Briefly:

(February 19, 2008) Tye Bousada, who last month resigned as the high-profile lead manager of AIM Trimark’s flagship Trimark Fund, announced the creation of a his new firm, EdgePoint Capital Partners. The firm has already attracted one big name shareholder in no other than Trimark pioneer Robert (Bob) Krembil.

Krembil, through his holding company Chiefswood Holdings Ltd., has become a shareholder of Cymbria Capital Corporation. Bousada is the president and Founder of Cymbria.

In turn, Cymbria has launched EdgePoint for the purpose of carrying on an investment management business. Since EdgePoint is still seeking applicable securities regulatory approvals it will refrain from elaborating further on details of the business.

Risks balanced: Carney

(February 19, 2008) The Canadian economy has done well in the new era of globalization, adapting to shifts in trade to remain strong, according to Bank of Canada Governor Mark Carney.

“Rising terms of trade alone have bolstered real disposable income per capita by 8.5% over the past five years, and have contributed to healthier corporate balance sheets and the continued improvement in government fiscal positions,” Carney said on Monday in a speech to the British Columbia Chamber of Commerce and the Business Council of British Columbia.

Carney pointed out that while there are still inflationary risks, these are balanced by the threats posed by tighter credit markets and the slowing U.S. economy.

“The challenge for policy-makers is to ensure that the benefits of globalization are maximized and widely shared,” Governor Carney said. “From the Bank of Canada’s perspective, our challenge is to understand the various ways in which globalization affects both financial stability … and inflation.”

(02/19/08)

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.