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(March 17, 2008) The Pan-Canadian Investors Committee for Third-Party Structured ABCP has filed an application today asking the Ontario Superior Court of Justice to call a meeting of ABCP noteholders to vote on the committee’s plan to restructure 20 of the trusts covered by last summer’s Montreal Accord. The filing was made under the Companies’ […]
By Staff |March 17, 2008
4 min read
Investors dipped their toes back into the Canadian mutual fund pool in February, recovering much of the outflows from January’s hefty sell-off. “Given the types of equity markets we’ve had recently, the absolute dollar figure for all categories was fairly reasonable,” says Rudy Luukko, investment funds editor for Morningstar Canada. “However, when you start to […]
By Steven Lamb |March 17, 2008
To say it was a bad day to be invested in banks would be an understatement. The collapse of Bear Stearns, America’s fifth largest investment bank, has sent bank stocks the world over into a tailspin as investors question who’s next. A more pressing question to Canadian investors may be Are our banks safe? After […]
By Mark Noble |March 17, 2008
5 min read
(March 14, 2008) The Investments Dealers Association of Canada has suspended two Toronto men for two months, ordering them each to pay a fine of $25,000. Jeffrey Bradford Kasman and Clinton Anderson must also pony up $40,000 in costs to the IDA and successfully complete the Conduct and Practices exam. While working at Desjardins Securities, […]
By Staff |March 14, 2008
1 min read
(March 14, 2008) High-net-worth clients could soon be invited to take advantage of a new credit card offering from RBC Royal Bank. The Visa Infinite card is available by invitation only and offers enhanced service, a customizable rewards program and access to premium insurance products. So far, RBC is the only Canadian bank to offer […]
2 min read
Equities and bonds have been lacklustre, high-yield mortgage debt disastrous — where are investors going to find yield? Some European brokers are finding it in carbon emissions trading, and now Canadians will get their chance to participate. The Montreal Climate Exchange (MCeX) announced today that it plans to launch trading of futures contracts on Canada […]
By Mark Noble |March 14, 2008
3 min read
(March 13, 2008) Politics is making strange bedfellows indeed. The Canadian Federation of Students is siding with the Conservative government in opposing the bill to make RESP contributions tax deductible. “This bill is a bad use of scarce resources, and it will cost about $1 billion a year,” said Amanda Aziz, national chairperson of the […]
By Staff |March 13, 2008
(March 13, 2008) Canadian securities regulation will become a little more streamlined next week, as National Instrument 41-101 General Prospectus Requirements will come into force on March 17, 2008. “NI 41-101 will make it easier for issuers to distribute securities across Canada by establishing one standard set of national prospectus rules,” said Jean St-Gelais, chair […]
A downturn in the stock markets and a rising Canadian dollar are curtailing growth in employer-sponsored pension funds, Statistics Canada reports. Growth in pension plans stalled in the third quarter of 2007. The market value of assets in these pension funds amounted to $957.2 billion for the three-month period ending September 2007, virtually unchanged from […]
By Mark Noble |March 13, 2008
(March 12, 2008) Mackenzie Investments has announced it is reopening the Mackenzie Cundill Recovery Fund, effective March 28, 2008, after leaving it closed for nearly two years. “Mackenzie closed Cundill Recovery Fund in 2006, as finding appropriate investment opportunities to deploy a growing cash position had become increasingly difficult,” said David Feather, president of Mackenzie […]
By Staff |March 12, 2008
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