News and resources for Canada's top financial advisors
Industry
Still smarting from the lingering recession, the market for initial public offerings (IPOs) of new equity did not see a full recovery in 2009, according to a PricewaterhouseCoopers (PwC) survey. The survey revealed that 2009 ended with 28 new issues on all Canadian exchanges for a total value of more than $1.8 billion, up from […]
By Staff |January 5, 2010
2 min read
Boomers are the most affluent generation in history, making them an important group of clients. But advisors are not the only ones who’ve noticed; boomers are being bled dry by family members in other generations, a new study finds. An Investors Group survey of 500 Canadian boomers — aged 43 to 63 — finds a […]
By Mark Noble |January 5, 2010
3 min read
Dessa Kaspardlov Chief operating officer Kaspardlov Laverty & Associates/ Manulife Securities Windsor, Ont. Years in the business: 12 Other: author of new book, The Fireman and the Waitress About me I educate my clients about the difference between good and bad debt, and how to capitalize on the good while getting rid of the bad. […]
By Dessa Kaspardlov |January 5, 2010
4 min read
Mutual fund sales were likely positive in December, despite large sell-offs among some manufacturers, according to preliminary estimates from the Investment Funds Institute of Canada. IFIC predicts net sales could be as high as $418.8 million, but allows that the industry may have experienced net redemptions of 81.1 million. “Based on preliminary estimates, December 2009 […]
By Steven Lamb |January 5, 2010
Phillips, Hager & North Investment Management has launched two new funds, the PH&N Monthly Income Fund and the PH&N Canadian Equity Value Fund. “Both of these new investment solutions translate the investment strength of RBC Global Asset Management into timely and relevant solutions for Canadian investors,” said John Montalbano, head of RBC Global Asset Management. […]
By Staff |January 4, 2010
Webb Asset Management Canada has received investor approval for the Webb Enhanced Growth Fund to purchase the assets of the firm’s Canadian Performance Fund, effectively merging the two funds. Unitholders of the Performance fund will receive units of the Growth fund, and the transaction is expected to be completed before the close of business on […]
By Staff |December 31, 2009
1 min read
2009 will go down in my journal as the year the world didn’t end. Not that I expected it to but lots of people apparently did. I think those people who feared the end of the world, or at least the end of its financial system, were deeply distressed by the appreciable speed and depth […]
By Peter Drake |December 31, 2009
5 min read
The year 2009 will be remembered for many reasons in the financial services sector. The Great Recession reached its depths, with asset prices crumbling and unemployment soaring. The S&P/TSX Index fell to 7,479.96 in March, before astounding investors with a meteoric return to a high of 11,816.33 in the fourth quarter. Investors who bailed out […]
By Steven Lamb |December 31, 2009
Despite the wild ride that was 2009, the financial services industry remains one of the best to sectors in which to work, according to Report on Business magazine’s annual Fifty Best Employers in Canada survey. Financial services and insurance companies made up 14 of the top 50, with Regina’s Farm Credit Canada ninth place ranking […]
By Staff |December 30, 2009
In another sign that third party asset backed commercial paper is slowly being worked out of the financial system, DundeeWealth announced today that it had sold off all of its MAV II Class A-1 and Class A-2 Floating Rate Notes for net proceeds of $139,511,186. DundeeWealth still holds MAV II Class B and Class C […]
By Staff |December 29, 2009
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