Industry

Decorative pattern

Briefly:

(September 23, 2008) Largely driven by higher prices for gasoline, the Consumer Price Index (CPI) rose 3.5% between August 2007 and August 2008. It was the largest 12-month increase in CPI inflation since March 2003, according to Statistics Canada. On a monthly basis, consumer prices after seasonal adjustment rose 0.2% from July to August 2008. […]

By Staff |September 23, 2008

4 min read

Decorative pattern

On The Shelf:

Mackenzie Investments announced a number of changes to its fund lineup as a result of a special meeting of fund-holders held Monday. Investors in a number of the Putnam brand of mutual funds approved a resolution to merge the funds into Mackenzie funds with similar mandates. The Existing Putnam Fund will be rolled into the […]

By Staff |September 23, 2008

2 min read

Decorative pattern

World needs stand-alone investment banks: Experts

While the acquisition and restructuring of the U.S. investment banking system seems to have helped head off a massive crisis in the U.S. financial system, merging commercial banks with investment banks could have negative implications for worldwide consumer lending, says a panel of experts from research firm TowerGroup. TowerGroup expects many of the investment banks […]

By Mark Noble |September 23, 2008

4 min read

Decorative pattern

Majority of retirees feel good about financial health

The survey, which was released Tuesday, says 88% of retirees consider their financial health to be good, very good or excellent. “Conventional wisdom says there would be all these challenges, but when you look around into your own families, you don’t see the struggles that you think are going to happen,” says Irshaad Ahmad, Russell’s […]

By Bryan Borzykowski |September 23, 2008

3 min read

Decorative pattern

Briefly:

(September 22, 2008) Investors who hold issues of frozen asset-backed commercial paper can now exchange those investments for the new restructured notes. The Pan-Canadian Investors Committee for Third-Party Structured ABCP announced that the process of tendering existing holdings of ABCP in exchange for restructured notes has begun. CDS Clearing and Depository Services has established a […]

By Staff |September 22, 2008

3 min read

Decorative pattern

Answer to market woes: invest in value

Even as the wreckage of financial giants continues to dominate business headlines, value investors are making the case for long-term fundamentals. And it might be just what the market needs. At the AIC roadshow this week, investors and advisors packed the sprawling Carlu ballroom in Toronto to ascertain whether or not value investing could really […]

By Romana King |September 22, 2008

4 min read

Decorative pattern

On The Shelf:

(September 22, 2008) Manulife has added more bonus features to its popular guaranteed minimum withdrawal product, IncomePlus, including an unlimited income bonus period for investors. As of October 20, 2008, IncomePlus investors will receive a 5% bonus on their guaranteed income for each year that they don’t make a withdrawal from IncomePlus. Previously, income bonuses […]

By Staff |September 22, 2008

2 min read

Decorative pattern

Wellington West sells small stake to National Bank

After searching for months, Wellington West Capital has found the backing it needs to pursue its aggressive growth strategy. The Winnipeg-based full-service brokerage has signed a deal to sell 12.5% of the firm to National Bank Financial Group for $35.8 million ($54.40 per share). Charlie Spiring, CEO and founder of Wellington West, says with the […]

By Renée Alexander |September 22, 2008

3 min read

Decorative pattern

Briefly:

(September 19, 2008) National Bank Financial Group has acquired Retirement Option Group, a financial planning firm with $1.5 billion in assets under management. “This is our fourth and largest transaction since the beginning of 2008,” said Luc Paiement, executive vice-president, wealth management and co-CEO of National Bank Financial. “We have once again confirmed that our […]

By Staff |September 19, 2008

2 min read

Decorative pattern

Equities, energy commodities soar, precious metals pull back

Equity markets around the world have staged major rallies overnight and this morning as moves by the U.S. Treasury and securities regulators in the U.S. and U.K. to limit short selling and to attempt to stabilize the global banking system appear to have been well received by investors. Following on from Thursday’s late-day surge and […]

By Colin Cieszynski |September 19, 2008

4 min read

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