Industry News

Decorative pattern

Oil and gas trusts unstable, S&P says

(January 12, 2004) Investors who put their money into energy trusts, thinking they were safe and stable investments, were warned of stability issues in that sector by Standard & Poors (S&P). According to the ratings agency, most “upstream” trusts rank no better than SR-5 (marginal stability)or SR-6 (low stability) in terms of revenue stability. The […]

By Steven Lamb |January 12, 2004

2 min read

Decorative pattern

Finance minister kicks off budget consultations

(January 12, 2004) Despite mixed economic signals, Canada’s freshly minted federal finance minister says Ottawa remains committed to new spending on healthcare, debt reduction and tax cuts. Ralph Goodale kicked off a series of pre-budget consultations with a speech this morning in Regina. “Our immediate challenge for 2003-04 is keeping ourselves in the black while […]

By Doug Watt |January 12, 2004

3 min read

Decorative pattern

Independent review committees proposed for mutual funds

(January 9, 2004) Mutual funds will soon be required to set up independent review committees to oversee fund managers and monitor potential conflicts of interest, a move some critics are calling a “half measure.” The proposed new fund governance rule was published for comment today by the Canadian Securities Administrators (CSA). Under the proposal, each […]

By Doug Watt |January 9, 2004

2 min read

Decorative pattern

Regulators introduce national registration system

(January 9, 2004) Canada’s securities regulators have published for comment a long-anticipated proposal for a national registration system (NRS), which would allow advisors and firms to register in any province, based on the rules in their home jurisdiction. Under the terms of the new rule, the home or “principal” regulator would review all advisor and […]

By Doug Watt |January 9, 2004

2 min read

Decorative pattern

Market prospects viewed as favourable for 2004

(January 8, 2004) The investment world has changed dramatically in the last 12 months, with economies improving and stock markets rebounding. There’s a tug of war between optimists and pessimists regarding the outlook for 2004, says a top U.S. mutual fund executive. The plusses appear to outweigh the minuses in the year ahead, suggested Bruce […]

By Doug Watt |January 8, 2004

2 min read

Decorative pattern

2003 IPO market cooled after trust-laden 2002

(January 7, 2004) If 2003 seemed like a slow year for initial public offerings (IPO), it was only in comparison to a strong 2002, according to the annual PricewaterhouseCoopers report on IPO activity. While the number of IPOs was down 20% from the previous year, this was largely due to the strong demand for new […]

By Steven Lamb |January 7, 2004

2 min read

Decorative pattern

Public opinion steers economy, says pollster

(January 7, 2004) The views of Canadian consumers don’t count for much when economists do their annual number-crunching and forecasting, but pollster Michael Marzolini believes that public opinion is a significant economic driver. Marzolini, chair of Pollara, presented the results of his firm’s annual economic survey this morning in Toronto, accompanied by a blue-ribbon panel […]

By Doug Watt |January 7, 2004

2 min read

Decorative pattern

Dollar remains a concern for 2004

(January 6, 2004) Economic forecasts for 2004 have been virtually unanimous in their tempered optimism, but another caveat is repeated as well — the soaring dollar. The loonie is expected to remain at historically high levels versus the U.S. dollar, as the American cousin languishes against virtually all currencies in the developed world, but the […]

By Steven Lamb |January 6, 2004

3 min read

Decorative pattern

Briefly:

(January 9, 2004) Economic growth in the fourth quarter of 2003 likely will not meet the Bank of Canada’s expectations, says deputy governor David Longworth. The central bank had predicted Q4 growth well above 4%. But Longworth says data received up to the end up of December suggests that figure will be “somewhat lower than […]

By Staff |January 5, 2004

8 min read

Decorative pattern

Young Canadians worried about CPP, survey reveals

(January 5, 2004) Despite government assurances about the viability of the CPP, a majority of young Canadians are worried it won’t be around when they reach retirement age. A survey released today by TD Waterhouse Canada reveals that more than half of Canadians aged 25 to 39 lack confidence in the CPP. By comparison, Canadian […]

By Doug Watt |January 5, 2004

2 min read

← Previous 1 … 2,283 2,284 2,285 2,286 2,287 … 2,346 Next →