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The market turmoil has created a significant shift in the risk tolerance of affluent investors, which will likely force advisors to re-examine the way they deal with this important group of investors, according to a study commissioned by the Mackenzie Private Client Group. The Mackenzie Private Client Group commissioned Investor Economics Strategy Consulting to undertake […]
By Mark Noble |December 10, 2009
5 min read
Liberal leader Michael Ignatieff is backing the idea of a supplementary government pension plan, saying Canadians are not saving enough for retirement. “We are calling on the government to make saving and full retirement easier and more secure for all Canadians,” Ignatieff told reporters in Ottawa on Tuesday, Dec. 8. The proposed supplementary Canada pension […]
By Jody White |December 9, 2009
2 min read
In the world of money, hard is generally superior to the alternative. Hard currency can be relied upon to retain its value. Hard loans, including sovereign debt, are payable in hard currency, like US dollars or Euros. Hard stands for reliability, widely agreed-upon value and effortless convertibility. Soft, on the other hand connotes less predictability […]
By Susan Han |December 9, 2009
The recession savaged retirees’ investment portfolios and slashed their incomes, according to Desjardins Financial Security’s 2009 Rethink Retirement survey. The study found that 35% of retirees saw their personal income fall over the past year, compared to just 12% who said it increased. Only 6% reported an income in excess of $70,000 a year, while […]
By Staff |December 9, 2009
There has been myriad research and speculation that sector outperformance in the markets may have as much to do with the time of year as it does with fundamentals. Now Horizons AlphaPro has created a new actively managed exchange traded fund that will try to capitalize on seasonal proclivities of investors. The advent of sector […]
By Mark Noble |December 9, 2009
Looking to maximize your client’s yield? The best place to look may be in high quality dividend paying equities, a study by CIBC Capital Markets suggests. Low-risk bonds and GICs are currently paying negligible interest. As a result there has been a huge upswing in investors moving capital cash instruments and putting it to work […]
By Mark Noble |December 8, 2009
6 min read
Investors in Portus Alternative Asset Management will recover up to 95% of their investment in the failed hedge fund company, following an Ontario court decision released Monday. Justice Colin Campbell of the Ontario Superior Court of Justice has ordered a fourth payment to investors of 3.14 cents per dollar invested in the fund. Three previous […]
By Staff |December 8, 2009
3 min read
The Bank of Canada will maintain its target overnight rate at 0.25%, with the trend-setting bank rate remaining at 0.5%, the bank announced on Tuesday, Dec. 8. “While significant fragilities remain, global economic developments have been slightly more positive and the global outlook has improved modestly relative to the bank’s projection in its October monetary […]
There’s a big change in the Quebec advisor market, with PEAK Financial Group purchasing the investment and insurance distribution business of Promutuel Capital Financial Services Firm Inc. PEAK, a growing independent mutual fund and insurance dealer will further expand its size by 30%, acquiring $1.5 billion in assets from Promutuel’s mutual fund and life and […]
Two star managers have left Franklin Templeton’s Mutual Series Group, joining investment giant PIMCO, based in Newport Beach, California. Anne Gudefin and Charles Lahr were co-managers of the highly rated Mutual Discovery Fund. They join PIMCO as executive vice-presidents and global equities portfolio managers. Gudefin will be based in PIMCO’s London office, while Lahr will […]
By Steven Lamb |December 7, 2009
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