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The deputy governor of the Bank of Canada has hinted that the central bank could resort to quantitative easing — essentially printing money — as a means of holding the rising Canadian dollar in check. In a speech to the Canadian Association for Business Economics today, Deputy Governor Timothy Lane said that the rising loonie […]
By Staff |August 25, 2009
4 min read
It’s widely expected that the U.S. Commodity Trading Futures Commission (CTFC) will impose speculative limits on energy positions. The move could have a drastic impact on commodity exchange-traded funds (ETFs), the CEO of a Canadian-based ETF firm says. The CTFC wants to stamp out rampant speculation in the energy market. There is a widespread argument […]
By Mark Noble |August 25, 2009
3 min read
Oil and gas industry executives seem much more bullish about the economic outlook than their counterparts in other sectors, according to an Ernst & Young survey. The survey indicates that nearly half of respondents believe their businesses have been less severely impacted by the economic downturn than other sectors. A similar number actually reported improvements […]
By Staff |August 24, 2009
The fund will also be currency hedged on a rolling 45-day cycle, which addresses another problem with gold investing — it’s generally purchased with U.S. dollars. Bullion’s value as a currency hedge can be undermined by fluctuations between the loonie and the U.S dollar. The MER for the series A of the fund is 2.30% […]
By Mark Noble |August 24, 2009
5 min read
We talk to a lot of advisors, and every once in awhile they let their hair down and tell us some of the funny things they encounter on the job. Diversity dilemma An advisor in Nova Scotia got an interesting lesson in asset allocation and diversification from one of his clients. The client had the […]
By Philip Porado |August 21, 2009
2 min read
TD Canada Trust is the first — among the big five — to be ranked number one in customer service for five consecutive years by the global market research firm, Synovate. 39,000 Canadians were interviewed for the survey. The bank scored the highest in ATM banking, online banking and telephone banking. “Whether online, over the […]
By Staff |August 21, 2009
While the active versus passive asset management debate typically revolves around equity funds, the latest Standard & Poor’s Index Versus Active (SPIVA) report out of the U.S. suggests there is no question that indexing outperforms on the fixed income side of the portfolio. Over one-, three- and five-year time horizons, a huge majority of actively […]
By Steven Lamb |August 20, 2009
Investors can be slow to pick up on market trends. And so it comes as no surprise that a few advisors I’ve spoken to recently have had to talk clients out of the idea of borrowing to invest. While margin may have made sense for clients who could stomach risk in February or March when […]
By Philip Porado |August 20, 2009
Despite a challenging environment, sales of variable annuities in the U.K. fell by only 7% in the second quarter of 2009, according to research from Watson Wyatt. Second quarter variable annuity sales in the U.K. were £343.7 million, down from £370.2 million in the first quarter. Q2 2009 sales matched those achieved in the last […]
By Staff |August 20, 2009
The Financial Services Commission of Ontario has named Philip Howell as the new CEO and Superintendent of Financial Services for the organization, effective August 19, 2009. Prior to the appointment, Howell served as the Deputy Minister of Economic Development for the Ontario government, and has held previous roles including Deputy Minister of Tourism. He holds […]
By Staff |August 19, 2009
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