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The key announcement from the Department of Finance on the trust conversion rules is that there will be no tax incurred by either unitholders or the income trust to make the conversion to a corporation before the 2011 deadline. For the most part, those who watch the trust sector say this announcement will have little […]
By Mark Noble |July 15, 2008
4 min read
(July 14, 2008) IA Clarington Investments has announced an expansion to its corporate class fund lineup, adding five multi-manager portfolios and two mutual funds. The added portfolios include the series A and M units of the Distinction Prudent, Conservative, Balanced, Growth, and Bold portfolios. Series A and F units of the IA Clarington Canadian Leaders […]
By Staff |July 14, 2008
2 min read
(July 14, 2008) Even in times of weak growth and tough financing arrangements, some companies still manage to make good deals in the merger and acquisition market. According to KPMG, these firms share key characteristics that allow them to forge ahead. “Our analysis reveals some specific steps that M&A teams can take to replicate the […]
1 min read
In its report, the C.D. Howe Institute argued the federal government should consider scrapping the RRIF minimum withdrawal rules or adapt the 1992 formula still in use to reflect significant changes that have occurred in both the interest rate environment and the life expectancy of retirees. In today’s investment climate, retirees with traditionally conservative income-oriented […]
By Mark Noble |July 14, 2008
(July 11, 2008) Everyone needs advice now and again, including the Bank of Canada. The BoC announced Friday that it was hiring two university professors as special advisors. Angelo Melino, professor of economics at the University of Toronto, and Frank Milne, professor of economics and finance at Queen’s University, will join the bank for the […]
By Staff |July 11, 2008
3 min read
The IAFP is claiming the IARFC is infringing on its trademarks. The IAFP says the common usage of the first two letters of each designation to mean “registered financial” is too similar. In addition, it says the acronyms of the designations sound too similar. Thirdly, the IAFP says the American IARFC’s slogan, “Separate yourself from […]
By Mark Noble |July 11, 2008
(July 10, 2008) AIM Trimark has announced enhancements to two of its Core Bundles, adding exchange-traded funds to the asset mix and improving the clarity of client reports. Effective immediately, the investment strategies of AIM Trimark Core American Equity Class will permit the fund to invest up to 50% of its assets in units of […]
By Staff |July 10, 2008
(July 10, 2008) The head of the Lebanese Canadian Bank says a lawsuit against his company is without merit, and the bank will defend itself vigorously against accusations that it played a role in financing terror. Georges Zard Abou Jaoude, chairman and general manager of Lebanese Canadian Bank, says that his bank is fully compliant […]
Almost no one has been spared during the past year’s market meltdown, including pension plan sponsors. A Watson Wyatt report finds that in the past six months, pension funded ratios have been careering wildly due to extreme market volatility. In the first two months of the year, pension funded ratios dropped three points to 103%, […]
By Bryan Borzykowski |July 10, 2008
The two major features of yesterday’s announcement were the reduction in the maximum amortization of mortgages from 40 to 35 years and the requirement that homeowners make a 5% down payment in order to be covered by Canada Mortgage and Housing Corporation (CMHC). By law, homebuyers are required to take out CMHC insurance if they […]
By Mark Noble |July 10, 2008
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