Industry News

December caps solid year for fund sales Fallback Image Decorative pattern

Industry

December caps solid year for fund sales

(January 5, 2005) December was a strong month for mutual fund sales, according to preliminary estimates released Wednesday by IFIC, wrapping up the best year the fund industry has seen since 2001. Net sales for December are expected to be around $1.2 billion. Total sales for 2004 will be likely be $14.7 billion, says IFIC […]

By Doug Watt |January 5, 2005

2 min read

Ottawa extends charity deadline Fallback Image Decorative pattern

Industry

Ottawa extends charity deadline

UNICEF Canada Development and Peace Save the Children Mennonite Central Commitee Canada Canadian Lutheran World Relief Charitable donations can be claimed in the year they are made, or can be carried forward to take advantage of higher deductibility rates for receipts totalling more than $200. Ottawa has pledged to match private donations, in addition to […]

By Steven Lamb |January 4, 2005

2 min read

Canadians embracing RRSPs, advice Fallback Image Decorative pattern

Industry

Canadians embracing RRSPs, advice

(January 4, 2005) Canadians are planning to contribute more to their RRSPs this year, with an average intended contribution of about $5,560, according to a report from RBC Financial Group. In its 14th annual survey of investors, RBC found that 65% of Canadians have an RRSP, up from 57% in 2002. “Canadians have always been […]

By Steven Lamb |January 4, 2005

2 min read

Advisor groups fight for telemarketing exemption Fallback Image Decorative pattern

Industry

Advisor groups fight for telemarketing exemption

(January 4, 2005) The federal government’s decision to move forward on establishing a do-not-call registry to cut down on telemarketing could have an effect on advisors who use such calls to build business. Advisor associations are hoping to get an exemption from the proposed rule. In December, Ottawa introduced legislation to establish a do-not-call registry, […]

By Doug Watt |January 4, 2005

3 min read