Industry

India’s Central Bank raises rates to curb inflation

The reserve bank of India tightened its monetary policy once again, the tenth rate hike since March 2010, in an attempt to contain spiralling inflation. The repo, the rate at which the RBI lends, was raised by a quarter point to 7.5%. The reverse repo, the rate at which the central bank borrows from banks, […]

By Staff |June 16, 2011

1 min read

Shielding portfolios against next Sino-Forest

It’s certainly no easy task for advisors to avoid portfolio bombs like Sino-Forest Corp. and Armtec Infrastructure Inc., both of which lost over 80% of their value recently. The reasons for the losses are different, but the pain is still the same. Up until mid-April, Sino-Forest stock (TRE) was humming along quite nicely. It had […]

June 16, 2011

6 min read

Invesco launches three PowerShares ETFs

A day after launching two fixed income ETFs, Invesco has unveiled three more PowerShares ETFs, including one equity and two equity-income mandates. PowerShares QQQ (CAD Hedged) Index ETF seeks to replicate, before fees and expenses, the performance of the NASDAQ-100 Currency Hedged CAD Index. The ETF will distribute income quarterly. PowerShares Canadian Preferred Share Index […]

By Staff |June 16, 2011

1 min read

Financial literacy only half the battle

A recently released study of financial literacy among Ontarians found that most people had a basic grasp of financial concepts yet struggled to apply them to their personal situations. “We found that certain financial concepts are reasonably well understood by the majority of Ontarians,” says Tom Hamza, president of the Investor Education Fund. “But this […]

By Staff |June 15, 2011

2 min read