Industry

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Briefly:

If there is one area of financial advice that Canadians need help with, it’s tax planning. A survey commissioned by RBC found that 80% of young Canadians thought it was important to learn more about tax planning strategies, while only 8% thought they knew enough. The survey focused on 18- to 30-year olds who are […]

By Staff |February 18, 2010

2 min read

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Couples must be open about goals

If you ask most clients what they want to do in retirement, it’s a safe bet that none of them will say “bicker with my spouse.” But that may be a leading pastime if the couple is not open about their vision of the golden years. A survey of Quebec retirees by TD Waterhouse found […]

By Steven Lamb |February 18, 2010

2 min read

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Public still needs RRSP, TFSA education: polls

As the March 1 deadline for RRSP contributions approaches, Canadians are anxious about their retirement plans. With good reason, it would seem, as a pair of surveys conducted by Leger Marketing show confusion and a lack of understanding when it comes to Canada’s top investment vehicles. According to a survey commissioned by BMO, 80% of […]

By Steven Lamb |February 17, 2010

4 min read

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The challenge has been issued. Canadian youth are being invited to join the Financial Fitness Challenge, a contest sponsored by the Canadian Securities Administrators (CSA). The goal of the challenge is to raise awareness of how to budget, save and invest better. Running from Feb. 15 to April 15, 2010, the bilingual contest is open […]

By Staff |February 17, 2010

4 min read

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Pre-retirees too risk averse

As Canadians approach retirement, they are generally expected to ratchet down the risk level of their portfolios. But a recent survey suggests that the market crash of 2008-2009 has scared many pre-retirees into positions that are far too conservative. According to a survey by Ipsos Reid, Canadians over the age of 50 are holding 25% […]

By Steven Lamb |February 16, 2010

1 min read

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Sprott Asset Management has named Scott Colbourne as senior portfolio manager, overseeing the fixed income component of Sprott mutual funds, hedge funds and discretionary accounts. “We are very pleased to add a portfolio manager of Scott’s calibre to our investment team,” said James Fox, president of Sprott. “Scott is extremely well respected in the industry […]

By Staff |February 16, 2010

3 min read

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Fund sales rise, total assets fall

Mutual fund sales came in on the high side of preliminary estimates, with overall net sales totaling $693.5 million in January. Now for the bad news: total industry assets sank $10.6 billion or 1.8% from December, to $584.6 billion, due to market affect. Long-term funds accounted for $532.5 billion of that total, down $8.3 billion […]

By Steven Lamb |February 16, 2010

2 min read

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ISO offers new approach to counterparty risk

There’s a new standard for risk management in Canada, as the Canadian Standards Association (CSA Standards) has adopted ISO 31000 Risk Management — Principles and Guidelines. The new ISO standard provides principles, framework and process for managing risk in a transparent, systematic and credible manner. It is the first global standard for risk management. Given […]

By Steven Lamb |February 12, 2010

2 min read

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Laurentian Bank doesn’t want investors to forget that when it comes to buying a home, RRSPs and the Home Buyer’s Plan go hand in hand. “The Home Buyer’s Plan was designed specifically for people who wish to use funds in their RRSP to facilitate the purchase of a residence when making an initial down payment,” […]

By Staff |February 12, 2010

2 min read

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Canadian retirees breathe easier

The fallout from the global financial crisis has seeped into the retirement experiences of North Americans and reflects the disparate regulatory regime and savings cultures of Canada and the U.S., according to a study. TD Bank Financial Group’s North American Report on Retirement survey of 1,002 retired Canadians and 1,009 retired Americans finds that Canadian […]

By Jody White |February 11, 2010

3 min read

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