Industry

Decorative pattern

Briefly:

“Domestic momentum” should help corporate earnings outpace the challenges of a soaring loonie, a new report from CIBC World Markets points out. “We see profit levels north of the border benefiting from some critical offsetting factors,” says Peter Buchanan, senior economist with CIBC, in the latest TSX Earnings Watch. “Canadian consumers and businesses still look […]

By Staff |October 19, 2009

4 min read

Decorative pattern

Outwitting the bear

Returns have been good for some hedge fund managers this year. But despite the stock market rally, they are sanguine about the prospects for a full economic recovery. There has been a sea change. The unwinding of financial leverage brought stock and debt markets to lows experienced at the depth of the tech crash as […]

By Scot Blythe |October 16, 2009

4 min read

Decorative pattern

When it comes to insurance, choose wisely

More than 30 years ago, I entered into the insurance industry as a career agent for the Canadian division of the Paul Revere Life Insurance Company. Despite a host of life insurance products, the company’s true focus was on “accident and sickness” — providing disability income or income replacement insurance (a protection product that replaces […]

October 16, 2009

10 min read

Decorative pattern

Funds continue to get investors back

The slow return of billions of parked investment dollars continued last month as long-term mutual fund mandates experienced another strong month of net sales, according to data from the Investment Funds Institute of Canada (IFIC). While overall net sales were down for the industry, the run-up in market valuations seems to help total mutual fund […]

By Mark Noble |October 15, 2009

3 min read

Decorative pattern

Briefly:

Canada gets a new chartered bank. Canadian Home Income Plan CorporationCorp. (CHIP), (the operating subsidiary of HOMEQ CorporationCorp.,) has been granted the authority to open Canada’s newest chartered bank: HomEquity Bank (Banque HomEquity). HomEquity Bank will have immediate access to retail deposits sourced through deposit brokers. HomEquity Bank’s predecessor, Canadian Home Income Plan CorporationCHIP Corp., […]

By Staff |October 15, 2009

2 min read

Decorative pattern

Crocus investors get money back

Advisors across Manitoba are preparing to call thousands of clients today, and it’s safe to say they’re expecting a more-than-hospitable reception. That’s because for the first time in nearly five years, they’re calling with good news about the Crocus Investment Fund. Less than six weeks after a Manitoba judge finally approved a $54.7-million distribution to […]

By Geoff Kirbyson |October 15, 2009

3 min read

Decorative pattern

Study: Canadian advisors can do better

Canadians claim great confidence and optimism in their ability to make responsible investment decisions, yet they seldom seem to, according to a recent survey by the Canadian Securities Administrators (CSA). The vast majority (85%) of survey respondents said that it is important to build personal savings and investments. At the same time, 35% said they […]

By Steven Lamb |October 14, 2009

6 min read

Decorative pattern

Technology changes client interaction

The growing popularity of smart phones is changing the way consumers prefer to communicate with the financial services sector, according to a new study from Telus and IDC Canada. The study, called The Future Consumer, looks into shifting communications expectations of Canadian consumers and the role technology plays in their growing demand for service. As […]

By Anna Olejarczyk |October 14, 2009

4 min read

Decorative pattern

Briefly:

A new American poll indicates that there will be a contraction of up to 26% of the market for financial advisors, as their clients choose to hold off on investing. Americans will be investing significantly less in the future, according to the survey released by AlixPartners, a global business advisory firm. AlixPartners says the survey […]

By Staff |October 14, 2009

6 min read

Decorative pattern

Soft-dollar clampdown explained

Professional fees are out. Third-party research is in. And probably the Bloomberg terminal. Investment managers have long received research and other services through bundled commissions that they pay to their brokers, which often can be another division within a larger dealer firm. The practice, known as soft dollars, has come under regulatory scrutiny to make […]

By Scot Blythe |October 13, 2009

4 min read

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