB.

Millennials dominate insolvencies as credit card, student loan, CERB tax debts add up - BNN Bloomberg Insolvency trustee Doug Hoyes encounters a lot of Canadians with money troubles, but he's become particularly sympathetic to the plight of young people who find themselves financially underwater.

Jamie Golombek, Managing Director, Tax and Estate Planning with CIBC Private Wealth, discusses key takeaways from the 2023 federal budget.

2023 federal budget: Top takeaways

Despite being the youngest working generation, Gen Z is apparently doing a great job saving for retirement.

Study finds Gen Z doing an “extraordinary” job saving for retirement Despite being the youngest Working Generation, Gen Z is Apparently Doing a Great Job Saving for Retirement

Around half of all insolvencies filed in 2022 were by millennials, despite only accounting for less than 27 per cent of the Canadian population aged 18 and older, according to a new study.

​Nearly half of all insolvencies last year were filed by millennials: Study - BNN Bloomberg

According to a new study, over 46% of people in the millennial and Gen Z demographics are feeling burdened by the high cost of being an attendee.

Attending Weddings Is Preventing Millennials and Gen Z from Achieving Financial Goals According to a new study, people in the millennial and Gen Z demographics are feeling financial stress from attending weddings. See all the details ahead.

A new study has found that millennials and Gen Z are failing to save their money for future events and are instead spending what savings they have on entertainment.

Study: Millennials, Gen Z Not Saving For A Rainy Day A new Prudential study finds a disturbing trend among younger savers.

The Bank of Canada and the Fed have to make sure that inflation is dead before they ease monetary policy." CIBC's Benjamin Tal discusses the ongoing fight against inflation and what we can expect from the housing market this year.

2023 Economic Outlook – Light at the End of the Tunnel? With Benjamin Tal, Managing Director and Deputy Chief Economist atCIBC Capital Markets Inc.Archival CIBC branch photo courtesy of Ellis Wiley, CC BY 2.0 http...

Inflation is coming down and the Bank of Canada is having an impact. CIBC’s Benjamin Tal takes us through the factors that are influencing inflation, and the role of interest rate increases in managing demand.

Benjamin Tal talks inflation and the key factors driving it

“Our overall picture is for a much better year in 2023 than in 2022”. CIBC’s Ian de Verteuil sees opportunity on the horizon and good news for the year ahead in Canadian equity markets.

Ian de Verteuil reviewsopportunities on the horizon for 2023

With many travelling home for the holidays, unlike their elder counterparts, many Gen Z and millennials are relying on their parents or family to pay for their travel expenses this holiday season.

Gen Z Is Relying On Parents’ Money To Go Home for the Holidays, Study Finds It's peak travel season, with droves of Americans headed home for the holidays. Gen Zers will be among those Americans. About half of the demographic plans to travel home this yuletide, according to a...

CIBC’s Jamie Golombek walks us through some tips for tax-loss selling and the unique opportunity that foreign exchange may hold this year.

Jamie Golombek explains how to take advantage of tax loss selling

For many, visiting family for the winter holidays is a matter of "how," not "if." But this year, rising costs could make travel less affordable.

Millennial Money: Set financial limits for holiday visits - BNN Bloomberg Having conversations about financial boundaries can be intimidating, but there are ways to make compromises that keep the holidays feeling special without derailing your goals.

Many from Gen z are just starting out as adults in a fragile financial situation, dealing with the rising cost of living, rent payments, student loan debt and more, but they're getting ahead of the curve with their financial planning.

How Gen Z Differs From Boomers When It Comes To Retirement Planning Generation Z -- defined as anyone born from 1997 to 2012 -- is in a unique situation when it comes to their money. Many are just starting out as adults in a fragile financial situation, dealing with...

Now is a good time to review your personal finances and take advantage of any tax planning opportunities before the December 31st deadline. CIBC's Jamie Golombek outlines a wide range of tax tips in his latest report: https://hearsay.social/3WIYML1

2022 YEAR END TAX TIPS

In many parts of the world, stagflation—the bitterest of economic pills—has a made a comeback. CIBC's Luc De la Durantaye explains how a variety of factors have ignited inflationary pressures not seen since the 1970s.

PERSPECTIVES FALL 2022: Managing risk in uncertain times Chief Investment Strategist and CIO of CIBC Asset Management, Luc De la Durantaye, provides his perspectives on our uncertain economic landscape for Fall 2022.

Love may not “cost a thing,” as Jennifer Lopez once sang, but dating sure does. According to a recent survey, dating is hitting millennials’ and Gen Z’s wallets particularly hard.

22% of millennials are going into debt from dating: 'Everything is getting more expensive' About 22% of millennials and 19% of Gen Zers have dating-related debt, according to an analysis by Lendingtree. Here's how making a budget can help.

Gen Z joined the workforce just before the COVID-19 pandemic hit, a time of uncertainty and economic turmoil across all generations. Despite this, Gen Z was determined to prioritize their retirement savings.

Gen Z wants to learn from millennials' mistakes in The Great Recession They're determined to make good decisions

Amid rising inflation, interest rates and recession worries, money is getting tighter for many folks. But if you want to be responsible with your money, you have to know where to draw the line.

Millennial Money: When is it OK to be selfish with money? - BNN Bloomberg Amid rising inflation, interest rates and recession worries, money is getting tighter for many folks — and probably for you.

CIBC's Avery Shenfeld shares insights about the fight against inflation, the anticipated growth of the Canadian economy, and what’s in store for investors.

Fall 2022 economic outlook - Recession on the way?

With the inflation rate at a nearly four-decade high, everything is becoming more expensive. Some millennials are even scaling back on trying to find 'the one' thanks to rising costs.

Cheap date? Finding 'the one' on a budget when everything costs more - BNN Bloomberg With the inflation rate at a nearly four-decade high of 8.1 per cent, the rising cost of living is putting pressure on people simply trying to engage in everyday activities, including dating.

Graduating from college during uncertain economic times can be scary. Millennials have been there and done that. Hear what kind of advice they're imparting to Gen Z's as they finish their post-secondary studies.

Hey, Gen Z: Here's What Millennials Say About Riding Out a Recession The older generation learned some important financial and career lessons during the Great Recession.

"The bond market appears to be wrestling with two key themes. How will central banks cool inflation, and will being too aggressive cause a recession?" CIBC's Adam Ditkofsky explains how both these themes are fighting for dominance in this volatile market.

BOND MARKET OUTLOOK: Where we see opportunity With Adam Ditkofsky, Vice-President, Global Fixed Income at CIBC Asset Management

With the youngest millennials closing in on their 30s, financial planning and awareness are becoming increasingly important to them. Here are 4 tips from experts on how to ensure financial success in the future.

Millennials and their money: Tips from the pros The youngest millennials are closing in on their 30s, which means financial awareness and understanding have become even more important, a financial advisor said.

The world is experiencing its first truly synchronized global monetary policy tightening act. As a result, investors should account for a more severe economic slowdown over the coming year as inflation returns closer to central banks’ targets.

Perspectives: Summer 2022 – Inflation forces hand of central banks

Living through multiple financial crises and recessions has impacted the way millennials are now managing their money. According to a new study, millennials are more confident in their abilities to protect their finances than Gen X or Boomers.

Past financial crises have made millennials 'more cautious, more proactive' in how they manage money, survey finds More than half of millennials surveyed feel confident in their ability to protect their finances if there is a recession, finds Nationwide Retirement Institute.

"If you give the BoC two options: inflation expectations rising or a recession, they will take a recession any time. Their goal is not preventing recessions, rather to prevent you and me believing that inflation is not under control," says CIBC's Ben Tal.

Summer 2022 economic outlook: Short-term pain for long-term gain

Gen Z and Millennials have a lot of differences, but they both inherited these three financial habits from their upbringing. Can you guess which ones?

Gen Z and Millennials Both Inherited These 3 Financial Habits The two generations aren't so different when it comes to money.

"I would say we are seeing some kind of a regime change in the market, where the market is trying to price in higher inflation." Watch this new global equities update with Amber Sinha, Senior Portfolio Manager at CIBC Asset Management.

Global Equities Outlook Featuring Amber Sinha, Senior Portfolio Manager, CIBC Asset Management

Millennials have often received a lot of attention for job hopping, mountains of student debt and FOMO culture. But Millennials are growing up, and many of them are prioritizing financial independence and thinking seriously about their path to retirement.

Millennials Want a Different Kind of Retirement | Kiplinger Here’s what Millennials’ retirement dreams look like … and how they can get there.

The recent rise in short-term bond yields is an advantageous opportunity for our clients. CIBC Asset Management's Patrick O’Toole explains how the pace of rate increases by the Bank of Canada has changed the outlook for the Canadian bond market.

Short-term fixed income opportunity The recent rise in short-term bond yields is an advantageous opportunity for our clients. In this video, Patrick O’Toole, Vice-President, Global Fixed Income...

It's clear that millennials have very different investment behaviours than previous generations. A new survey finds that millennial investors can be grouped into one of four retirement personas. Which one are you?

What type of retiree could your millennial client become? Survey of investors finds respondents from millennial generation can be grouped under four personas

Commodities continue to steal the spotlight. The price of oil has pulled back after recent record highs, but as CIBC's Daniel Greenspan explains, “it's certainly not just in oil and energy, we're seeing it in all the commodities with big moves in prices”.

GLOBAL COMMODITIES UPDATE Daniel Greenspan, Senior AnalystCIBC Asset Management