Adnews

Please login to continue

Username:

Password:

Adnews offers non-subscribers free access to one story per month.

Subscribe for unrestricted access to our content.

Forgot your login or password? Click here.

B.C. CONSUMERS STILL CONFIDENT IN RRSPS

Although B.C.'s economy has slowed down, consumers still plan on investing in RRSPs, according to a survey done by the Angus Reid Group. In the survey of 1,700 British Columbians, 61% plans to contribute to an RRSP for the 1998 tax year. This is up from the 46% who made a contribution in 1997. About half of the respondents plan to contribute more, or the same amount for 1998. Of those that plan to contribute, 24% will invest more than they did last year, while 26% will contribute the same amount. Thirty-eight per cent said they did not plan on making a contribution this year or didn't know if they would. Fifty-three per cent of the respondents said they plan to invest in mutual funds for their 1998 RRSP, while 8% plan to invest in stocks for their RRSP. The survey was commissioned by Credit Union Central of British Columbia.

« Back Next »

Related stories Comments