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According to the IFB, under current MFDA regulations surrounding Hearings Panels, there is no mechanism to compensate an advisor in any way if the case brought against him or her is found to be without merit. “Even when a Panel finds in the favour of the advisor, the MFDA can appeal the case requiring the […]
By Staff |February 5, 2010
1 min read
The management of CI Capital Markets Inc. (CICM), formerly the Capital Markets group of Blackmont Capital Inc., has reached a deal to buy the firm from CI Financial. “This is the culmination of an undertaking that has been ongoing since early December,” says Jeff White, chief executive of CICM. “We have been able to secure […]
3 min read
Rumours that Canaccord Financial is on the prowl for an acquisition have gained traction. The Globe and Mail reports that Canaccord is in talks with Genuity Capital Markets. The combination of the two firms would bring together Canaccord’s expertise in junior resource companies and Genuity’s deal-making acumen. Citing unnamed “sources close to both investment dealers” […]
By Staff |February 4, 2010
Canada’s socially responsible mutual funds appear to be doing better on issues like ESG screening and integration according to Corporate Knights magazine’s annual responsible investing guide. The survey scores more than 50 SRI mutual funds on performance and social factors, including proxy voting, engagement and ESG integration. “Our average CK Social Score (CKSS) rose this […]
By Doug Watt |February 4, 2010
2 min read
Sprott Asset Management, famous for its affinity for gold bullion, sees another golden investment opportunity: Canadian Olympic athletes. For every gold medal won by a Canadian at the Vancouver Olympics, the firm will donate $100,000 to the Canadian Athletes Now Fund (CAN Fund), a not-for-profit organization devoted solely to raising funds and awareness of Canadian […]
It must be RRSP season. Three major banks released surveys today that offer glimpses into Canadians’ views on retirement and insights into the asset accumulation formulas needed to get them to their golden years. What recession? Volatility or not, I’m retiring on time. That was the prevailing attitude uncovered by a Scotiabank study that found […]
By Philip Porado |February 4, 2010
4 min read
The sale of mutual funds was tepid in January, a month traditionally seen as the start of “RRSP Season” for many investors. Industry net sales were somewhere between $314 million and $814 million, according to a preliminary report from the Investment Funds Institute of Canada. “This January we were seeing very strong portfolio rebalancing activity […]
By Steven Lamb |February 3, 2010
AGF Management Limited has appointed Thomas Clancy as director of U.S. business development, AGF Investments America Inc., as part of its drive into the U.S. institutional investment market. “We are pleased to welcome Tom to our growing and experienced U.S. team led by AGF managing director Richard Nino,” said Gary Wing, AGF senior vice-president, institutional. […]
By Staff |February 3, 2010
The patient is a little worse for wear, but they will likely survive on a prescription of equities, equities and more equities. That’s the diagnosis being given by the some of the most prominent financial analysts when it comes to where the economy and markets are heading in 2010. What’s striking about this prescription is […]
By John Powell |February 3, 2010
Last year may have been the best 12 months that mutual fund investors have seen in the last 15 years, but 2010 is off to a poor start, according to data compiled by Morningstar Canada. In the first month of the year, 30 out of 43 Morningstar Canada Fund Indices posted negative returns, as stock […]
By Steven Lamb |February 2, 2010
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