Industry

Decorative pattern

Clients want more from their advisors

Just offering investment advice to your affluent clients doesn’t cut it anymore. These days, wealthy Canadians want their advisors to help them with everything from picking the right stocks to succession planning. Peter Watson, president of Oakville-based Peter Watson Investments, discovered as much after surveying 34 accountants and lawyers about what type of planning clients […]

By Bryan Borzykowski |December 6, 2007

3 min read

Decorative pattern

Dodge expects credit problems to persist

The Bank of Canada believes the risks to the Canadian economy have increased over the past couple of months because of continued problems with global credit markets and the volatile Canadian dollar. In what was in all likelihood his last public appearance in front of the Standing Senate Committee on Banking, Trade and Commerce before […]

By Mark Noble |December 6, 2007

3 min read

Decorative pattern

Briefly:

(December 5, 2007) The IDA has expelled Graydon Elliott Capital Corporation from the industry, following a suspension that was imposed in February 2007. The IDA hearing panel found that Graydon had “failed to meet IDA minimum capital requirements from January 1 to February 26, 2007; provided inaccurate, misleading and contradictory information concerning its financial and […]

By Staff |December 5, 2007

3 min read

Decorative pattern

Planning with proverbs

Breaking down financial concepts so they are easily understood is often the hallmark of successful advisors. For clients with a limited command of the English language, this can be difficult. A finance professor recognized for outstanding teaching recommends using proverbs as a way to bridge the communication gap. Ernest Biktimirov, an associate professor of finance […]

By Mark Noble |December 5, 2007

4 min read

Decorative pattern

Briefly:

(December 4, 2007) It was probably the most unpredictable policy meeting of the year, but in the end the Bank of Canada decided to lower its overnight rate by 25 basis points to 4.25%. Up until this morning, economists across the country were divided on whether or not the BoC would cut rates now or […]

By Staff |December 4, 2007

2 min read

Decorative pattern

Canadian equity funds beaten up in November

Mutual funds that invest in Canadian equities, particularly those that focus on the resource sectors, had terrible returns in November, according to performance data released by Morningstar Canada. Morningstar says the S&P/TSX Composite Index posted its worst one-month performance since the trough of the post-dot.com bear market more than five years ago. All domestically focused […]

By Mark Noble |December 4, 2007

4 min read

Decorative pattern

Fund sales slow in November

Tough market conditions appear to have cut into mutual fund sales in November, as the industry managed to only pull in between $1.56 billion and $2.06 billion in fresh capital, according to the preliminary estimates by IFIC. “Early indications are that money market sales were particularly strong in November. This was due to two trends […]

By Steven Lamb |December 4, 2007

2 min read

Decorative pattern

Briefly:

(December 3, 2007) Industrial Alliance Insurance and Financial Services announced Monday the launch of Ecoflextra, a retirement product that offers protection and growth features. Ecoflextra is a type of guaranteed minimum withdrawal product that provides a retirement income guaranteed for life while allowing clients to profit fully from all the growth potential of the market. […]

By Staff |December 3, 2007

5 min read

Decorative pattern

BoC keeps people guessing on rate cuts

In one of the most anticipated decisions of the year, the Bank of Canada will announce on Tuesday whether or not it’s cutting lending rates. Right now, no one knows what the BoC will do. “There’s a 50.5% chance that there’s going to be a cut,” says Don Drummond, senior vice-president and chief economist at […]

By Bryan Borzykowski |December 3, 2007

4 min read

Decorative pattern

Insurers take on more risk to offer investments

Insurers are finding a profit bonanza in wealth management, but a global study by State Street outlines they are also taking on more risk in their own investment portfolios to provide investment products. In a global phenomenon, insurers have enjoyed terrific success selling investment products, as they are in a unique position to offer guarantees […]

By Mark Noble |December 3, 2007

4 min read

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