Industry

Decorative pattern

Caisse named in Norbourg class action

Réal Ouimet, the former chief of the Bromont Police Department who lost $ 310,000 in Norbourg, officially launched his effort this morning to bring a class action against the Caisse de dépôt et placement du Québec, on behalf of the approximately 9,200 victims of Vincent Lacroix. The Superior Court heard his request to authorize a […]

By Claude Couillard |November 25, 2010

2 min read

Decorative pattern

Get in the social media game

The social media train is coming. And it’s coming fast. Firms and individuals need to get on this train, or they risk their business being derailed. “Public really is the new private” was the message Lisa Langley, president, International Product & Service Group (IPSG), put out at the Distinguished Advisor Conference 2010 in Orlando, Florida. […]

By Vikram Barhat |November 25, 2010

4 min read

Decorative pattern

Briefly: “ScotiaLife expands insurance business” and more news

Scotiabank Group has rolled out three new individual term life insurance products, which will be available at its ScotiaLife Financial Insurance Centres. In addition, it announced the opening of its second retail ScotiaLife Financial Insurance Centre, located in downtown Toronto. The term life offering marks the first individual life insurance products available through ScotiaLife Financial. […]

By Staff |November 25, 2010

3 min read

Decorative pattern

Cautious Canadians are taking risks

A new survey suggests that while Canadians think of themselves as risk-averse, they are leaving themselves and their families open to massive liabilities by under-insuring. According to the TD Insurance Risky Business Poll, the majority of Canadians say they’re cautious and avoid risk (55%), with only 8% saying they are risk-takers. No surprise, given the […]

By Staff |November 24, 2010

2 min read

Decorative pattern

Dundee deal helps define wealth market

The wealth management landscape in Canada changed on Monday, with the announcement that Scotiabank would buy DundeeWealth. While the obvious change in the industry was the elevation of Scotia within the asset management business, the deal helped define the market, according to Bruce R. Jackson, president and chief operating officer of Cumberland Private Wealth Management. […]

By Steven Lamb |November 24, 2010

3 min read

Decorative pattern

Briefly: “Korean conflict no ‘sell’ signal” and more news

This week’s flare up on the Korean peninsula is indeed troubling for the people living there, but the shelling of the South Korean island of Yeonpyeong should not be taken “sell” signal for Asian equities, according to Kelvin Tay, strategist with UBS AG. “Should investors consider reducing their holdings in Asian assets? Simply put, we […]

By Staff |November 24, 2010

2 min read

Decorative pattern

Gold, silver continue rally in uncertain times

Contrary to what its dizzying rise would suggest, gold is not one of the best performing commodities. It will, however, continue to be an alternative currency to the U.S. dollar as investors take a flight to safety, according to experts at BMO Harris Private Banking. Admitting that gold has run too far too quickly, experts […]

By Vikram Barhat |November 23, 2010

3 min read

Decorative pattern

Boomers expect busy retirement

Canadian boomers will not be retiring to a rocking chair on the front porch, for a variety of reasons. According to a poll conducted by the Investors Group, 61% are looking forward to their retirement. They see it as being comfortable (54%) but fulfilling (43%), busy (42%) and exciting (25%). Most boomers predict they will […]

By John Powell |November 23, 2010

1 min read

Decorative pattern

Canaccord announces Asia expansion

Canaccord Financial Inc. announced today that it is expanding its operations into Asia with the acquisition of The Balloch Group, a boutique Chinese investment bank, and an agreement with the Export-Import Bank of China. Canaccord’s operations in China are expected to begin in early January and from that time forward, The Balloch Group will be […]

By Staff |November 23, 2010

2 min read

Decorative pattern

Briefly: “AlphaPro offers preferred share ETF” and more news

AlphaPro Management has launched the Horizons AlphaPro Preferred Share ETF, Canada’s first actively managed preferred share exchange traded fund. The Preferred Share ETF began trading today on the Toronto Stock Exchange under the symbol “HPR”. The sub-advisor to the Preferred Share ETF is Natcan Investment Management Inc., which also managed the Horizons AlphaPro Corporate Bond […]

By Staff |November 23, 2010

8 min read

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