Industry

Decorative pattern

Gloomy months ahead for economy: RBC

Most advisors know long-term investing is the way to go, but if you’ve got a trigger-happy client, then be prepared to buy (or sell) over the next few months. That’s because RBC Economics says the next few months will be filled with rate cuts and uncertainty, something short-term-focused investors might be able to use to […]

By Bryan Borzykowski |January 11, 2008

4 min read

Decorative pattern

CBA urges feds to reconsider mergers, insurance

When the Competition Policy Review Panel puts forth its recommendations to the federal government in June, it may have to address whether the bans on allowing banks to merge and sell insurance in the branches should be lifted. The Canadian Bankers Association (CBA) submitted its recommendations to the Competition Policy Review Panel on Thursday. Among […]

By Mark Noble |January 11, 2008

4 min read

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(January 10, 2008) If you think $100 is a steep price for oil, CIBC World Markets has some bad news: oil will hit $150 a barrel within five years. That’s according to senior strategist Jeff Rubin, who points to the Econ 101 lesson of supply and demand. Not only is demand for petroleum rising in […]

By Staff |January 10, 2008

3 min read

Decorative pattern

Pension plan ratios improved in 2007: Watson Wyatt

While last year’s market turmoil wreaked havoc on much of the investment industry, one area that not only survived but improved was pension plan–funding ratios. According to a new Watson Wyatt report, the typical pension plan enjoyed 106% funding at the end of December — a 10% increase over the same time in 2006. David […]

By Bryan Borzykowski |January 10, 2008

2 min read

Decorative pattern

Complexity killing the market: Risk expert

Innovation in today’s investment products is causing more harm than good, according to well-known author and risk management expert Richard Bookstaber. Bookstaber, who works at Connecticut-based investment management company Bridgewater Associates, was the keynote speaker at an event hosted by the Alternative Investment Management Association of Canada in Toronto on Monday. His talk centred on […]

By Mark Noble |January 10, 2008

4 min read

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(January 9, 2008) Power Financial has announced the appointment of Philip K. Ryan as executive vice-president and chief financial officer, effective no later than January 31, 2008. He will assume the same titles at Power Corporation of Canada. Ryan will succeed Power Financial’s outgoing CFO, Michel Plessis-Bélair, who will continue as a director of Power […]

By Staff |January 9, 2008

3 min read

Decorative pattern

Fidelity offering addresses draw-down

Fidelity Investments Canada has launched the country’s first major mutual fund–based retirement income product to challenge the insurance industry’s guaranteed minimum withdrawal products. With boomers racing toward retirement, financial firms have been devoting their resources to developing an investment portfolio that provides a retirement income while growing assets quickly enough to mitigate the risk of […]

By Mark Noble |January 9, 2008

3 min read

Decorative pattern

Bousada’s departure worries analysts

With Tye Bousada’s departure from AIM Trimark’s flagship fund yesterday — the third top employee to leave the firm — analysts are concerned about the company’s future. Dan Hallett, an independent fund analyst, says Bousada’s unexpected exit from Trimark Fund puts AIM Trimark “between a rock and a hard place,” especially since the company still […]

By Bryan Borzykowski |January 9, 2008

4 min read

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(January 8, 2008) The global credit crunch isn’t good news for anyone, especially Toronto-based rating agency DBRS. The company shut down its three European offices on Tuesday. The closures affect 43 people in Frankfurt, Paris and London. DBRS says coverage of European credit would be done from North America, just as it was before the […]

By Staff |January 8, 2008

3 min read

Decorative pattern

Stick with the TSX in 2008: Rubin

Just because the American economy is in turmoil doesn’t mean investors should turn their backs on Canada as well. In fact, the Toronto Stock Exchange is still a good place to park investment dollars, according to Jeff Rubin, chief strategist and chief economist at CIBC world markets. The popular economist says the resource and energy […]

By Bryan Borzykowski |January 8, 2008

3 min read

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