Industry

Decorative pattern

Regulators approve new fund of funds rules

(October 17, 2003) Mutual funds composed of other mutual funds — an increasingly popular product for advisors and investors looking for customized asset allocation — will now have more flexibility in how they allocate assets. The Canadian Securities Regulators has approved amendments to National Instrument 81-102. Until now, mutual funds could invest no more than […]

By Scot Blythe |October 17, 2003

2 min read

Decorative pattern

Canadians ready to invest, expecting stronger 2004

(October 16, 2003) Canadians are more optimistic about the markets for the upcoming year, but few realize the strength equities have shown already this year, according to a survey by Investors Group. Despite the TSX Composite index’s year-to-date gains of over 17%, only 36% of respondents were aware of the rally. Optimism for the future […]

By Steven Lamb |October 16, 2003

2 min read

Decorative pattern

BoC keeps rate steady, as expected

(October 15, 2003) The Bank of Canada has left its trendsetting interest rate untouched at 2.75%. Economists had expected no change, but many in the business community have been calling for a rate cut to fight the rise in value of the loonie. “It was predictable, given the recent speeches but I think it was […]

By Steven Lamb |October 15, 2003

2 min read

Decorative pattern

Morningstar: Canadian funds lose ground

(October 15, 2003) Canadian mutual funds gave back some of the gains made in the past five months, as Morningstar Canada revealed that only 11 of 32 Morningstar Canada Fund Indices posted gains in September. Nearly 80% of the funds tracked by Morningstar remain in positive territory on a year-to-date basis, thanks in large part […]

By Steven Lamb |October 15, 2003

2 min read

Decorative pattern

Net fund sales slide in September

(October 15, 2003) Investors continued to cash out of money market funds, driving September’s net sales of mutual funds into negative territory, according to IFIC’s monthly industry report. Gross fund sales hit $8.3 billion, with reinvested distributions accounting for a $648 million of that total. There was an outflow of $885 million from money market […]

By Steven Lamb |October 15, 2003

2 min read

Decorative pattern

Standard Life concerned about over-regulation of CAPs

(October 14, 2003) Standard Life has released its response to the Joint Forum of Financial Industry Regulators’ proposals regarding employer-sponsored pension plans and Group RRSPs. While welcoming the initiative as a means to “develop a foundation for the effective regulation of capital accumulation plans (CAP),” the firm has expressed concern that the current proposal will […]

By Staff |October 14, 2003

2 min read

Decorative pattern

Briefly:

(October 16, 2003) Applications for life insurance jumped by 4.4% in Canada for September, on a year-over-year basis, according to the MIB Life Index. The 60+ age group led the pack, with a 19% increase in the number of applications for life insurance. In North America as a whole, insurance applications rose 2.2%, with U.S. […]

By Staff |October 14, 2003

2 min read

Decorative pattern

Cartier rumours abound in Talvest Town Hall

(October 10, 2003) Rumours continue to fly in the Talvest Town Hall over the fate of Cartier Partners Financial Group, including speculation that a deal will be announced by the end of the month. Things heated up when a user identified only as “Industry Specialist” offered his two cents. “There will not be many buyers […]

By Steven Lamb |October 10, 2003

2 min read

Decorative pattern

Markets set for further gains, says analyst

(October 9, 2003) It’s been a year since North America’s stock markets bottomed out and began showing signs of recovery. And although the rally has been tentative at times, one analyst is predicting markets will continue to rise well into the new year. Larry Berman, chief technical strategist at CIBC World Markets, expects two benchmark […]

By Doug Watt |October 9, 2003

2 min read

Decorative pattern

Survey: Opposition to bank mergers a

(October 9, 2003) Canadian banks are shrouded in myth, leaving Canadians unsure how to proceed with market consolidation in the financial services industry, according to an Environics survey for Cap Gemini Ernst & Young Canada. The survey reveals that Canadians believe the banks to be giants not only at home, but on a global scale, […]

By Steven Lamb |October 9, 2003

2 min read

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