Industry

Affluent investors go conservative

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

Ignatieff calls for pension reform

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

New CSA rules aim to tackle soft dollar practices

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

5 min read

Briefly:

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

2 min read