News and resources for Canada's top financial advisors
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The latest results of the RBC CASH (Consumer Attitudes and Spending by Household) Index show that more than half of U.S. consumers believe the economy is on the track to recovery. “Better-than-expected news about the economy and corporate earnings is helping consumers to recognize that the worst is behind us,” said RBC Capital Markets managing […]
By Staff |May 7, 2009
3 min read
Being a contrarian can hurt sometimes, especially when the markets are enjoying a broad upswing. For Canada’s most vocal bear, the latest rally is doing little to change his mind. Eric Sprott, president and CEO of Sprott Asset Management, acknowledges that his portfolios have taken a bit of a beating, especially among the short positions […]
By Steven Lamb |May 7, 2009
Confidence is not high. So say the majority of critical thinkers handicapping the expected results of stress tests being performed on the largest U.S. banks. The results are scheduled for release on May 7 — provided they’re not delayed a second time. Needham, Massachusetts-based think tank Tower Group expressed concerns about the test methodology, saying […]
By Philip Porado |May 6, 2009
A million dollars just isn’t what it used to be. A survey of American millionaires conducted by Fidelity Investments found that nearly half (46%) do not feel particularly wealthy and are looking for ways to rebuild their wealth. These survey respondents were not simply millionaires in name alone; they had an average of $3.5 million […]
By Steven Lamb |May 6, 2009
RBC Dexia Investor Services introduced its new quarterly Pooled Fund Survey, today. The survey presents comparative return information for individual pooled funds available within Canada. The survey will allow for various pooled funds to be evaluated according to their individual mandates, peers, and benchmarks. The inaugural survey is available now on rbcdexia.com. Going forward, the […]
By Staff |May 6, 2009
2 min read
In a time of an unprecedented global financial crisis, record unemployment, and when almost everyone’s investment portfolio is experiencing substantial losses, it would be understandable if advisors felt pessimistic about their prospects. “Not so,” says Susan Neal, a regional director at Investors Group. “This kind of market provides an excellent opportunity for advisors. During difficult […]
By Philip Dale |May 6, 2009
One of Canada’s largest retail asset managers has launched a new business division that will focus exclusively on the institutional investment marketplace. CI Investments has announced the launch of CI Institutional Asset Management. This brings together CI’s existing institutional distribution business and KBSH Capital Management, which was merged with Signature Global Advisors in December 2008. […]
By Steven Lamb |May 5, 2009
1 min read
RBC has once again earned top spot in the Canada’s Most Valuable Brands report by Brand Finance Canada, a biannual study that ranks Canadian brands based on the financial value of a brand trademark. With a brand value pegged at nearly C$5.4 billion, RBC held on to the No. 1 rank it also owned in […]
By Matt Semansky |May 5, 2009
Canada’s largest life insurance companies are scheduled to issue their latest earnings reports this week, and there’s a real risk that things could get ugly. According to a report out of CIBC World Markets, the industry could see losses of up to $1.6 billion in the first quarter, or about one third of analyst forecasted […]
By Staff |May 5, 2009
Usually the term “political risk” is restricted to discussions about emerging markets, but one well-known economic commentator says the United States bailout of large financial firms has given political risk a new meaning. William Poole, a senior fellow with the Cato Institute and the former president and CEO of the Federal Reserve Bank of St. […]
By Mark Noble |May 5, 2009
4 min read
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