Industry News

Decorative pattern

Competition to heat up in HNW sector, says researcher

(August 27, 2004) Competition will soon become fierce in the financial advice industry, especially in the high net worth sector, as growth in the wealth market slows, according to one prominent researcher. “Over the next ten years we are going to experience slower growth,” says Goshka Folda, senior consultant and managing director at Investor Economics. […]

By Steven Lamb |August 27, 2004

2 min read

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Bond market softened in Q2

(August 26, 2004) Canada’s fixed income market saw reduced activity in the second quarter of the year, as a number of factors combined to dampen the enthusiasm of bond traders. “Growing jitters over the softer U.S. economy, rising interest rates, surging oil prices and geopolitical tensions fuelled the turbulence in the Canadian bond market,” the […]

By Doug Watt |August 26, 2004

1 min read

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IFIC releases guidelines on fund trading

mandatory deterrence fees for inappropriate short-term trading fair value pricing restricting future purchases in client accounts where market timing or inappropriate short-term trading is identified. “It is important to give fund managers the flexibility to protect the interests of their unitholders,” says Hockin. “Through the use of one or several of these tools, IFIC is […]

By Steven Lamb |August 25, 2004

3 min read

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Interest rates seen rising in September

(August 25, 2004) It has become something of a foregone conclusion that the Bank of Canada will soon tighten interest rates, but the question remains: How fast and how far will rates go? At a meeting earlier this week of the Canadian Association of Business Economists in Kingston, Ontario, Bank of Canada deputy governor David […]

By Steven Lamb |August 25, 2004

2 min read

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Global manipulation suppressing gold prices, study concludes

(August 24, 2004) The price of gold has been spending a lot of time lately over the $400 US an ounce mark as a result of international tensions, but it is still grossly undervalued, according to John Embry, chief investment strategist at Sprott Asset Management. “We believe gold is well launched into a multi-year bull […]

By Steven Lamb |August 24, 2004

3 min read

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Briefly:

(August 27, 2004) Royal Bank of Canada has released its latest quarterly earnings report, showing a slight, 1% dip in profits, at $768 million based on U.S. generally accepted accounting principles (GAAP). Under Canadian GAAP, profits were off 5% at $746 million. The earnings decline comes as increases in total revenues, which were up $103 […]

By Staff |August 23, 2004

7 min read

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Advocis proposal sparks lively debate

(August 23, 2004) It’s not a new proposal, but Advocis’ position that financial advisors should be regulated by a new independent professional body has stirred up fresh debate in Advisor.ca’s Talvest Town Hall. Advocis president Steve Howard provided details of the Advocis model before an Ontario government committee last week. According to Howard, securities regulators […]

By Doug Watt |August 23, 2004

2 min read

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Fund Library offers new ratings system

(August 23, 2004) For many novice investors, mutual funds are a good place to start, offering instant diversification and an occasionally clear statement of how the manager invests. They are relatively simple for an advisor to explain, but most clients still like to see some kind of independent research, telling them what they can expect […]

By Steven Lamb |August 23, 2004

4 min read

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Advocis brings advisor perspective to committee hearings

(August 20, 2004) Any new national securities regulatory structure must be acceptable to the advisor community, says the president of Advocis. Steve Howard says he’s concerned that the voice of advisors is not being heard in the current debate over securities reform. Howard appeared on Thursday afternoon before Ontario’s standing committee on finance and economic […]

By Doug Watt |August 20, 2004

3 min read

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M&A activity continues to heat up

(August 19, 2004) In what could be a positive sign for the markets, the second quarter of the year marked a three-year high for mergers and acquisitions (M&A) activity in Canada, according to a report from Crosbie & Company. Not only did the number of deals made increase, but the total value of M&A activity […]

By Steven Lamb |August 19, 2004

3 min read

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