Industry

Castlerock calls vote on fees, CI amalgamation

Castlerock Investments, formerly known as Hartford Investments Canada, has announced a special meetings of unitholders for its funds, to consider a proposal to put in place fixed annual administration fees. The funds currently charge variable operating expenses. Under the proposal, Castlerock will implement fixed administration fees on all series of all funds (excluding Series I) […]

By Staff |February 28, 2011

1 min read

OSC settlements to fund financial literacy

The OSC has allocated nearly $2 million in settlement money from enforcement proceedings to help promote financial literacy education in Ontario schools. “Financial literacy is an important part of investor protection and the OSC supports educational efforts to help Ontarians develop the skills and knowledge needed to succeed in an increasingly complex financial world,” said […]

By Staff |February 28, 2011

1 min read

Canadian economy beats BOC forecast

Canada’s economy which came back on track in early 2010 started steaming ahead by the last quarter of 2010, according to a report by Statistics Canada. Surging exports (4.0%) and strong consumers demand (1.2%). emerged as the leading growth engines that fuelled a 3.3% annualized rate of growth in the fourth quarter, up from 1.8% […]

By Vikram Barhat |February 28, 2011

2 min read

Charity fraud concerns abound

An Angus Reid survey commissioned by Capital One and CanadaHelps shows 65% of Canadians are worried about fraudulent charities, a 14% jump from the results of a 2009 survey. This skepticism, combined with the difficulty of recovering donations made to fraudulent charities, led 53% of respondents to say they are less likely to give to […]

By Dean DiSpalatro |February 25, 2011

3 min read