News and resources for Canada's top financial advisors
Industry
With shrinking new supplies of oil and increasing global demand, there are virtually no voices that are saying oil will drop to the low-levels of the early part of this decade. However, you can still have a long term bullish outlook on oil and believe it’s overpriced in the short-term. This is the position taken […]
By Mark Noble |May 21, 2008
4 min read
Franklin U.S. Small-Mid Cap Growth Corporate Class will merge into Franklin Flex Cap Growth Corporate Class Bissett Large Cap Fund will merge into the Bissett Canadian Equity Fund Templeton Global Balanced Fund will merge into Templeton Global Income Fund Templeton Balanced Fund will merge into Templeton Canadian Asset Allocation Fund • • • Hartford closing […]
By Staff |May 20, 2008
2 min read
Healthy skepticism toward the ethanol fad is prompting Canadian parliamentarians to take a second look at Bill C-33 — the bill that would set minimum levels of biofuels to be blended with gasoline, diesel and heating oil. Any decision could subsequently affect related commodity prices, which have soared due to biofuel demand over the past […]
By Romana King |May 20, 2008
3 min read
The restructuring plan, which was overwhelmingly approved by noteholders back in April, would prevent legal action against ABCP providers and their sponsor banks. There is no mention, however, of cases of fraud. On Friday, Ontario Superior Court Justice Colin Campbell adjourned the approval of the ABCP, citing an insufficient recourse for legitimate claims of fraud. […]
By Mark Noble |May 20, 2008
To no one’s surprise, equity financing took a huge hit in the first quarter of 2008. In the Investments Industry Association of Canada’s new equity issuance report, the organization revealed that Q1 issuance dropped to $10.8 billion — down 23% quarter over quarter and 53% from last year. “Despite measures taken by central banks to […]
By Bryan Borzykowski |May 16, 2008
Almost one million Canadian investors, associated with Social Investment Organization affiliates, are hoping that advisors across the country will be required to include values-based questions when they open a new account or review an old client file. Currently, the “know your client” (KYC) rule is fairly vague, giving few specifics about what advisors need to […]
By Romana King |May 16, 2008
Somewhere in the glass towers of law offices, security regulators and dealer boardrooms, legal experts, compliance officers and owner-dealers are hammering out the details of how registration reform, scheduled to take effect on March 30, 2009, will impact their businesses. Laurie Cook’s advice is simple: “Buy t-shirts and create teams.” As a partner at the […]
7 min read
(May 15, 2008) JovFunds Management has announced it plans to merge two of its mutual funds into the Jov Leon Frazer Dividend Fund within the next 90 days. The affected funds are the Jov Leon Frazer Balanced Fund and the Jov Diversified Monthly Income Fund. Investors in the funds being merged will be given 60 […]
By Staff |May 15, 2008
1 min read
(May 15, 2008) Canada’s nationwide love affair with the real estate market appears to be cooling off, according to a report out of Scotia Economics. So far, the price decline of existing homes is visible only when inflation is factored in, as price increases in nominal terms have eased to single digits on a national […]
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