Industry

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One year later: Income trusts hang tough

A year ago this week, Canada’s financial industry got a huge scare — and it had nothing to do with Halloween. October 31 marks the first anniversary of Finance Minister Jim Flaherty’s pledge that the federal government would start taxing income trust distributions in 2011. It was a surprise announcement that sent shockwaves through the […]

By Bryan Borzykowski |October 29, 2007

4 min read

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Mawer World Investment Fund; Mawer U.S. Equity Fund; Mawer Canadian Equity Fund; Mawer Canadian Equity Fund; Mawer U.S. Equity Fund; Mawer World Investment Fund; Mawer Canadian Bond Fund; Mawer Canadian Balanced Retirement Savings Fund; Mawer Canadian Diversified Investment Fund; and Mawer Global Small Cap Fund. (10/26/07) (October 26, 2007) There is another entrant into the […]

By Staff |October 26, 2007

3 min read

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Pension risks need to be shared: Watson Wyatt

Today’s pension rules unfairly bind the hands of employers, forcing sponsors of defined pension plans to take on excessive risk while offering little compensation, according to a top benefits consultant. In its submission to Ontario’s recently established Expert Commission on Pensions, Watson Wyatt points out that employers face conflicting requirements — they must mitigate the […]

By Steven Lamb |October 26, 2007

2 min read

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Canadian market fertile ground for hedge funds

There is a resurgence of interest among retail investors in the Canadian hedge fund market, according to one hedge fund manager. At the second annual Meet Canadian Hedge Fund Managers Forum in Toronto, Allan Brown, a partner and hedge fund manager with Burlington Capital Management, explained that an inefficient Canadian market is attracting hedge fund […]

By Mark Noble |October 26, 2007

3 min read

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(October 25, 2007) It probably comes as no surprise, but apparently Canadians are living beyond their means, with expenses surpassing income at least one month a year for many. A survey by Credit Canada — and sponsored by credit card provider Capital One — found that 55% of Canadians admitted to at least one deficit […]

By Staff |October 25, 2007

3 min read

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Growth tops value in tough quarter

The third quarter of the year proved to be a tough one for active investment managers, according to the Russell Active Manager Report, as fewer than half outperformed their benchmarks. According to the survey, only 45% of large cap Canadian equity investment managers beat the S&P/TSX Composite this quarter. That’s down from 53% in Q2 […]

By Bryan Borzykowski |October 25, 2007

3 min read

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(October 24, 2007) The global appetite for “stuff” returned in September, driving the Scotiabank Commodity Price Index higher after a summer slump. The index measures the price trends of 32 commodities that Canada exports. The index crept higher by 0.3%, taking commodity prices higher by 8.5% on a year-over-year basis. Agricultural prices led the September […]

By Staff |October 24, 2007

3 min read

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Insurance industry weighs in on fund facts debate

It’s been almost 10 days since the comment period for the new “fund facts” document closed, but people are still talking about the problems surrounding the proposed two-pager. “The way this is being proposed is impractical,” says Leslie Byrnes, vice-president of distribution for the Canadian Life and Health Insurance Association. Byrnes was speaking to a […]

By Bryan Borzykowski |October 24, 2007

4 min read

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(October 23, 2007) The MFDA has released its findings against Ravi Puri, permanently banning the British Columbia–based advisor from the securities industry. The MFDA levied a fine of $500,000 against Puri for failure “to deal with clients fairly, honestly and in good faith.” He must also pay $10,000 in costs and an additional fine of […]

By Staff |October 23, 2007

3 min read

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Canadians in for a retirement shock: study

Canadians are setting themselves up for a huge pay cut when they retire, replacing only half of their pre-retirement income, according to a study by Fidelity Investments Canada. The report marks the launch of the fund company’s new Fidelity Retirement Index. “The Fidelity Retirement Index is the new definitive standard Canadians can use to measure […]

By Steven Lamb |October 23, 2007

4 min read

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