Industry

Decorative pattern

Coventree closing shop

Coventree has had its fair share of troubles lately, but that soon may come to an end, as the financial services firm is seeking what it calls an “orderly windup of its operations.” Over the summer the company was hit hard by losses due to problems in the asset-backed commercial paper market, from which the […]

By Bryan Borzykowski |February 13, 2008

2 min read

Decorative pattern

Angry advisors change CI’s mind

Outrage in the advisor community has forced one of the country’s largest investment firms to backtrack on a move to transfer assets from one money manager to another. CI Investments and Sun Life Financial have scrapped a plan that would have shifted about $400 million in SunWise and SunWise Elite segregated funds from Fidelity Investments […]

By Steven Lamb |February 13, 2008

4 min read

Decorative pattern

Briefly:

(February 12, 2008) Morningstar Canada has announced the roster of speakers for the sixth annual Morningstar Investment Conference, to be held in Toronto June 11. The conference will include a presentation on investor behaviour by Terrance Odean, professor of banking and finance at University of California, Berkeley. Also speaking at the conference are three top-producing […]

By Staff |February 12, 2008

2 min read

Decorative pattern

2007 banner year for buying Canada

Despite growing problems in the credit markets in 2007, companies found the capital to invest in Canada. Both private equity deals and venture capital investments were up last year, according to the Canadian Venture Capital and Private Equity Association (CVCA). Using data compiled by Thomson Financial, the CVCA says the total value of announced buyouts […]

By Mark Noble |February 12, 2008

3 min read

Decorative pattern

On The Shelf:

(February 11, 2008) Russell Investments Canada announced Monday that its class B, I-5, I-6 and I-7 units of the LifePoints Portfolios will now be available under a deferred sales charge purchase option. The company is also offering no load, low load and front load to its purchase options. “This initiative is designed to give advisors […]

By Staff |February 11, 2008

1 min read

Decorative pattern

By The Book: ASC issues five-year ban

(February 11, 2008) The Alberta Securities Commission has banned an Edmonton man from the market for five years for illegal distribution of securities. Lambert Lavallee was the founder and significant shareholder of KCP Innovative Services Inc. The ASC found that he raised $1.5 million from at least 107 investors without being properly registered. “Unless sanctioned, […]

By Staff |February 11, 2008

1 min read

Decorative pattern

Briefly:

(February 11, 2008) Tax time can be confusing, so Ernst & Young has updated its guide to personal tax returns. The Ernst & Young Guide to Preparing 2007 Personal Tax Returns has updates on new rules, including pension income splitting, RESP changes and increased capital gain deduction limits for small business shares. “This is such […]

By Staff |February 11, 2008

2 min read

Decorative pattern

Funds seek value from

Real estate and financial services are among the two most beaten up categories in today’s market climate, and that’s exactly why AIC Limited has launched four new funds that invest specifically in those sectors. AIC believes the time is right to apply its buy-and-hold value strategy to those sectors through the AIC Global Real Estate […]

By Mark Noble |February 11, 2008

4 min read

Decorative pattern

On The Shelf:

(February 8, 2008) Women are more concerned than men about long-term-care needs but don’t seem to fully realize the costs associated with caring for their spouse, according to a Manulife survey. The survey reports that 62% of women worry that their partner will end up in a nursing home or require other care in the […]

By Staff |February 8, 2008

2 min read

Decorative pattern

BMO advisors get first crack at draw-down product

BMO Mutual Funds is the latest entrant into the fast-growing retirement-income market with a product that will attempt to cover the current demands of the industry: automatic portfolio rebalancing, a tax-efficient retirement income and principal protection. But unlike independent manufacturers, BMO plans to use the product to boost its own distribution network and will offer […]

By Mark Noble |February 8, 2008

3 min read

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