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Canadians may love to complain about their bank, but it would appear that relationship is improving. According to the J.D. Power and Associates 2010 Canadian Retail Banking Customer Satisfaction Study, overall customer satisfaction has improved since 2009. That overall satisfaction level has climbed to a score of 730 out of 1,000, up from 721 last […]
By Staff |July 22, 2010
3 min read
With the loonie at its strongest consistent place in the last two decades, now is a great time for Canadian investors to put it to some good use, preferably outside Canada, said experts at Franklin Templeton today at the Investment Outlook and Opportunities Forum 2010. “The Canadian dollar in the last couple of years has […]
By Vikram Barhat |July 22, 2010
2 min read
The old adage “sell in May, then go away” may be a mantra some investors live by, but don’t pack the kids up and head to the cottage for the next six weeks yet. For those who do their homework, there still may be some opportunities to make money, says David Andrews, director of Investment […]
By Nancy Turner |July 21, 2010
Horizons AlphaPro has announced the launch of Global Dividend ETF, which will seek long-term returns consisting of regular dividend income and modest long-term capital growth. “Volatile market conditions over the past two years highlight the tremendous value of dividend-paying stocks. Dividends provide a strong cushion in times of market uncertainty,” said Ken McCord, president of […]
By Staff |July 21, 2010
Mackenzie Financial has rolled out a handful of new funds, including one under its primary brand and three Saxon Corporate Class funds. The new Mackenzie All-Sector Canadian Balanced Fund will invest in a portfolio of equity and fixed income investments, primarily through ownership of other Mackenzie-sponsored mutual funds or by investing in equity and fixed […]
By Staff |July 20, 2010
IA Clarington Investments has introduced a handful new funds and related corporate class offerings, including three focused on income and one on energy. The IA Clarington Short-Term Bond Fund will be managed by Industrial Alliance Investment Management Inc., and will seek a steady flow of monthly income while preserving investment capital and liquidity. The portfolio […]
By Staff |July 19, 2010
4 min read
A strong tailwind of foreign investment is proving Canadian securities to be a great place to park funds. Investment in Canadian securities by non-residents strengthened substantially in May, with foreign inflows amounting to $23.2 billion, most notably for federal government debt instruments, says a recent report from Statistics Canada. Another $2.9 billion made their way […]
By Vikram Barhat |July 19, 2010
The emotional impact of the recent financial crisis has finally surfaced. Despite signs of economic recovery and stock market rebounds, investor confidence — across multiple wealth bands — remains tenuous at best. This is forcing many wealth management firms to incorporate elements of behavioural science into their practice, according to the latest Capgemini/Merrill Lynch World […]
When Alan Fustey headed up a team to buy Elysium Wealth Management Inc. last month, he didn’t want there to be any confusion about its operations so the first order of business was changing the name. Gone was the Winnipeg-based portfolio management firm’s moniker of 20 years, replaced by Index Wealth Management Inc. “It brands […]
By Renée Alexander |July 19, 2010
He who wishes to secure the good of others has already secured his own, the saying goes. By that token, North Americans may not be feeling particularly secure. Allocations to philanthropic activities by high-net worth individuals’ (HNWI) increased in all regions except North America in 2009, according to the latest Capgemini/Merrill Lynch World Wealth Report […]
By Vikram Barhat |July 16, 2010
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