Industry

Briefly:

Foreign investors bought $10.5 billion in Canadian securities in June, with the total spread across debt, money market and equity issues. Canadian bonds attracted $5.5 billion in foreign investment, splitting that amount between new and existing issues. Secondary market purchases of federal debt totalled $5.3 billion, while provincial bonds were sold off to the tune […]

By Staff |August 18, 2009

4 min read

Australian CFPs forced to abandon trailers

Pretty soon, financial planners who are members of the Financial Planning Association (FPA), which administers the Certified Financial Planner designation in Australia, will have to give up the practice of receiving a trailing commission from investment product providers if they wish to continue membership. According to news reports, under the FPA proposal, members holding themselves […]

By Mark Noble |August 18, 2009

4 min read

Briefly:

Almost one quarter (23%) of Canadians say the economic downturn has affected their sleep and appetite, according to the ninth annual National Report Card survey of 3,223 Canadians by the Canadian Medical Association (CMA). For those with less than a university degree, this figure goes up to one in three. And nationally, nearly one in […]

By Staff |August 17, 2009

3 min read

Investors redeem $1.5 billion from funds

Canadian investors sold off mutual funds in July, pushing net redemptions to $1.52 billion, according to the Investment Funds Institute of Canada. That’s near the lower end of preliminary IFIC estimates of between $1.4 billion and $1.9 billion in net redemptions. The sell-off was nearly double that of June, which saw net redemptions of $834.7 […]

By Steven Lamb |August 17, 2009

2 min read