Industry News

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By Staff |April 23, 2003

1 min read

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Wealthy clients underserviced, seeking more advisor contact: Survey

(April 23, 2003) Nearly half of Canada’s millionaires have switched financial advisors in the last five years, often due to lack of contact, suggests a survey of high net worth clients conducted by the Stenner Group in Vancouver. Most respondents report having a good relationship with their advisor. However, in the past five years, 43% […]

By Doug Watt |April 23, 2003

3 min read

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Bank of Canada lowers growth forecast, hints at interest rate hikes

(April 23, 2003) The Bank of Canada today lowered its forecast for economic growth and said it would likely have to raise interest rates later in the year to keep inflation in check. Governor David Dodge also said that the SARS outbreak in Toronto could impact the Canadian economy, but added it’s impossible to say […]

By Doug Watt |April 23, 2003

2 min read

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Low-income RRSP savers victims of bad advice, C.D. Howe says

(April 22, 2003) RRSPs are a terrible investment for lower income Canadians nearing retirement because most of the proceeds will be lost to taxes and clawbacks, according to a study released today by the C.D. Howe Institute. Study author Richard Shillington calls the situation “perverse” and urges financial advisors to stop spreading the myth that […]

By Doug Watt |April 22, 2003

2 min read

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Pension funds report lower assets and returns for 2002

(April 21, 2003) Canada’s pension industry felt the bear market pinch again in 2002, with assets and returns declining for the second straight year, according to Benefits Canada’s annual survey of the top 100 pension funds. Assets fell nearly 6% last year, the largest decline since the survey was introduced 23 years ago. The 100 […]

By Doug Watt |April 21, 2003

2 min read

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Rule change credited for boosting business financing in Ontario

(April 21, 2003) The Ontario Securities Commission says the removal of investment restrictions has led to a dramatic increase in new financing for small- and medium-sized businesses in the province. An OSC report concludes that the number and value of new financings in Ontario has tripled since the change was introduced in 2001. From 1995 […]

By Doug Watt |April 21, 2003

2 min read

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Planning and Advice

Step right up: A guide to seamless transitions on your team

One of the greatest challenges we face as advisors is building larger teams to service the needs of our clients. Our employees gain a tremendous amount of knowledge as they mature in their current positions. So how do we facilitate passing on this “brain trust” to a new hire or replacement? This task can be […]

By W. Lloyd Williams |April 18, 2003

3 min read

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Stock market recovery in the cards, advisors believe

(April 17, 2003) With the Iraq conflict all but resolved, Canada’s financial advisors are looking for a stock market rally, suggests a survey conducted by The ADVISOR Group. Nearly 60% of advisors responding to a recent online poll said they expect stock prices to rise over the next few months. When the same question was […]

By Doug Watt |April 17, 2003

2 min read

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U.S. turns up heat on hedge fund industry

Hedge funds revealed: Canadians prepare to embrace absolute return strategies Britain to examine retail options for hedge funds Course targets advisors who want to sell hedge funds Hedge funds expected to double assets; global regulators turn up scrutiny Hedge fund glossary Donaldson also pointed out that "funds of funds raise special concerns because they permit […]

By Scot Blythe |April 17, 2003

4 min read

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Industry challenged to press for regulatory reform

(April 16, 2003) Canada’s financial services industry must speak out on the issue of regulatory reform or risk being stuck with the status quo, participants attending a Toronto breakfast session were warned today. Following a speech by Investment Dealers Association president Joe Oliver, several prominent insiders urged industry participants to seize the opportunity for change. […]

By Doug Watt |April 16, 2003

3 min read

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