Blame it on Olympic fever. It seems nothing is immune to the wave of Canadian pride sweeping the nation, not even how we choose to invest our money.
A new poll from CIBC Asset Management found the majority of Canadians, though primarily interested in long-term growth, remain reluctant to stray too far from home when it comes to investing our retirement portfolios.
Indeed, 68 per cent of Canadians surveyed said they plan to invest mainly in Canada this year.
Most, 59 per cent, plan to invest primarily in GICs or other guaranteed investments, savings accounts, bonds or bond funds; while 35 per cent plan to invest mainly in stocks or equity funds. Read More…