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Montreal financier Earl Jones pleaded not guilty this afternoon to four charges of fraud and theft. Quebec’s financial securities regulator alleged earlier this month Jones may have swindled investors out of between $30 million and $50 million. Jones’s lawyer Jeffrey Boro is seeking bail for his client, who was taken into custody on Monday. He […]
By Staff |July 28, 2009
3 min read
Ninety-eight per cent of the 1,038 pooled funds in the Morningstar Canada database posted gains in the second quarter (Q2) of this year. For three consecutive months, all 41 of the Morningstar Canada Pooled Fund Indexes, which measure the asset-weighted average return of all funds within a category, experienced a strong rally. Twenty-five of the […]
By Staff |July 27, 2009
The Investment Industry Regulatory Organization of Canada (IIROC) and the Financial Industry Regulatory Authority (FINRA), an independent securities regulator in the U.S., announced a formal co-operation agreement aimed at greater exchange of information and cross-border assistance. In addition to information sharing on compliance and enforcement-related matters, IIROC and FINRA also plan to work together on […]
By Kanupriya Vashisht |July 27, 2009
4 min read
In the fall, a high yield bond fund manager had the appeal of a plague bearer, today the asset class is driving stellar returns and attracting money as it comes off record lows. While high yield bonds have gained a lot of ground, one veteran high yield strategist says there’s still opportunity in the space. […]
By Mark Noble |July 24, 2009
When times get tough, regulators pay closer attention. And while advisors may be squirming under increased SRO scrutiny, they’d be gratified to know the watchdogs are keeping close tabs not just on them, but also the companies their clients are invested in. The Canadian Securities Administrators (CSA) just released the results of its continuous disclosure […]
By Steven Lamb |July 24, 2009
Citadel Hytes Fund Citadel SMaRT Fund Citadel Stable S-1 Income Fund Citadel S-1 Income Trust Fund Citadel Premium Income Fund Citadel Premium Income Fund Citadel S-1 Income Trust Fund Citadel Stable S-1 Income Fund Citadel SMaRT Fund Citadel Hytes Fund Citadel Diversified Investment Trust Series S-1 Income Fund Equal Weight Plus Fund Crown Hill Fund […]
By Staff |July 24, 2009
The entrance of BMO as an exchange traded fund provider should in no way be underestimated. With thousands of advisors at its disposal, and one of the most important ETF pioneers at its helm, the bank has set its sights on bringing ETFs into the mainstream. It’s probably safe to stop referring to ETFs as […]
By Mark Noble |July 23, 2009
GMP Capital and Richardson Partners Financial Limited have announced a plan to combine their respective wealth management businesses, GMP Private Client and RPFL. The resulting firm, to be named Richardson GMP Limited, will have more than $11 billion in assets under administration, managed by 114 investment advisory teams across Canada. With an average of over […]
By Steven Lamb |July 23, 2009
Commodity prices are gradually improving, according to Scotiabank’s Commodity Price Index. In June, the index, which measures price trends in 32 of Canada’s major exports, climbed by 5.1% month-over-month — the second month of consecutive gain. Continued demand by China, better-than-expected U.S. corporate earnings in the technology sector and signs that the U.S. recession may […]
By Staff |July 23, 2009
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