Industry

Decorative pattern

Briefly: “Gluskin Sheff hires David Rosenberg” and more news

Gluskin Sheff + Associates has announced the firm has hired David Rosenberg, managing director, chief North American economist of Bank of America and formerly chief North American economist of Merrill Lynch. He will join Gluskin Sheff as chief economist and strategist in May. He will report to William Webb, deputy chief investment officer. “We are […]

By Staff |March 24, 2009

2 min read

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The case for caution

In 2009, investors faced the the worst bear market of the post-war period. And advisors had a Herculean challenge in trying to determine whether it was a good time to seek out bargains in stocks or if caution should reign. There were money managers who remain positioned for the latter. For Christine Hughes, senior vice-president […]

By Mark Noble |March 23, 2009

4 min read

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Tech fund poor substitute for LSIF credit

The venture capital industry has applauded the Ontario government’s new fund for innovative high-tech companies, but some experts also say that if the province really wants to get money into the hands of businesses, it should bring back tax credits on certain retail vehicles. “It’s very hard to imagine any solution that doesn’t encompass the […]

By Stefan Dubowski |March 23, 2009

3 min read

Decorative pattern

Briefly: “Seniors risk falls to avoid stigma” and more news

Canadian seniors are apparently willing to risk injury just to avoid using assistive devices such as walkers, canes and motor scooters, according to a survey by Ipsos-Reid. The poll found that seven in 10 Canadian aged 70 and over reported some physical limitation that affected their quality of life but that 46% do not use […]

By Staff |March 23, 2009

3 min read

Decorative pattern

Maximizing a severance plan

Severance planning is a strange dynamic for advisors, and it’s generally a negative and frustrating process for clients. For advisors, it creates a lump sum planning opportunity during a time when revenue opportunities are limited. If you’re not maximizing your clients’ wealth, be warned. Peter Merrick, a CFP and president of merrickwealth.com, is an expert […]

By Mark Noble |March 20, 2009

5 min read

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Briefly: “Canadians still spending: StatsCan” and more news

The constant barrage of gloom hasn’t deterred Canadian consumers from emptying their wallets; Statistics Canada reports that retail sales grew during the month of January. According to StatsCan, retail sales rose 1.9% in January, to $33.7 billion. Granted, the jump comes after the worst Christmas shopping season in 15 years, after sales declined 5.2% in […]

By Staff |March 20, 2009

3 min read

Decorative pattern

Tax harmonization not just “Ontario’s problem”

If the government of Ontario implements a harmonized sales tax in its next budget, expect the costs of mutual funds, ETFs and — most dramatically — segregated funds to rise substantially across Canada. Some in the industry have brushed off an added sales tax as an Ontario problem of little financial consequence to the end […]

By Mark Noble |March 19, 2009

4 min read

Decorative pattern

Ratings agency turns negative on insurers

The outlook for the Canadian insurance industry has taken another hit, as the entire sector was downgraded by U.S. financial service ratings agency, A.M. Best. The agency has revised its outlook on the Canadian life insurance sector from “stable” to “negative.” “While nearly all life insurers in Canada have been negatively impacted in some way […]

By Steven Lamb |March 19, 2009

2 min read

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Briefly: “Asset mix key to protecting retirement income” and more news

For investors with a strong constitution, the current market malaise may very well represent some “good buying opportunities,” as described by Prime Minister Harper. For Canadians planning to retire within the next few years, the situation holds far less promise. However, new research suggests that a few changes to one’s portfolio mix can protect against […]

By Staff |March 19, 2009

3 min read

Decorative pattern

Bullish sentiment, but no one’s buying

The signs of economic apocalypse are everywhere: job cuts measured in the tens of thousands; residential foreclosure rates rising; and stock markets bouncing along at multi-year lows. But now there are signs of renewed investor optimism. In fact, investors appear to be in the best mood since December 2005, according to the latest Merrill Lynch […]

By Steven Lamb |March 18, 2009

2 min read

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