News and resources for Canada's top financial advisors
Industry
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
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 […]
Economic Indicators
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
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
The pooled retirement pension plan (PRPP) scheme announced last year represents a positive first step toward ensuring all Canadians have sufficient opportunity to save for retirement, according to Christopher Brown, president of the Association of Canadian Pension Management. But, he says, this has to be just part of the solution. “Governments are clearly engaged in […]
By Neil Faba |February 25, 2011
4 min read
Counsel Portfolio Services has announced it will merge its Titan Managed Portfolios with comparable Counsel investment mandates, following approval of the move by Counsel’s Independent Review Committee. The mergers will take place as follows: The mergers are expected to take place in the first half of 2011. Investors in Titan Managed Portfolios will be provided […]
By Staff |February 25, 2011
Tradex Management has named Foyston, Gordon & Payne Inc. as the new portfolio manager of the Tradex Bond Fund, replacing TD Asset Management, effective March 1, 2011. Tradex will also hold a special meeting of the bond fund’s unitholders to vote on changes to the mandate’s investment objectives. These changes would allow up to 30% […]
Mackenzie Financial has announced that Henderson Global Investors will no longer sub-advise on the Mackenzie Focus Fund and Mackenzie Focus Class, effective March 31, 2011. The funds employ the services of five other management teams, which will continue to serve as sub-advisors. Each portfolio management team of Mackenzie Focus Fund and Mackenzie Focus Class selects […]
Canada is in the midst of a bull market in yield securities. Retail and institutional investors alike are clamouring for securities generating and paying a steady cash flow. The demographics of this country provide strong evidence of why the demand for yield has seemingly accelerated in recent years.
By Dennis Mitchell |February 24, 2011
9 min read
A hearing panel of the Pacific Regional Council of the Mutual Fund Dealers Association of Canada (“MFDA”) has issued its reasons for decision in connection with the Settlement Hearing held in Vancouver, British Columbia on December 16, 2010 in the matter Zenon Smiechowski.A copy of the reasons for decision is available on the MFDA website […]
By Staff |February 24, 2011
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