Industry

Decorative pattern

Lovett-Reid wins top CFP award

Well-known personal finance commentator and BNN talk show host, Patricia Lovett-Reid is the 2009 recipient of the Donald J. Johnston Award for Outstanding Contribution to the Profession of Financial Planning in Canada (DJJ Award). This is the most prestigious award offered by the standards body that administers the Certified Financial Planner (CFP) designation. Lovett-Reid, a […]

By Mark Noble |May 22, 2009

4 min read

Decorative pattern

Feds offer guarantee on insurer debt

The federal government has rolled out a new program to provide insurance on the wholesale term borrowing of federally regulated life insurance companies. The Canadian Life Insurers Assurance Facility (CLIAF) is meant to ensure that Canadian life insurers have access to debt markets on competitive terms. “As part of the government’s extraordinary financing framework announced […]

By Staff |May 22, 2009

1 min read

Decorative pattern

Briefly:

Sixty-three percent of executives plan to work longer than they had initially planned, according to a global survey by Korn/Ferry Institute. Only 25% of respondents had not changed their retirement expectations in the face of the recession. The survey found that a majority of executives (52%) plan to retire at age 64 or older, an […]

By Staff |May 21, 2009

3 min read

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Managing manager risk

The recent controversy over mutual fund fees has put the cost of advice under the microscope, while the cost of investment management itself has been taken as a given. These costs are higher for multi-manager solutions for one simple reason: appropriate investment selection is an ongoing process, not a one-time event. Costs aside, clients will […]

By Mark Noble |May 21, 2009

4 min read

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New credit card rules: What clients should know

The Department of Finance has rolled out new credit card legislation that will effectively reduce some of the costs of borrowing for Canadian credit card users. The most important initiative is the creation of the Credit Business Practice Regulations, which govern business practices of credit card issuers the government deems harmful to consumers. The most […]

By Mark Noble |May 21, 2009

5 min read

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Quebec sets course on regulatory harmony

If Canada is serious about doing away with its regulatory patchwork and moving toward common enforcement of securities violations, it can take cues from Quebec, according to presenters at a Capital Markets Institute forum in Toronto. Stéphane Rousseau, who chairs the University of Montreal’s Centre for the Law of Business and International Trade, noted a […]

By Philip Porado |May 20, 2009

3 min read

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Briefly:

A full agenda is available on the BetaPro website. BetaPro also announced today, May 20, the filing of a preliminary prospectus for the Horizons BetaPro Double Gold Bullion Fund, which aims to provide liquid, secure and low-cost leveraged long-term exposure to physical gold bullion. The fund can be purchased in U.S. dollars (Class U), or […]

By Staff |May 20, 2009

3 min read

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Global managers take on risk

Confidence in the world economy has improved, with seven out of 10 money managers believing that the markets will improve in the next 12 months, according to the Merrill Lynch Survey of Fund Managers conducted in May 2009. Average cash holdings have fallen from 4.9% to 4.3%, as portfolio managers moved into equities. And for […]

By Rayann Huang |May 20, 2009

2 min read

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Altering allocation to account for new risks

Asset allocation deals with a lot of assumptions about the return projection of asset classes and the correlation of assets within a portfolio. Unfortunately, lessons from this most recent downturn mean investors may have to rethink those assumptions, one seasoned asset allocation strategist says. At the recent CFA Institute’s Annual Conference in Orlando, Darren Sasveld, […]

By Mark Noble |May 19, 2009

6 min read

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Briefly:

A new report from CIBC World Markets indicates that business bankruptcies were declining as of March, however, personal bankruptcies had increased. This trend differs with what’s happening in the U.S., where business and personal bankruptcies continue to increase, and also with the trends from the previous recessions when business bankruptcies reached record highs. During the […]

By Staff |May 19, 2009

3 min read

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