Industry

Decorative pattern

Briefly: “Canadian unemployment rate falls” and more news

Canada’s economy continued to sputter in October, creating a tiny 3,000 new jobs – just enough to push the unemployment rate below eight per cent. The jobless rate edged one-tenth of a point lower to 7.9 per cent, returning to the level it had reached in June. But the improvement in the rate was more […]

By Staff |November 5, 2010

4 min read

Decorative pattern

How to play the claim game

No matter what they do, financial advisors are going to get sued. And what’s worse is the court is not a level playing field. An ounce of prevention, therefore, is worth a pound of cure, says Ruth Mercer, senior general adjuster for Crawford & Company (Canada) Inc. Speaking to the audience at the Independent Financial […]

By Vikram Barhat |November 4, 2010

4 min read

Decorative pattern

Briefly: “MFDA issues decision against Marlene Legare” and more news

A disciplinary hearing in the matter of Marlene Legare concluded on September 14, 2010 in Vancouver, British Columbia before a three-person Hearing Panel of the MFDA’s Pacific Regional Council, at which time the hearing panel reserved its judgment. In its decision and reasons dated October 29, 2010, the hearing panel found that the following allegations […]

By Staff |November 4, 2010

5 min read

Decorative pattern

Active managers miss out on materials rally

While the S&P/TSX Composite has been on a blazing rally since July, the best returns for active investment managers have come from the less-closely-watched small cap equity space, according to Russell Investments. The median small-cap manager has posted a return of 12.7%, beating the median large-cap manager by 280 basis points, according to the latest […]

By Steven Lamb |November 3, 2010

2 min read

Decorative pattern

Embracing technology boosts business

Over the last 20 years, technology has progressed at breakneck speed. The investment industry, meanwhile, “has grudgingly been dragged along, kicking and screaming.” So says Eric Mennell, senior vice president and associate portfolio manager, Mennell Wealth Strategies Group, within Macquarie Private Wealth Inc. One explanation for the resistance, he believes, is it’s difficult to balance […]

By Nancy Turner |November 3, 2010

3 min read

Decorative pattern

Fund sales spike in October

Mutual funds were back in vogue in October, as the Canadian industry attracted between $1.1 billion and $1.6 billion in net sales, according to the Investment Funds Institute of Canada (IFIC). Much of the enthusiasm can be attributed to surging market returns, says Jon Cockerline, director of policy, dealer issues, at IFIC. “[This] has been […]

By Steven Lamb |November 3, 2010

3 min read

Decorative pattern

Briefly: “TMX to open London office” and more news

TMX Group is going to London. The Canadian securities exchange will open a new office in early 2011, focusing on driving new business opportunities in U.K. and European markets. “We’ve built a strong and diversified portfolio under the TMX Group umbrella and have begun to expand our business to international markets over the last few […]

By Staff |November 3, 2010

5 min read

Decorative pattern

CSA seeks comment on OTC derivatives regulation

The Canadian Securities Administrators (CSA) is seeking input from the financial industry and the public on proposed changes to the regulation of over-the-counter (OTC) derivatives. The proposals were today released in CSA Consultation Paper 91-401 – Over-the-Counter Derivatives Regulation in Canada. The proposals come in response to commitments made by the G20 to develop more […]

By Staff |November 2, 2010

2 min read

Decorative pattern

Equity funds surge in October

Canadian mutual fund investors chalked up another strong month in October, at least in their equity exposures, according to data compiled by Morningstar Canada. All eyes were on the U.S. Federal Reserve, which is expected to introduce a second round of quantitative easing on November 3. The expectation of additional stimulus drove global markets higher. […]

By Steven Lamb |November 2, 2010

2 min read

Decorative pattern

Briefly: “Arrow Hedge rebrands funds” and more news

Arrow Hedge Partners is rebranding its funds and fund families in an effort to better showcase the range and specific makeup of its products. The changes include new fund names that will highlight the portfolio management firm running the funds. To that end, most of the 14 single-manager fund names have been simplified by removing […]

By Staff |November 2, 2010

7 min read

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