Industry

Investors should be wary of Russian politics

For years Russia has been a boon to energy-centric investors and emerging market nuts, but with the Kremlin’s increasingly belligerent attitude toward western investors, is it time to take the R out of BRIC? “I would be very hesitant to adopt new positions in the Russian market,” says Bob Gorman, TD Waterhouse’s chief portfolio strategist. […]

By Bryan Borzykowski |August 28, 2008

2 min read

Briefly: Commodities up in July, and more news for Wednesday

(August 27, 2008) Commodity prices surged in July, gaining 4% month-over-month, according to Scotiabank’s Commodity Price Index. That makes it the seventh consecutive record-setting month. The broad-based commodity index tracks the 32 separate materials that make up the bulk of Canada’s resource exports. The index has climbed 226.8% since its cyclical low in October 2001, […]

By Staff |August 27, 2008

2 min read

Scotia enters Chinese mutual fund market

Scotiabank has struck a deal with the Bank of Beijing to buy a one-third interest in a Chinese-based fund management company that has yet to be established. The 33% stake is valued at about $15 million U.S. The joint venture still requires Chinese regulatory approval, which would clear the way for the creation of Bank […]

By Steven Lamb |August 27, 2008

2 min read

Budget submissions start early

Despite a possible election announcement next week, some Canadian institutions are already submitting their federal budget wish lists to the Conservative government. The Investment Funds Institute of Canada, which sent its submission off Wednesday, chose to focus its letter on retirement issues. “Canada’s demographic is changing and so are financial products to reflect that,” says […]

By Bryan Borzykowski |August 27, 2008

3 min read