In the fickle hands of Lady Luck

Article Abstract:

Canadians are increasingly investing in lottery tickets and other forms of gambling even though they would have a far greater chance of making money by investing in their registered retirement savings plan. Spending on lottery tickets reached $3 billion in 1995, compared to about $1 billion in 1985.

Statistics, Gambling, Lotteries

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Smart options for risk-averse investors

Article Abstract:

Investors in guaranteed investment securities (GICs) increasingly sought other options as lending rates declined in 1996 and reduced their income from these interest-bearing investments. Several alternatives are discussed including bonds, strip coupons and mortgage-backed securities.

Analysis, Management, Personal finance, Varieties, Guaranteed investment contracts

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Virtual competitors: as technology races ahead, the banks face new rivals

Article Abstract:

Banking and financial services offered via the Internet and the telephone are an expanding market segment. Large, established banks are losing some business to these virtual banks, especially in niche markets such as interest-bearing savings accounts.

Banking industry, Economic aspects, Internet, Market share, Virtual corporations

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