Industry

Decorative pattern

Briefly:

(March 19, 2004) Trusteed pension funds recorded a second consecutive quarter of positive cash flow in the third quarter of 2003, according to StatsCan. The report says this improvement shows such pensions to be “well on the road to recovery.” Total assets in these funds hit a high of $614.4 billion during the quarter, but […]

By Staff |March 15, 2004

6 min read

Decorative pattern

Fund sales hit four-year high

(March 15, 2004) Net sales of mutual funds reached $5 billion in February, IFIC confirmed today, capping off the best RRSP season since 2000. “Sales for the first two months of 2004 totaled $6.9 billion, compared with only $16 million in the same period, one year ago,” said Tom Hockin, IFIC president and CEO. “Some […]

By Steven Lamb |March 15, 2004

3 min read

Decorative pattern

Latin American funds stage stealth rally

(March 12, 2004) Natural resource and Latin American equity mutual funds were February’s top performers in a month which saw the vast majority of funds gain ground, according to Morningstar Canada’s monthly report. “Broad-based strength in global equity markets drove approximately 96% of funds into positive territory last month, building on January’s gains,” says Morningstar […]

By Doug Watt |March 12, 2004

2 min read

Decorative pattern

Market rally stalled, not sidelined: Economist

(March 12, 2004) Stocks have stumbled badly this week and could fall even further, says economist Sherry Cooper, predicting a correction of about 10%. But Cooper believes this is not the end of the bull market. “While economic activity has slowed worldwide from the breakneck third-quarter pace of last year, lower interest rates and still-strong […]

By Doug Watt |March 12, 2004

2 min read

Decorative pattern

CPP Investment Board chief discusses

The federal finance minister appoints directors from the nominating committee’s list after consulting the provincial finance ministers. Once a year, directors evaluate the effectiveness of the board of directors, including assessing that “there has been no inappropriate pressure brought to bear on the board, any director or management in the investment, procurement or recruitment decisions […]

By John Craig |March 11, 2004

3 min read

Decorative pattern

Trusts don’t affect tax coffers: Study

R elated Stories Income trust expert says “lost tax” issue is overblown Regulators closely watching income trusts Regulators want more disclosure from income trusts Income trust market still hot The study also found the tax reduction was minimized by the capital gains realized when the companies converted to the trust structure. Because investors were assigning […]

By Steven Lamb |March 11, 2004

3 min read

Decorative pattern

B.C. planner still irked at IDA

(March 10, 2004) It’s been a month since Bernie Geiss resigned from the securities industry in a dispute with his dealer and the IDA over financial planning. Since then, the B.C.-based fee-for-service planner has received some clarification from the brokerage industry association, but hasn’t changed his mind about quitting. The disagreement centres around an IDA […]

By Doug Watt |March 10, 2004

3 min read

Decorative pattern

Briefly:

(March 12, 2004) Canadian consumers are were less optimistic in February, according to an Investors Group survey conducted by Decima Research. The Decima-Investors Group Index of Canadian Consumer Confidence dropped to 86.6, off 6.8 index points from November’s reading. “A number of smaller factors such as residual holiday bills, cold weather, higher heating bills and […]

By Staff |March 9, 2004

5 min read

Decorative pattern

Bad things do happen to good advisors, warns Advisor’s Edge

(March 9, 2004) So, you think the only advisors who get sued are the sharks, swindling little old ladies old of their retirement savings? Think again. “Yes, Virginia, you can get sued — it can happen to you,” says Deanne Gage, managing editor of Advisor’s Edge. “We thought it was very important to have a […]

By Steven Lamb |March 9, 2004

3 min read

Decorative pattern

RBC attacks consumer debt

(March 9, 2004) North American consumers are in far better financial shape than the recent spate of doom-and-gloom debt reports would have you believe, according to a report from RBC Economics. “The prevailing outlook on North American household finances underestimates employment, personal income and productivity growth,” said Derek Holt, assistant chief economist of RBC Economics. […]

By Steven Lamb |March 9, 2004

3 min read

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