Canadians looking at investing outside of the country in greater numbers by The Canadian Press Posted Feb 24, 2016 2:00 am MDT Last Updated Feb 24, 2016 at 10:40 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email TORONTO – Canadian investors are increasingly looking at putting their money to work outside the country despite the drop in the loonie, a CIBC poll suggests.The survey found that 41 per cent of Canadians investing for retirement in stocks or mutual funds will invest mainly outside of the country.That result is up from 31 per cent in a similar poll last year.The poll conducted in January by Vision Critical found 15 per cent of those surveyed said they planned to add to their U.S. investments, while another 15 per cent were investing in emerging markets.Eleven per cent planned on stocks and mutual funds in developed markets such as Europe.The online poll was done by Vision Critical from Jan. 20 to 22.Much of the Canadian stock market is based in three key sectors — energy, mining and financials. The concentration meant last year that the S&P/TSX composite index suffered due to weakness in oil and other commodity prices.“While it’s natural for investors to have a ‘home bias’ by overweighting your portfolio to domestic stocks, taking a Canada-only approach can hurt returns,” says Luc de la Durantaye, managing director, asset allocation and currency management, CIBC Asset Management.“Canada accounts for only about three per cent of the world’s market capitalization, so diversifying geographically can strengthen your portfolio for the long-term.”The Canadian dollar has come off highs of recent years to trade at its lowest level against the U.S. dollar in more than a decade earlier this year.And while the drop in the loonie has made buying investments in the U.S. more expensive, it has also given a boost to U.S. stocks in Canadian dollar terms even with the relatively flat year for the S&P 500 in 2015.The CIBC suggested that with the recent volatility on the stock market and the lower loonie, 22 per cent of investors are looking at “alternative asset” classes that include real estate or infrastructure.Another 26 per cent said they wanted to learn more about alternative asset classes, the poll said.The polling industry’s professional body, the Marketing Research and Intelligence Association, says online surveys cannot be assigned a margin of error as they are not a random sample and therefore are not necessarily representative of the whole population.
Being launched this October, the Best Practice Programme (UK) will show delegates from the automotive supply chain, training providers and other interested parties, excellent examples of modern business management in UK auto manufacturing. For more details, or to apply for the course, please contact: Academy Chief Executive, Dr Alan Begg said of the new programme, ‘If the UK is to retain a viable manufacturing base, automotive companies must embrace and apply the very best in industry practices. The Academy’s Best Practice (UK) programme will expose people to the very best elements of our industry and help them to apply those tools and techniques to their place of work. I applaud the spirit and generosity of the people and companies who will open their doors to us.’ East or West? Home is Best. Applications are now open for the first programme to be run between 17-21 October, with a second running from 14-18 November. The delegate rate of £2,500 includes all the course materials, transportation between venues, bed and breakfast accommodation and dinner. Also included is exclusive access to the special guests joining the programme to share their experiences and expertise. Did you think the very best of automotive manufacturing can only be experienced in Japan? Then think again! Japanese companies may have pioneered the most advanced ideas and set the global standard, but many UK organisations, have now embraced those same lean tools and techniques and can provide an excellent forum for learning. This is the message being given on the Automotive Academy’s new Best Practice Programme. The five-day programme is made up of a series of themed workshops and company visits to the likes of Nissan in Sunderland, TI Automotive in Telford, Kautex Unipart in Coventry and, for a non-auto perspective, Electrolux in County Durham. Each visit will show leading-edge aspects of process management such as cost engineering, lean accounting, problem solving, lean manufacturing and e-procurement. Topic experts will also join the group over dinner each evening for lively discussion. Arthur David on 0121 717 6600, e-mail firstname.lastname@example.orgIan Buckingham on 0121 717 6655, e-mail email@example.com Note:The full course brochure can be downloaded belowDownloadClick to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)