Industry News

Decorative pattern

Second straight monthly slump for fund sales

(November 2, 2004) Mutual fund sales were likely in net redemptions in October, but only by about $50 million, according to preliminary data from IFIC. Net new fund sales for the past month are estimated to be between minus $250 million and plus $150 million, IFIC said Tuesday. “The majority of these redemptions continue to […]

By Doug Watt |November 2, 2004

1 min read

Decorative pattern

Ontario acts on civil liability, independent tribunals

(November 2, 2004) The Ontario government is moving ahead with several key changes to the province’s securities legislation, including giving investors the right to sue companies for fraud and restructuring the Ontario Securities Commission. Chair of Management Board Gerry Phillips says the creation of a single national securities regulator remains his top priority. But he’s […]

By Doug Watt |November 2, 2004

2 min read

Decorative pattern

Oh Canada! Canuck funds tops in October

(November 2, 2004) Canadian mutual fund investors who put their money into domestic equities were well rewarded in October, as Canadian equity funds outperformed, according to preliminary data from Morningstar Canada. Record-high oil prices gave a big boost to the Canadian stock markets, while stifling advances in the other jurisdictions, most notably in the U.S. […]

By Steven Lamb |November 2, 2004

2 min read

Decorative pattern

Briefly:

(November 5, 2004) The CPP Investment Board announced a quarterly return of 1.2%, coming largely on the back of its fixed-income portfolio, which gained 2.2%. By the end of September, the fund had earned $906 million, rising to $75.2 billion. “Our focus remains on the long term,” said John MacNaughton, president and CEO of the […]

By Staff |November 1, 2004

7 min read

Decorative pattern

Regulators defend transparency policies

(November 1, 2004) The Ontario Securities Commission is facing criticism over its plan to allow staff to disclose ongoing investigations to the public, a policy shift from its traditional choice to neither confirm nor deny such probes. “The refusal to confirm or deny is the right approach for a regulator. I don’t think a regulator […]

By Steven Lamb |November 1, 2004

3 min read

Decorative pattern

OSC looks abroad in considering mutual fund fix

(November 1, 2004) The Ontario Securities Commission (OSC) has a close eye on American and British rulemaking efforts to deal with fallout from the late-trading and market-timing scandals that afflicted the mutual fund industry last year. The Commission is also reviewing IFIC comments proposing better internal controls, the use of watch lists and enhanced focus […]

By Philip Porado |November 1, 2004

2 min read

Decorative pattern

Canadian GDP growth continues to surprise

(October 29, 2004) Canadian economic growth continues to surprise analysts, with StatsCan reporting overall growth of 0.5% in August, and the manufacturing and services sectors experiencing strong growth. “Overall, August’s GDP report was about as good as you could have asked for,” wrote CIBC World Markets economist Warren Lovely in a research note this morning. […]

By Steven Lamb |October 29, 2004

2 min read

Decorative pattern

Advocates seek public access to OSC conference

(October 29, 2004) Investor advocates are demanding free public access to the Ontario Securities Commission’s annual one-day industry conference, Dialogue with the OSC. The conference, scheduled for Monday, is traditionally industry-only, but that’s something advocate Robert Kyle would like to change. “It is disingenuous for the OSC to state that they wish to address the […]

By Doug Watt |October 29, 2004

2 min read

Decorative pattern

Insurance probe expands

(October 29, 2004) Regulatory and public scrutiny continues to intensify in the insurance industry, forcing firms to respond to criticism of common business practices and broker compensation. On Thursday, the Canadian Council of Insurance Regulators (CCIR) announced it was launching a joint investigation with the Canadian Insurance Services Regulatory Organizations (CISRO) into relationships between insurers […]

By Steven Lamb |October 29, 2004

3 min read

Decorative pattern

Fixed-rate mortgages losing market share

(October 28, 2004) Canadians still prefer the safety and security of a fixed-rate mortgage, but variable-rate mortgages are gaining in popularity, a new survey released today by BMO Financial Group suggests. The study found that 68% of homeowners held a fixed interest-rate mortgage, while 22% favoured a variable, or floating-rate, mortgage. BMO vice-president Maria Racanelli […]

By Doug Watt |October 28, 2004

3 min read

← Previous 1 … 2,238 2,239 2,240 2,241 2,242 … 2,347 Next →