Industry

Decorative pattern

Briefly:

(January 31, 2008) Canadians appear to have reined in their spending over the holidays, according to a survey by credit management firm TransUnion. In a survey of 1,000 adults, the company found 36% had spent less using their credit cards than they had in 2006. One-third said they racked up about the same amount of […]

By Staff |January 31, 2008

1 min read

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Leave to appeal granted in Kerry case

The Supreme Court of Canada has granted leave to appeal in the Elaine Nolan, et al. v. Kerry (Canada) et al. case. Plaintiffs had sought leave to appeal last year’s decision by the Ontario Court of Appeal, which is now open to reconsideration by the Supreme Court. In June, the Court of Appeal ruled that […]

By Craig Sebastiano |January 31, 2008

2 min read

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Industry livid over OBSI’s move toward advocacy

The Ombudsman for Banking Services and Investments is set to expand its role in dispute resolution, and that has some members of the investment industry worried. Letters from the Investment Funds Institute of Canada and the Investment Industry Association of Canada made their way to OBSI over the last couple of days — the period […]

By Bryan Borzykowski |January 31, 2008

5 min read

Decorative pattern

On The Shelf:

(January 30, 2008) Islamic investing is hot right now, so it’s no surprise that another related index series has popped up. This time FTSE has teamed up with Yassar Research to launch the FTSE Shariah Global Equity Index Series. The new index uses asset-based debt screening, which is a more conservative approach to Shariah compliance. […]

By Staff |January 30, 2008

3 min read

Decorative pattern

Briefly:

(January 30, 2008) AGF Management Limited has released its results for fiscal 2007, posting a net income of $175.9 million, up 72.3% from $102.1 million in 2006. The company points out that it benefited from a $13.5 million recovery in income tax expenses, as federal corporate tax cuts took effect. “Strong financial results continued into […]

By Staff |January 30, 2008

2 min read

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Tailor RRSP investment to risk reassessment

You have a client, you have a plan, and you have his or her RRSP contribution — that’s the easy part this year. The hard part is what to do with that money in a volatile market so you still have that client next year. If there is any consensus right now, it’s that the […]

By Mark Noble |January 30, 2008

6 min read

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Active managers turn in dismal results

Active managers are likely feeling a bit down today, and it has nothing to do with the weather. Russell Investments Canada revealed on Wednesday that only 41% of active managers beat the S&P/TSX Composite Index in Q4, their worst performance in more than two years. Kathleen Wylie, senior research analyst at Russell, says the poor […]

By Bryan Borzykowski |January 30, 2008

3 min read

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By The Book:

(January 29, 2008) The former president of Norbourg Asset Management has been sentenced to 12 years less a day in prison for his role in the collapse of the company. Vincent Lacroix was found guilty of fraud for transferring $115 million of investor capital into accounts he or his family controlled. About 9,200 investors were […]

By Staff |January 29, 2008

1 min read

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On The Shelf:

(January 29, 2008) It’s a good day to be a Goodman. Morningstar Canada has announced that Goodman Institutional Investments, a division of Dundee Wealth Management, has the largest collection of five-star-rated pooled funds. Out of 13 pooled funds offered by Goodman, eight had the top rating, with seven of those being the institutional versions of […]

By Staff |January 29, 2008

4 min read

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Briefly:

(January 29, 2008) Even if they had enough money to retire, most Canadians would choose to keep working, according to a new poll from RBC. In a survey of 1,200 Canadians, RBC found that 82% would continue to work, 53% of whom would work part-time or occasionally. The study also found that more than a […]

By Staff |January 29, 2008

5 min read

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