Industry

Opportunity abounds in Islamic market

Islamic investing remains a largely untapped market, with few advisors familiar with how it works. Leaders in the Islamic finance industry must do a better job educating advisors about the role the religion plays in investment decisions, Yusuf DeLorenzo told attendees of the Islamic Finance World conference in Toronto yesterday. “How many people understand that […]

By Deanne Gage |May 24, 2007

3 min read

Briefly:

(May 23, 2007) Western Financial Group Inc. announced Wednesday that it plans to acquire Ubiquity Bank of Canada from Prospera Credit Union. Subject to regulatory review and approval, Western says Ubiquity would be amalgamated with Bank West. Based in Abbotsford, British Columbia, Ubiquity specializes in personal and commercial term mortgages and loans through a network […]

By Staff |May 23, 2007

3 min read

Emotion can cloud judgement on cottages

Vacation properties, such as cottages, are in high demand. Prices are skyrocketing, bringing healthy investment returns to those who have them, and with low-rate mortgages, buying a “little piece of heaven” has never been easier. But cottages also have an emotional value that clouds the judgment of normally rational investors, so advisors need to be […]

By Mark Noble |May 23, 2007

4 min read

Briefly:

(May 22, 2007) Bad news for the equity industry: State Street Global Markets announced Tuesday that global investor confidence fell in May by 1.8 points, to 91.2. In April, confidence was at 93 points. The drop can be attributed to North America, where institutional investors’ confidence fell from 102.6 to 99.9 points. That’s in contrast […]

By Staff |May 22, 2007

3 min read