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Volatility and risk aversion will put pressure on the loonie while U.S. Treasuries will remain the best bet for a flight to safety. The prediction forms the Canadian perspective of an economic commentary by Bob Doll, vice-chairman and chief equity strategist for fundamental equities, BlackRock Inc. In his mid-year update to 10 predictions for the […]
By Vikram Barhat |July 6, 2010
4 min read
Its hard to get a handle on the number of disputes involving alleged negligence by advisors leading to non-payment of insurance claims — regulators typically do not ask advisors or insurers for this information. But whatever that cryptic total might be, the industry can expect it to rise, according to Jim Bullock, a 45-year veteran […]
By Al Emid |July 5, 2010
As the momentum of activity toward pension and retirement reform builds, current and future retail retirees – those of us who employ retail financial advisors to assist with RRSP account investments and their ilk – might be asking themselves the same question: “Am I getting RRIF’d off? That query may seem a bit inflammatory, but […]
July 5, 2010
Condo or home? Semi-detached or fully detached? New or old? Fixed-rate or variable rate mortgage? Never before has doing the dreaded homework on home-buying been more crucial. Nor has it ever been done so exhaustively, says the first TD Canada Trust Home Buyers Report which surveyed Canadians who have purchased their first home in the […]
By Vikram Barhat |July 5, 2010
3 min read
Business networking – an often underused skill in the investment business—can add significant value to your business if done well. Often, women shy away from developing the skill because they consider it too opportunistic and have limited knowledge about how to effectively develop it. Viewing your business network critically can yield excellent results and should […]
By Colleen Moorehead |July 2, 2010
6 min read
Mackenzie Financial has revealed the details of leadership succession for its Maxxum managed mutual funds, following the retirement of Bill Procter, senior vice-president and current head of the Maxxum investment team. “I have enjoyed working with everyone on the Maxxum team and at Mackenzie over the last 16 years. I am confident that the team […]
By Staff |June 30, 2010
The number of complaints against the financial services industry has soared in the past year, with a 48% increase in new cases opened by the Ombudsman for Banking Services and Investments (OBSI). “In 2009, OBSI reviewed more complaints than ever before in its history,” wrote Douglas Melville, who was appointed Ombudsman in August 2009. “The […]
By Steven Lamb |June 29, 2010
Toronto CFA Society has added three new members to its Board of Directors: Josephine Marks, Dale Powell and Gregory Woynarski. Marks is managing director, pension assets at Scotiabank where she is responsible for oversight of its global pension assets. Powell is director, investment consulting at Morningstar Research leading its institutional product and consulting business. Woynarski […]
By Staff |June 29, 2010
2 min read
The number of Canadian investment managers calling themselves bears is growing due to recent economic developments, according to a survey. The latest quarterly survey from Russell Investments shows that Canadian investment managers bearish on the Canadian stock market increased to 19% from 9% three months earlier. At the same time, the percentage of managers considering […]
By Jody White |June 29, 2010
In half a century, nothing much has changed in asset allocation, except for one thing: risk. Modern asset allocation began with the mean-variance model pioneered by Nobel laureate Harry Markowitz in the 1950s, which illustrates how diversification across relatively uncorrelated assets smoothes returns. Given a set of assets with known co-variances, one can construct an […]
By Scot Blythe |June 28, 2010
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