Industry

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Fund sales pick up in December: IFIC

Money market funds helped drive overall December fund sales to between $2.8 billion and $3.3 billion, according to preliminary estimates by IFIC. “December sales helped cap a noteworthy year for the fund industry, with total long-term fund sales estimated to be the highest since 1998 and money market sales ending the year in positive territory […]

By Steven Lamb |January 3, 2008

2 min read

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Briefly:

(January 2, 2008) B2B Trust has signed a deal with AIM Trimark Investments to provide investment loans, making it the 50th firm to sign on with B2B. “It is with great excitement that we welcome the addition of such a prestigious firm as AIM Trimark to the B2B Trust client roster,” says François Desjardins, president […]

By Staff |January 2, 2008

2 min read

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Bears growling: Russell

After four years of strong growth on the Canadian stock market, the greatest growth now appears to be in negative sentiment, according to the Russell Investment Manager Outlook. Although the majority of managers expect positive returns for 2008, the survey of 34 investment management firms found an increasing level of bearishness. Only 28% of those […]

By Steven Lamb |January 2, 2008

2 min read

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Industry reacts to ABCP roadmap

With a restructuring agreement finally in place, large holders of third-party asset-backed commercial paper (ABCP) now have a better understanding of the fate of the problematic paper and can inform their investors about what they intend to do with their ABCP holdings. On December 23, 2007, the Pan-Canadian Investors Committee for Third-Party Structured Asset Backed […]

By Mark Noble |January 2, 2008

4 min read

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Briefly:

(December 28, 2007) The Canadian Securities Administrators has revealed that it has made amendments to National Instrument 51-101 Standards of Disclosure for Oil and Gas Activity. The amendments related to revised standards for the disclosure of resources. In some cases, the changes to the national instrument streamline annual filing requirements. “Since it was implemented in […]

By Staff |December 28, 2007

1 min read

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Economists’ predictions for 2008

As 2007 comes to a close, it’s only natural in the financial world’s forecast-happy climate that a number of institutions have already started predicting what will happen next year. The general consensus is that the Canadian dollar will remain somewhere around par, the U.S. economy will slow down further, and the markets will be just […]

By Bryan Borzykowski |December 28, 2007

4 min read

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Year in review: 2007’s most newsworthy happenings

As the year comes to a close, advisors are likely breathing a (temporary) sigh of relief. The year started off well enough; markets reached record highs — the S&P/TSX Composite Index broke 14,000 points in mid-May — but, as the saying goes, what goes up must come down. And come down it did. The Composite […]

By Bryan Borzykowski |December 28, 2007

6 min read

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(December 27, 2007) Economists at Desjardins Group released their forecast for next year, and they’ve concluded that a U.S. recession can be avoided. The economists predict that real GDP growth in the U.S. will be 2% next year. Despite a 40% risk of recession, the company thinks the U.S. Federal Reserve will continue to cut […]

By Staff |December 27, 2007

2 min read

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Start planning for the dream retirement today

If spending your golden years in a castle on a beach sounds outlandish, well, tell that to your clients. According to a Bank of Montreal promotion, which asked 34,000 people where they’d like to retire, 25% of respondents said on a beach, while 16% wanted to live in a villa on a beach. One ambitious […]

By Bryan Borzykowski |December 27, 2007

2 min read

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Briefly:

(December 24, 2007) Ian Thow, Berkshire’s former vice-president, has been fined $6 million by the British Columbia Securities Commission. Using recent legislative amendments, the regulator was able to slap this hefty fine on Thow and also permanently ban him from participating in B.C.’s capital markets. On October 16 of this year, Thow was found guilty […]

By Staff |December 24, 2007

4 min read

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