Industry

Briefly:

(March 16, 2007) Canada’s national net worth reached $4.9 trillion by the end of 2006, or $150,500 per capita, Statistics Canada reported on Friday. National net worth expanded by $131 billion in the fourth quarter, up 2.7% and just off the pace set in Q3. National wealth grew by 6.7% in the year, compared to […]

By Staff |March 16, 2007

4 min read

Sub-prime not an issue in Canada

A few weeks back, the talk of the land was China and its decision to slow its growth rate. Markets tumbled and then cautiously crawled higher. The latest concern is with the stability of the sub-prime lending market n the U.S., and markets have again begun to crumble. Canada was sideswiped by the first shock […]

By Mark Brown |March 16, 2007

4 min read

Briefly:

(March 15, 2007) Canadians are retiring and cashing in on their pensions. While this shouldn’t be any surprise, it’s interesting to note that, to the end of the third quarter in 2006, benefit payments have increased 6% to $7.5 billion. Since 2004, pension benefits payouts have risen 7.5%. Between July and September 2006, pension plans […]

By Staff |March 15, 2007

4 min read

February fund sales best in a decade: IFIC

Last month saw the highest level of fund sales for the month of February in a decade, with net new sales of $8.0 billion, boosting long-term fund assets to $633 billion, according to the latest data from IFIC. Total industry assets, including money market funds, climbed 1% to $680 billion. “It was really a booming […]

By Mark Noble |March 15, 2007

3 min read