Industry News

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Canadians not saving enough, survey confirms

(October 21, 2004) Only 42% of Canadians have stashed away “rainy day” money and three-quarters say they would have enough cash to last only three months if they were without a regular source of income, according to a study released today by Scotiabank. “The good news is that Canadians are saving more than Americans,” says […]

By Doug Watt |October 21, 2004

2 min read

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Advisors struggling to service HNW clients

(October 21, 2004) Although mutual funds remain the dominant choice for Canadian investors, fund-only advisors catering to high-net-worth clients are worried about being able to compete as those clients gather more assets. Advisors recognize that it is becoming increasingly difficult to adequately service HNW clients without offering individual securities, says Keith Sjogren, head of Taddingstone’s […]

By Doug Watt |October 21, 2004

3 min read

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Global economy slowing: Scotiabank

(October 20, 2004) The global economic recovery that was much-touted in 2003 is facing pressure on several fronts, as countries adjust to soaring commodity costs and increased currency volatility, according to Scotia Economics’ Global Outlook report. But the report says that the North American economy will lead the world in 2005. “NAFTA will lead the […]

By Steven Lamb |October 20, 2004

3 min read

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Pension members admit they need advice

(October 20, 2004) Many corporate pension plan members are in dire need of financial advice, relying on their firm’s human resources staff to explain their options, according to a survey conducted by Decima Research for the Investor Education Fund. “Pension plan members do consider their plan to be crucial to their overall retirement strategy; however […]

By Steven Lamb |October 20, 2004

3 min read

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Advisor Forum update: Building a better business model for advisors

(October 20, 2004) Advisors need to make a quantum leap and radically change both the staffing and economic structure of their practices if they want to be successful, according to respected industry consultant Mark Tibergien, a principal at Moss Adams LLP, and a keynote speaker at the Advisor Forum in Halifax on Tuesday. The traditional […]

By Doug Watt |October 20, 2004

3 min read

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Inside Edge: Making sense of Dollars & Sense

(October 19, 2004) “Everybody’s talkin’ at me. I don’t hear a word they’re sayin’.” Perhaps you recognize the opening lines to Harry Nilsson’s hit single from the soundtrack of Midnight Cowboy, the Academy Award winner for Best Picture in 1969. With this year’s Annual Dollars & Sense Survey pegging the average advisor’s age at 46.4 […]

By Darin Diehl |October 19, 2004

3 min read

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Advisor Forum update: Tapping into wealth market key for unhappy advisors, Bowen says

(October 19, 2004) Nearly half of Canadian advisors aren’t satisfied with their level of success, according to a survey presented at the Advisor Forum in Halifax. That could be because most advisors aren’t making as much as money as they had hoped and don’t know how to tap into the lucrative wealth management market, says […]

By Doug Watt |October 19, 2004

2 min read

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Bay St. earnings to outstrip Wall St.

(October 19, 2004) Canadian corporate earnings are set to outstrip those in the U.S. as third-quarter earnings season gears up, thanks to soaring commodity prices, according to CIBC economists. Due to the heavy weighting assigned to our resource sector, the price-to-earnings ratio for the entire TSX Composite Index could be affected, making Bay Street more […]

By Steven Lamb |October 19, 2004

2 min read

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Briefly:

(October 22, 2004) The Canadian Pension Plan Investment Board (CPPIB) today announced four new private equity investments, worth $740 million. The board has committed $300 million US to the KKR Millennium Fund, 80 million euros to Partners Group Secondary, $90 million US to VSS Communications Partners and $100 million US to MidOcean Partners. The CPPIB’s […]

By Staff |October 18, 2004

5 min read

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Canada enjoys foreign investment surplus

(October 18, 2004) Foreign investors gave the Canadian economy a vote of confidence in August, purchasing $897 million in net securities, despite a “substantial” sell-off in money market instruments, according to the latest report from StatsCan. At the same time, Canadian investors unloaded $1.1 billion in foreign securities, with a roughly even split between equities […]

By Steven Lamb |October 18, 2004

2 min read

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