Industry

Decorative pattern

August fund sales typically slow: IFIC

As currently volatile markets continue to take down financial giants, cautious Canadians have responded by continuing to favour money market funds, according to preliminary numbers from the Investment Funds Institute of Canada. This “response to heightened volatility in capital markets” resulted in $72.9 billion in money market fund assets at the end of August, up […]

By Romana King |September 15, 2008

3 min read

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Briefly:

(September 12, 2008) Bennett Jones LLP, one of Canada’s leading business law firms, has welcomed David Dodge to the firm as senior advisor. Dodge was the former Governor of the Bank of Canada from February 1, 2001, to January 31, 2008. “Mr. Dodge adds unquestionable depth to the team of business advisory experts we have […]

By Staff |September 12, 2008

2 min read

Decorative pattern

Investors look beyond BRIC

With a lower level of correlation to the global credit crisis, developing markets are attracting investors looking for extra alpha beyond the trendy markets of Brazil, Russia, India and China (BRIC). At the recent World Alternative Investment Summit Canada, three experts shared their views on the risks and opportunities in the alternative developing markets. As […]

By Mark Noble |September 12, 2008

6 min read

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Briefly:

(September 11, 2008) Canada’s dwindling savings rate will get a boost with the introduction of the Tax-Free Savings Account (TFSA) in January 2009, a report from CIBC World Markets confidently proclaimed today. The new accounts could provide the impetus for Canadians to save up to $115 billion by 2013, with a cumulative tax saving of […]

By Staff |September 11, 2008

3 min read

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Briefly:

(September 10, 2008) While the financial services industry prepares for the advent of the Tax-Free Savings Account (TFSA) in January, the real challenge may be to explain the account to the general population. According to a survey by ING Direct, three-quarters of Canadians either don’t know what the TFSA is, or have only limited knowledge […]

By Staff |September 10, 2008

3 min read

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By The Book:

(September 10, 2008) The proposal by the Investment Industry Regulatory Organization of Canada (IIROC) to define and regulate financial planning continues to receive criticism, this time from the Independent Financial Brokers of Canada (IFB). The organization says that while they “feel it’s important to distinguish between those who provide financial planning services in the context […]

By Staff |September 10, 2008

2 min read

Decorative pattern

Bearish sentiment seeps into Rubin’s view

One of Canada’s most notorious bulls is giving ground in the face of continued market uncertainty. Jeff Rubin, chief strategist for CIBC World Markets, has cut his outlook for the S&P/TSX Composite Index by more than 1,000 points. Until today, Rubin had a 2008 target of 14,300 for the index, but has now scaled that […]

By Steven Lamb |September 10, 2008

2 min read

Decorative pattern

Industrial Alliance buying Sarbit

Industrial Alliance has expanded its asset management operations in English Canada with the purchase of Sarbit Asset Management Inc. (SAMI). The Quebec-based insurer will tender its offer for all outstanding shares of Sarbit, and has already entered into lock-up agreements with shareholders representing 75% of the company’s shares. Sarbit Asset Management was founded in 2005 […]

By Steven Lamb |September 9, 2008

2 min read

Decorative pattern

The week in review: September 2-5, 2008

Welcome to the weekly roundup of news affecting you, as covered by Advisor.ca and our sister publication, Objectif Conseiller. Read this section every week to catch up on the news you missed, or click here and subscribe to the week in review to get regular updates sent to your in-box or blackberry. In the news […]

By Kate McCaffery |September 9, 2008

5 min read

Decorative pattern

Briefly:

(September 9, 2008) TMX Group has named Kevan Cowan as president, TSX Markets, and group head of equities. Cowan is already president of TSX Venture Exchange, a role he will maintain. “We are delighted to announce today that Kevan will be spearheading the continued growth and development of Canada’s two national equity exchanges,” said Thomas […]

By Staff |September 9, 2008

2 min read

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