Industry

Decorative pattern

Briefly:

Gary Baker has been named president of CANNEX Financial Exchanges, U.S. division. Baker has extensive experience in the insurance and retirement income markets and will lead the firm’s efforts in a time of growing concern and opportunity in the U.S. retirement income market. “Advisors are demanding unbiased information about income annuities, which are increasingly seen […]

By Staff |January 27, 2010

3 min read

Decorative pattern

New insurance process would aid advisors

When most other industries have moved aggressively towards technological solutions to save time and money, the insurance sector is still beset with a 20-plus-page application process, and a cumbersome procedure that takes approximately 36 days from start to finish. That’s if all goes well. An unchecked box or a botched page could mean the application […]

By Kanupriya Vashisht |January 27, 2010

4 min read

Decorative pattern

Commodity prices on the rise

Many of Canada’s export commodities enjoyed a rally in price at the end of 2009, according to the December reading of Scotiabank’s Commodity Price Index, which rose 2.9% month-over-month. Since the bottom of the commodity cycle in April 2009, prices have rebounded 20.7%, driven by investors, rather than industrial demand. Scotia sees this trend continuing […]

By Steven Lamb |January 26, 2010

2 min read

Decorative pattern

Briefly:

Sentry Select Capital has announced the appointment of W. Shane Stuck as vice-president and senior portfolio manager. He will provide fixed-income management within the Sentry Select family of mutual funds. Stuck comes to Sentry Select from ScotiaFunds, where he was the manager of the Scotia U.S. $ Bond Fund. He is a 20-year fund management […]

By Staff |January 26, 2010

2 min read

Decorative pattern

New year, new reality for alternatives

After a harrowing 2008 and 2009, managers of alternative investments — hedge funds, private equity and real estate — are beginning to regroup. Now might be a time buy, with managers chastened by their fall from grace — or at least declining fund flows. Over the past two years alternative investment managers saw assets rush […]

By Scot Blythe |January 26, 2010

5 min read

Decorative pattern

Regulator provides guidance for dealing with complaints

While most advisors were wrapping presents, the Investment Industry Regulatory Organization of Canada was putting finishing touches on some new complaint handling rules that will create new requirements for securities dealers and registered reps. Among the changes is a requirement that firms appoint a designated complaints officer who has the experience and authority to oversee […]

By Philip Porado |January 26, 2010

4 min read

Decorative pattern

Briefly:

CIBC is gearing up for last minute RRSP contributions, with a focus on financial advice. While the goal is clearly to gather assets for its in-house advisors, everyone can benefit from a campaign extolling the virtues of advice. “For those who are just starting to think about investing their money, an important first step is […]

By Staff |January 25, 2010

3 min read

Decorative pattern

Corporate recovery taking hold

Canadian companies are positioning themselves to take advantage of a global economic recovery in the second half of 2010, according to a survey of more than 200 senior financial executives. The survey, conducted by FEI Canada’s Canadian Financial Executives Research Foundation (CFERF), found that widespread job cuts have been completed and access to capital is […]

By Steven Lamb |January 25, 2010

4 min read

Decorative pattern

Briefly:

The province of Quebec has announced that charitable donations made in relation to Haitian relief will be deductible for the 2009 tax year. To qualify, the donations must be made between January 12 and February 28. “So far Quebecers have been very generous towards the people of Haiti. With this measure, we want to encourage […]

By Staff |January 22, 2010

2 min read

Decorative pattern

Analysts unimpressed with Hughes replacement

The departure of Christine Hughes from AGF Management could spell trouble for the company, as analysts question the company’s choice of a replacement. Hughes was the popular manager of the AGF Canadian Balanced Fund, which has about $2.2 billion in assets across its various classes. AGF promptly appointed associate portfolio manager Michael White to the […]

By Steven Lamb |January 22, 2010

3 min read

← Previous 1 … 1,676 1,677 1,678 1,679 1,680 … 2,143 Next →