Industry

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Industry Reaction: Prudent budget misses growth opportunities

While efforts to return to fiscal normalcy sat well with the investments industry, the Federal Budget released in Ottawa today contained some disappointments, according to industry associations and analysts. Specifically, the Investment Industry Association of Canada had hoped Finance Minister Flaherty’s speech would include some incentives to boost investor spending, especially as it relates to […]

By Philip Porado |March 4, 2010

4 min read

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Budget leaves families perplexed

Canadian families are bound to be confused. Finance Minister Jim Flaherty’s federal budget vows to slash the deficit but there are few details on how the conservative government plans to do so. With a budget firmly focused on businesses, large and small, there was very little for most families to rejoice about except for the […]

By John Powell |March 4, 2010

3 min read

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Budget a mixed bag for the wealthy

The 2010 budget brought no big surprises for Canada’s wealthy, but then it brought no real disappointments either. A cash-strapped government struggling to balance a record $56 billion deficit, gave up very little in the way of tax cuts or incentives. But as John Nicola, partner and financial advisor at Nicola Wealth Management, points out, […]

By Kanupriya Vashisht |March 4, 2010

7 min read

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Tax tinkering and closing loopholes

It’s being touted as a jobs and growth budget, with neither tax increases nor major new tax relief. Aside from some targeted measures that should benefit the disabled, charities and families, there’s little to attract the attention of advisors in Finance Minister Jim Flaherty’s latest economic blueprint. “The government was pretty clear that there weren’t […]

By Doug Watt |March 4, 2010

6 min read

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Budget opts for austerity plan

Canada’s military and the world’s downtrodden were the biggest losers in federal Finance Minister Jim Flaherty’s latest budget, unveiled Thursday in Ottawa. It lays out a plan to return to balanced budgets by the middle of this decade, which contemplates reduced growth in spending on defence and international aid. The plan was largely consistent with […]

By Matt McClearn |March 4, 2010

4 min read

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Too few women in Canada’s boardrooms: study

Despite great strides toward gender equality in most Canadian workplaces, corporate boardrooms remain biased against women, a recent study shows. Catalyst, an international organization that aims to promote women in business, unveiled their most recent study, the 2009 Catalyst Census: Financial Post 500 Women Board Directors, earlier today. The census shows that in 2009, just […]

By Laura Busch |March 4, 2010

3 min read

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Briefly:

American consumer confidence has risen in early March, recovering from a slump in February, according to the latest reading of the RBC CASH (Consumer Attitudes and Spending by Household) Index. The index soared 18.8 points to 58.2 in March, as consumer outlook for their own economic condition and the job market improved. “The volatile results […]

By Staff |March 4, 2010

3 min read

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Fund sales soar in February

The Canadian mutual fund industry capped off RRSP season with a flurry of sales, with investors buying between $2.75 billion and $3.25 billion worth of funds in February, according to preliminary estimates from the Investment Funds Institute of Canada. “With long-term fund sales close to $5 billion for February and above the $8 billion mark […]

By Steven Lamb |March 3, 2010

2 min read

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Gavin Graham joins Excel Funds

Gavin Graham, the 30-year veteran of money management in London, Hong Kong, San Francisco and Toronto, has signed on as global strategist with Toronto-based Excel Funds Management Inc. His range of responsibilities includes working with the advisor channel. Bringing Graham onboard helps shore up Excel Funds’ claim on the emerging markets sector. Graham left his […]

By Al Emid |March 3, 2010

3 min read

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Budget 2010: Wait until next time

Being the Minister of Finance is a thankless task at the best of times and these, my friends, are the worst of times. For other ministers and government backbenchers there have been numerous opportunities for photo-ops with constituents as they announce new infrastructure programs or industry grants designed to kick-start the economy. The tax breaks […]

By Don McIver |March 3, 2010

4 min read

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