News and resources for Canada's top financial advisors
Industry
Canadians are feeling more optimistic about their personal finances and may be willing to move money off of the sidelines again, according to the latest quarterly survey by Manulife Financial. When asked what they expected their finances to look like six months down the road, 52% expected no change from the present while 32% expect […]
By Steven Lamb |July 2, 2009
3 min read
Rogers Publishing Limited announced today that it has acquired the assets of Employee Benefit News Canada from SourceMedia in a transaction that closed June 30, 2009. Rogers Publishing—one of Canada’s largest professional content providers—already publishes Benefits Canada, Avantages and Working Well; titles written for executive and specialist management responsible for the provision of pension and […]
By Jody White |July 2, 2009
2 min read
Over the past three months, clients have likely benefited from a reversal of some of the earlier losses in their portfolio. The current equities rally has some analysts believing that the market has begun its recovery, while others judge the rally as unsustainable, with a genuine recovery still further off in the future. Regardless of […]
By Al Emid |June 30, 2009
4 min read
Want to make your clients happy? Invest some time, says PriceWaterhouseCoopers’ (PwC) latest Global Private Banking and Wealth Management Survey. Explaining recent spates of poor asset performance — in terms clients can truly understand — takes a great deal of face or phone time, the study notes. That’s a significant problem, since some firms have […]
By Philip Porado |June 30, 2009
Ten more may be added to the short list of people charged in the Madoff Ponzi scheme. So far, only Madoff and his accountant have been criminally charged for the biggest financial charge in history, which has caused losses in the amount of $13 billion to $70 billion to investors. A person who spoke on […]
By Staff |June 30, 2009
A federal judge has sentenced Bernard Madoff to 150 years in prison for masterminding the largest Ponzi scheme ever. The sentence is the maximum that he could have received. U.S. District Judge Denny Chin was apparently unmoved by Madoff’s statement of contrition: “I live in a tormented state for all the pain and suffering I […]
By Staff |June 29, 2009
Last week, the U.K.’s Financial Services Authority (FSA) issued rules that essentially codify a fee model for British investment advisors (IAs) and ban collection of commissions by IAs. The rules will take effect in 2012. The FSA’s principles-based regulatory regime was savaged by investors, government officials and the media following its failure to catch or […]
By Philip Porado |June 29, 2009
Scotiabank’s Commodity Price Index rallied by 2.2% month over month in May. The index, which measures price trends in 32 of Canada’s major exports, hit bottom in April, plunging 45% below its peak in July 2008. However, China’s renewed infrastructure spending and its steady pickup in industrial activity is pushing the index out of its […]
Calls for increased financial education finally appear to have been heard, as the federal government has commissioned a new national task force on financial literacy. The task force, announced by Finance Minister Jim Flaherty in Toronto on Friday, will be chaired by Sun Life CEO Donald Stewart. The task force was promised in the 2009 […]
By Steven Lamb |June 26, 2009
It isn’t just the faint-hearted who cowered during this downturn; the world’s millionaires and billionaires also went underground, seeking refuge in safer and homebound investments, according to the 2009 World Wealth Report from Merrill Lynch and Capgemini. Globally, the recession-singed high net worth market — $1 million or more in investable assets — suffered a […]
By Kanupriya Vashisht |June 26, 2009
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.