Industry

Pension managers call for elimination of foreign content limit

(January 9, 2003) Two Canadian pension associations are asking the federal government to scrap the 30% foreign content limit on registered pension plans. A study commissioned by the Association of Canadian Pension Management and the Pension Investment Association of Canada concludes that eliminating the foreign content rule could be worth as much as $3 billion […]

By Doug Watt |January 9, 2003

2 min read

Canadian consumer confidence doubles: Poll

(January 9, 2003) A majority of Canadians see the economic good times continuing through 2003. That’s a marked difference from gloomy attitudes last year, according to a poll by Pollara. The survey, conducted for the Economic Club of Toronto, shows that 56% of Canadians think the economy will get better over the next 12 months. […]

By Scot Blythe |January 9, 2003

3 min read

More consolidation forecast for independent fund dealers

(January 8, 2003) The vice-chair of IPC Financial Network, which was recently acquired by Dundee Wealth Management, says he expects further consolidation among the country’s independent mutual fund dealers. Chris Reynolds says the main companies in the sector need to get bigger to become more competitive. “If you look at the top five players, all […]

By Doug Watt |January 8, 2003

3 min read

Canadian institutional money managers predict reversal of fortune for equities in 2003

GDP growth of 3.0% in Canada and 2.5% globally Interest rates will remain stable at 3.0% for the first six months of the year, but the Bank of Canada is expected to raise rates by a total of 50 basis points by the end of the year. The median forecast for the Canadian dollar was […]

By Jim MacDonald |January 8, 2003

3 min read