News and resources for Canada's top financial advisors
Industry
Scotia Asset Management has announced an overhaul for the management of several mutual funds, naming Goodman & Company, Investment Counsel Ltd. as sub advisor or portfolio manager. “We are pleased to expand our working relationship with the world class group of investment managers at Goodman & Company, Investment Counsel Ltd.”, said Glen Gowland, president and […]
By Staff |March 7, 2011
2 min read
State Street Corporation announced today the launch of a new Collateral Tracking service that helps asset managers and owners accurately assess and manage counterparty risk. Clients can now receive up-to-date reporting on the location and status of all collateral movements regardless of where the assets are held. The Collateral Tracking service expands the traditional core […]
1 min read
Coming out of the recession, Canada’s banking sector looks better than many of its global peers. Tough regulation ensured that the banks steered clear of the leverage minefield that sank some foreign competitors and 2010 profits have topped records set in 2007. This presents the sector with unprecedented opportunities for growth and expansion, according to […]
By Steven Lamb |March 7, 2011
Manulife Financial has teamed up with Volunteer Canada on a national campaign to enrich the volunteer experience for Canadians. “Volunteering is fundamental to a healthy, democratic society so it is essential for the future of the sector that volunteers are more meaningfully engaged in Canada,” said Ruth MacKenzie, president and CEO of Volunteer Canada. “Organizations […]
March 7, 2011
The ballots have been counted. Advisor.ca readers have spoken. We are pleased to announce the winner of the 'Name That Visionary' poll is Eric Sprott, the founder of Cormark Securities Inc. (formerly Sprott Securities Ltd).
By John Powell |March 4, 2011
Mackenzie Financial has proposed consolidating investors from its asset allocation products into its Symmetry program, in an effort to simplify the company’s strategic asset allocation product and service offering. Under the proposal, investors would be moved out of the existing STAR Strategic Asset Allocation Service, Keystone Strategic Asset Allocation Service and Keystone Portfolio Funds. “Mackenzie […]
By Staff |March 4, 2011
Acuity Funds, which was bought by AGF Funds at the end of November 2010, has announced today the termination of the Acuity Short Term Income Class. The decision reflects the small number of shareholders—fewer than 50—and its relatively low assets ($1.7 million). Effective today, shares of the fund are no longer available for purchase and […]
As a potent savings tool, the Registered Retirement Savings Plan (RRSP) remains woefully underutilized for yet another year. A recent survey by BMO Financial Group revealed only 39% Canadians made an RRSP contribution, well below 50% as had been predicted by an earlier survey by the bank. “We are quite surprised that the number of […]
By Vikram Barhat |March 4, 2011
Economic Indicators
Corporate assets, revenues and profits of foreign-controlled firms in Canada took a beating as the share of Canadian-controlled firms grew at an increased pace in 2008, according to a recent Statistics Canada report.
By Vikram Barhat |March 3, 2011
3 min read
It's a strange dance with partners on either side of the Pacific. The U.S. and China need each other, yet there is growing unease at the seemingly one-way flow of capital, jobs and technology in this relationship.
4 min read
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.