Industry News

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What’s missing from your lineup?

(April 5, 2004) The best team in the league can tell you, the right players might not be enough to win the cup — sometimes it takes a pair of eyes off the ice to really see the whole picture. This month’s Advisor’s Edge cover story looks at the notion of hiring a coach to […]

By Steven Lamb |April 5, 2004

2 min read

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Brown: Fund issues not systemic

(April 5, 2004) The Canadian mutual fund industry is struggling with some of the same problems as their U.S. counterparts, but the issues do not seem to be systemic, according to OSC chairman David Brown. Brown’s remarks were part of a breakfast meeting at the Toronto Board of Trade on Monday to kick off IFIC’s […]

By Steven Lamb |April 5, 2004

2 min read

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Fund values drop, sales firm in March

(April 2, 2004) All good things must come to an end and the run of positive mutual funds returns is no exception. March was a poor month for investors, as 21 of 32 Morningstar Canada Fund Indices turned in negative results, according to preliminary data from the fund industry watcher. The poor performance didn’t turn […]

By Steven Lamb |April 2, 2004

2 min read

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IDA launches new industry analysis

(April 2, 2004) The IDA has launched a new quarterly industry report, called IDA Wealth Watch, a publication aimed at the retail investment dealer. “The first edition is a little broad in coverage, because it’s really meant to define the business and identify some broad trends and drivers,” says Jon Cockerline, director of capital markets […]

By Steven Lamb |April 2, 2004

2 min read

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Provinces struggle to balance books

$62 million budget surplus for 2004, as predicted but with decreased reliance on Fiscal Stabilization Fund 2005 balanced budget projected Financing requirements should come in under budget by $100 million for 2004 at $1.1 billion Provincial sales tax will rise from 6% to 7%, effective immediately Program spending growth of only 0.8% is currently planned […]

By Steven Lamb |April 1, 2004

3 min read

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Expert discusses three key elements of doing due diligence

Whether the area has enough traffic to create additional demand Aerial photographs Environmental reports Appraisal reports Full financial information “The other thing is — if you’re going to go and put clients in one of these things — have somebody from the company go down and take a look. Nothing beats an arm’s-length inspection,” he […]

By Art Melo |March 31, 2004

3 min read

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Alberta calls for incremental regulatory change

(March 30, 2004) Advocates of a single national market regulator must abandon the “my way of the highway” approach if they want to accomplish any form of regulatory harmonization, according to Alberta’s Minister of Revenue. “The easiest way to start is to work together, find some ways that we can make decisions without unanimous consent […]

By Steven Lamb |March 30, 2004

2 min read

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Simplicity and clarity key when discussing estate preservation: Expert

Are you concerned? Are you willing to re-allocate money into an environment you’ve probably never even heard about before, which is universal life insurance? Are you insurable? Once accepted by the client, the concept of re-allocation easily leads to taking inventory of the estate assets to be preserved, he said. Haisman created the strategy The […]

By Art Melo |March 30, 2004

3 min read

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Briefly:

(April 2, 2004) Canadian homeowners have taken advantage of the low interest rate environment to cash out $29 billion in home equity, according to CIBC, using the cash to consolidate debt and renovate the home. Homeowners have also saved $7 billion more by renewing their mortgages at the low rates over the past two years. […]

By Staff |March 29, 2004

8 min read

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Tax refund shows poor planning, tax expert says

(March 29, 2004) Is your client getting a big fat tax refund this year? If so, they’re being too generous with Ottawa, according to Jamie Golombek, vice-president of taxation and estate planning at AIM Trimark Investments. “A refund is a sign that you’ve overpaid taxes,” he says. “By the time you get that refund in […]

By Steven Lamb |March 29, 2004

3 min read

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