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Today is International Credit Union Day and credit unions are promoting the differences they make in the communities they serve. A new survey shows that Canadian credit unions contributed nearly $37.5 million to local community projects last year. The donations sponsored arts and culture, sport activities, educational programs and facilities, economic development, healthcare, environmental causes […]
By Staff |October 21, 2010
4 min read
Small business owners would do well to invest surplus funds within the company instead of increasing their salary to maximize RRSP contributions, says a report from CIBC. The report Rethinking RRSPs for Business Owners: Why taking a salary may not make sense is based on research headed by Jamie Golombek, CIBC’s managing director of tax […]
By Vikram Barhat |October 20, 2010
2 min read
As an investment destination, Japan has been on the outs for many investment managers. The country’s long list of woes includes two decades of economic stagnation, an ageing population, historically high unemployment, falling salaries and a colossal national debt of $7 trillion. Adding insult to injury, long-time rival China recently leapfrogged Japan to become the […]
Richardson GMP has extended its contract with PriceMetrix for the practice management firm’s ValueOne system. Already in use for the past five years, the new commitment extends ValueOne to all advisors in its 17 offices across Canada. “By better understanding our practices, we can continue to enhance our focus on the high net worth client […]
By Staff |October 20, 2010
A banned 73-year-old securities investor who bilked his clients of $2 million has been sentenced to two years in prison. Calgary businessman Robert John Sellars has pleaded guilty to seven violations of the Alberta Securities Act, including making misleading or untrue statements to investors and trading in securities without being registered and without a prospectus. […]
By John Powell |October 19, 2010
1 min read
German reinsurer Munich Re AG says U.S. investor Warren Buffett has raised his stake in the company above 10 per cent and plans to acquire more. Munich Re said in a statement Tuesday that Buffett’s share of the voting rights amounted to 10.24 per cent on Oct. 12. The company said Buffett had told it […]
By Staff |October 19, 2010
3 min read
Blog Polls Royal Bank of Canada’s recent acquisition of the U.K.-based BlueBay Asset Management PLC lends further credence to the claim that Canada is guiding the global M&A movement. Coming as it does, barely days after PwC reported Canada’s formidable role in the global deal-making arena, RBC Wealth Management’s C$1.56-billion marquee megadeal is further proof […]
By Vikram Barhat |October 18, 2010
So much for the image of the do-it-yourself (DIY) investor as a self-styled day trader. A survey by RBC found that 81% of self-directed investors are using their online brokerage accounts to fund long-term goals, such as funding retirement or a child’s education. Only 11% say they use their accounts solely for short-term profit. While […]
By Staff |October 18, 2010
In today’s society, death and serious illness may be even more taboo than sex. So how can an advisor offer long term care (LTC) insurance when clients refuse to face their own frailty? This was the question posed to a panel of three LTC experts at Munich Re’s LTC insurance conference in Montreal. Their unanimous […]
By Nicolas Ritoux |October 15, 2010
Canada is leading the charge of global mergers and acquitisions, according to PwC’s latest quarterly roundup of the Canadian M&A market. The dollar value of the Canadian deal market during the last three months was a staggering $95 billion, up 240% from the first quarter of 2010 and 168% from the second quarter. Canadian activity […]
By Vikram Barhat |October 15, 2010
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