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Creststreet Asset Management has appointed Michael D. Clare as vice-president, investments. He joined Creststreet in 2008 and has held roles of increasing responsibility in investment analysis since. Clare will co-manage Creststreet’s investment funds along with the firm’s managing director and founder, Robert J. Toole. Clare succeeds Stephen R. Martin, who has left the firm to […]
By Staff |February 2, 2010
2 min read
Since the fall of 2008, one of the leading trends in both the investment industry and the broader economy has been deleveraging. Consumers are delaying purchases and clients may be investing less as they strive to reduce their total debt loads. It appears that debt elimination is a long-term strategy, with the final goal often […]
By Steven Lamb |February 1, 2010
3 min read
Canadians are not saving enough now to make the retirement lifestyle they want a reality even though it is one of their top financial goals, says CIBC. “Retirement planning is complex and multifaceted and to achieve the retirement you want, you need to be proactive and start planning early,” said Steve Geist, president, CIBC Asset […]
By Staff |February 1, 2010
1 min read
There has been some talk that emerging markets represent a new asset bubble, with runaway growth fueled by government stimulus which cannot be sustained. Despite fears the that global monetary tightening will begin in the emerging markets, the economic growth rate for the group will far surpass that of developed nations, according to a report […]
By Steven Lamb |January 29, 2010
The final quarter of 2009 brought terrific returns to institutional pooled fund investors, according to Morningstar Research. For the third consecutive quarter, an overwhelming majority of the pooled funds in the company’s Canadian database had positive returns — 906 out of 1,033 (88%) posted gains for the quarter, including 535 of 574 (93%) of equity-focused […]
By Mark Noble |January 29, 2010
The challenge pitted 10 university teams from across Ontario in a two-tiered competition. The Toronto CFA Society chose a public company, Glacier Media Inc., as the subject of the student research reports. “I think that confidence was a key driver for us. We set out to win this competition from the very beginning and always […]
By Staff |January 29, 2010
The global economic crisis could have been much worse and much longer were it not for the support provided by public sector financial institutions, according to one of Canada’s leading think tanks. The Conference Board of Canada has published the latest in a series of Lessons From the Recession and Financial Crisis, arguing that public […]
By Steven Lamb |January 28, 2010
The company that operates the Toronto Stock Exchange has unveiled a new “Tax Facts & Planning” section to the TMXmoney.com website. TMX Group has teamed up with tax expert Evelyn Jacks of The Knowledge Bureau to provide timely and topical articles on tax planning and preparation for investors. “It’s important that Canadians have a solid […]
By Staff |January 28, 2010
Ponzi schemes and the recession be damned; the readers have spoken. By an overwhelming margin, the top Canadian news story of 2009, according to the results of our News Poll Contest, was the adoption of the Harmonized Sales Tax (HST) by Ontario and British Columbia. Trailing in second and third place were the Earl Jones […]
By John Powell |January 28, 2010
For this month’s ‘Faceoff’, TD Waterhouse’s Kathryn Del Greco and Wellington West’s David Christianson square off over consolidated reporting. Moderated by: Kanupriya Vashisht Participants: Kathryn Del Greco, vice-president, Private Investment Advice, TD Waterhouse David Christianson, fee-only financial planner and investment counsel, Wellington West Total Wealth Management Inc. Is it possible? Kathryn Del Greco: Yes, it’s […]
By Kanupriya Vashisht |January 27, 2010
10 min read
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