Industry

Decorative pattern

Briefly:

(January 8, 2007) AIC Limited has added two new products to its fund family: AIC World Financial Infrastructure Income and Growth Fund and AIC Global Premium Dividend Income Fund. AIC World Financial Infrastructure Income and Growth Fund is designed for investors who seek capital growth and exposure to companies active in the financial services sector […]

By Staff |January 8, 2007

3 min read

Decorative pattern

Trend of early RRSP withdrawals

A new survey from Scotiabank has found that 40% of Canadians have made an average of three withdrawals from their RRSPs and nearly half of those who have made at least one withdrawal do not intend to pay it back. Canadians taking money out of their RSPs withdrew an average of $18,000. Of those, 37% […]

By Kate McCaffery |January 8, 2007

3 min read

Decorative pattern

Fidelity Far East Fund – CIA winner for the 2nd year in a row

For more great content from Fidelity, please visit our Advisor Center exclusively on Advisor.ca Fidelity Far East Fund has again won Best Asian Equity Fund at the Canadian Investment Awards. These awards recognize excellence in the financial services industry. Demonstrating Fidelity’s consistency in this region, the Fund, now 15 years old, received top marks for: […]

By Staff |January 7, 2007

1 min read

Decorative pattern

Advisors urged to discuss wills with clients

It might be a difficult subject, but advisors have a duty to discuss wills and estate planning with their clients. A survey released earlier this week by RBC suggests that fewer than half of Canadians have a written will. The poll, conducted by Ipsos Reid for RBC Financial, found that 46% of Canadians did not […]

By Doug Watt |January 5, 2007

3 min read

Decorative pattern

Briefly:

(January 4, 2007) Canadian initial public offerings “all but stopped” in the final three months of 2006, dragging down results for the year, and the outlook for 2007 “looks very dim,” according to the latest PricewaterhouseCoopers survey. The annual survey of Canadian IPO activity on the TSX and TSX Venture Exchange shows there were 116 […]

By Staff |January 4, 2007

5 min read

Decorative pattern

Scotia McLeod reinvents the branch

The future is low tech, or so says Scotia McLeod, which has been experimenting with a new way to streamline routine administrative and compliance tasks within its branches. Adding staff, not technology, is the simplest and surest way to improve branches’ efficiency, say those involved in the program, which involves downloading and centralizing all of […]

By Mark Brown |January 4, 2007

3 min read

Decorative pattern

Briefly:

(January 3, 2007) The IDA has levied a fine of $50,000 and a five-year suspension against Anthony Zarkadoulas, a former registrant who worked in the Thornhill, Ontario, branch of CIBC Investor Services. In a settlement agreement, Zarkadoulas admitted to engaging in conduct unbecoming, contrary to By-law 29.1, when he transferred funds from one client’s account […]

By Staff |January 3, 2007

3 min read

Decorative pattern

Precious metals shine through 2006

Soaring commodity prices and a flurry of consolidation activity in the mining sector fuelled stellar returns for investors holding precious metals funds in 2006, according to preliminary year-end data from Morningstar Canada. The Morningstar Canada Precious Metals Equity Fund index posted a full-year gain of 49.9% — despite a 2% decline in December — as […]

By Steven Lamb |January 3, 2007

3 min read

Decorative pattern

2006 fund sales expected to come in at $21 billion

December capped off another strong year for mutual fund sales in Canada, according to preliminary data from IFIC. Net sales for the month are expected to be between $3 billion and $3.5 billion, compared to $1.7 billion in December, 2005. If the numbers hold up when IFIC releases its final tally later this month, net […]

By Doug Watt |January 3, 2007

2 min read

Decorative pattern

Briefly:

(January 2, 2007) The Office of the Superintendent of Financial Services has announced the termination of an agreement with CIBC that required the bank to employ an independent auditor to oversee all of its business operations in the U.S. The agreement was struck in December 2003 and was limited to a three-year period. The agreement […]

By Staff |January 2, 2007

2 min read

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