Industry

Decorative pattern

Buyout funding surges, venture capital flat

Canada’s venture capital industry showed some signs of improvement in 2006, though posting remarkably flat levels of capital investment, according to the annual report of Canada’s Venture Capital and Private Equity Association (CVCA). The real surprise came in the buyout market, which the CVCA reported for the first time this year. Fundraising efforts by buyout […]

By Steven Lamb |February 13, 2007

3 min read

Decorative pattern

Briefly:

(February 12, 2007) B2B Trust, a subsidiary of Laurentian Bank, announced Monday the signing of agreements with Meritas Financial Inc. for the distribution of investment loan and RRSP loan programs. B2B Trust said that it serves the majority of Canadian mutual fund companies that do not have an in-house lending capability and choose to offer […]

By Staff |February 12, 2007

4 min read

Decorative pattern

Fiduciary duty includes social costs: report

Canadian money managers need to stop viewing environmental issues as costs to be avoided and accept that their fiduciary duty requires they address such risks, according to a report by the National Roundtable on the Environment and the Economy. The NRTEE report calls on all fiduciaries to adopt disclosure practices on environmental, social and governance […]

By Steven Lamb |February 12, 2007

4 min read

Decorative pattern

CI, Rockwater reach friendly deal

CI Financial has announced it will acquire Rockwater Capital Corp. for about $251 million. The Toronto-based wealth management company reported in a news release that the purchase would give CI “an impressive roster of over 180 first-rate investment advisors with assets under administration of $9.4 billion.” Rockwater’s sale has been expected for weeks. According to […]

By Bryan Borzykowski |February 12, 2007

2 min read

Decorative pattern

Briefly:

(February 9, 2007) The Canadian Retired and Income Investors’ Association has called for a full public review of the federal government’s tax calculations on income trusts. The CRIIA said that at last week’s income trust hearings held by the House of Commons Finance Committee, expert witnesses and expert reports seriously undermined the accuracy and credibility […]

By Staff |February 9, 2007

3 min read

Decorative pattern

IFIC calls for more clarity on registration reform

The Registration Reform Project has received a mixed review from IFIC, as the fund industry group has called for improved clarity on a number of the RRP’s initiatives. Not surprisingly, the majority of IFIC’s concerns focus on possible new requirements for the mutual fund manufacturers, ranging from the definition of a “fund manager” to how […]

By Steven Lamb |February 9, 2007

3 min read

Decorative pattern

Briefly:

(February 8, 2007) Financial authorities should level the playing field and force independent mutual fund companies to adhere to the same strict standards as the more highly regulated banking sector, according to Desjardins Group. “A financial institution such as Desjardins applies a rigorous integrated risk management process and yet is the object of frequent inspections […]

By Staff |February 8, 2007

4 min read

Decorative pattern

RBC preps for global wealth push

The Royal Bank of Canada has rejigged its internal structure, boosting the profile of its wealth management operations by creating its own business line. The move was touted as a prelude to more aggressive expansion into the global wealth market. The reorganization consolidates the bank’s full-service brokerage lines, global private banking and trust operations with […]

By Steven Lamb |February 8, 2007

2 min read

Decorative pattern

Briefly:

(February 7, 2007) In response to media speculation, Rockwater Capital has confirmed that it has received proposals from third parties with respect to its possible sale. As a result, Rockwater has formed a special committee of its board of directors and has retained a financial advisor to assist in reviewing the proposals. Rockwater said it […]

By Staff |February 7, 2007

1 min read

Decorative pattern

East, west differ on investing…or maybe not

Canada’s national preoccupation with regional differences has several implications for advisor–client relationships, practice management and the art and science of client profiling — but do perceived regional biases really exist? According to a recent TD Waterhouse investor poll, regional differences include variations in investment expectations, intended RSP contributions and choice of investment product. The title […]

By Al Emid |February 7, 2007

3 min read

← Previous 1 … 1,892 1,893 1,894 1,895 1,896 … 2,143 Next →