Industry

Decorative pattern

Briefly:

But, says the report, base metal prices have rallied in late July, because of positive news about China’s GDP growth. The Forest Product Index jumped from 96.2% to 100.3% from May to June, as prices for lumber and oriented strand board offset weakness in newsprint, pulp and linerboard prices. Another report — the PricewaterhouseCoopers’ Global […]

By Staff |July 26, 2007

3 min read

Decorative pattern

Canadian bull looking tired

It usually comes as no surprise when a global money manager suggests investors trim their Canadian equity exposure and invest their profits offshore. But when a Canadian equity fund manager expresses concern about the health of the current bull-run, investors may want to pay attention. “The Canadian equity market as we all know has been […]

By Steven Lamb |July 26, 2007

3 min read

Decorative pattern

Briefly:

(July 25, 2007) Jim O’Shaughnessy has amicably parted ways with his former firm, Bear Stearns Asset Management to form O’Shaughnessy Asset Management (OSAM). Bear Stearns will be a minority stakeholder in the new company. Not wanting to part with one of the biggest names in portfolio management, RBC Asset Management announced it will retain the […]

By Staff |July 25, 2007

3 min read

Decorative pattern

Talk travel insurance before your client takes off

For many financial advisors, determining how a client can afford that dream vacation is just a regular day at the office. But what if a client forgets to buy travel insurance and winds up in an American hospital with a $100,000 bill? Suddenly, that trip has become a lot more expensive and a carefully crafted […]

By Bryan Borzykowski |July 25, 2007

3 min read

Decorative pattern

Briefly:

(July 24, 2007) Mackenzie Financial has unveiled a new version of its Series T mutual funds, which provides investors with a tax-efficient 6% distribution. With the Mackenzie Series T6 investors can now choose between the new offering and the company’s 20 T8 products, which offer 8% distribution. Investors can also get a 6% distribution on […]

By Staff |July 24, 2007

2 min read

Decorative pattern

Benefit plan advice a huge opportunity

Canadians are not keeping up with the rapid pace of changes in their employer-sponsored retirement plans, as defined benefit plans are scrapped in favour of defined contribution plans and group RRSPs, according to a study by T.E. Wealth. Rather than lament the loss of guaranteed retirement income, the firm suggests advisors view this climate of […]

By Mark Noble |July 24, 2007

3 min read

Decorative pattern

Briefly:

(July 23, 2007) While some rules are made to be broken, most are not. The B.C. Securities Commission announced Monday that Edward Bernard Johnson has been suspended and fined for breaking IDA rules. Between April 2000 and September 2004, Johnson let Stanley Steven Ross, who was already prohibited from trading securities, trade in a client’s […]

By Staff |July 23, 2007

2 min read

Decorative pattern

Survey says more young adults saving for retirement

Still, the fact that they’re even thinking about saving says a lot. A recent Benefits Canada report says that of 500 30-year-olds, 69% think that saving for retirement is something they’ll be focusing on in the next 10 years. The survey also says 41% have already put aside money for the future. To the 59% […]

By Bryan Borzykowski |July 23, 2007

3 min read

Decorative pattern

Briefly:

(July 20, 2007) Robert Franklin Leer, a British Columbia–based advisor who traded securities on behalf of a client through channels not authorized by his firm, has agreed to pay $10,000 to the MFDA. Leer had admitted to selling company shares that belonged to an elderly client in 2003 for more than $20,000. The problem was […]

By Staff |July 20, 2007

2 min read

Decorative pattern

Economic forecast ruled by commodities, loonie

A soaring Canadian dollar and increased international demand for commodities will continue to dictate the direction of the Canadian economy, according to economic reports from BMO Capital Markets and Scotiabank. Persistent international demand for resources is fuelling growth, which is booming for most of the country, but the same factors have had a paralyzing effect […]

By Mark Noble |July 20, 2007

3 min read

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