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Sales of mutual funds bounced back in October from their incredibly weak performance the month earlier, although the gains were far from evenly spread. Net new sales of long-term funds totalled $1.3 billion in October, a sharp rise from $40 million in September and well above the $900 million reported in October 2005. Adding in […]
By Steven Lamb |November 15, 2006
3 min read
(November 14, 2006) AGF Management has reached an agreement to acquire 80% of Highstreet Partners Limited, the London (Ontario)-based parent of Highstreet Asset Management. The firm will become part of AGF’s private investment management group, with its CEO, Rob Badun, taking on the role of president, AGF Private Investment Management Limited. “Highstreet is an outstanding […]
By Staff |November 14, 2006
For the first time in six years, Canada’s main exchange is about to get some competition. On January 19th, Pure Trading, the new exchange operated by CNQ, will launch its continuous auction market. Pure Trading describes itself as the first alternative visible auction market for securities in Canada. Unlike TriAct Canada Marketplace or Liquidnet, which […]
By Mark Brown |November 14, 2006
4 min read
(November 13, 2006) Canadians are less enthusiastic about potential growth in their real estate investments, a poll released on Monday suggests, and are instead shifting their attention to mutual funds and RRSPs. Approximately 50% of non-retired Canadians surveyed by Demica for Investors Group believe their real estate assets will grow more in value than their […]
By Staff |November 13, 2006
The head of the MFDA has left the door open a crack to the possibility of a merger with the IDA but says the time is not yet right to discuss such a tie-up. “Further discussions are inevitable and should happen. Whether they lead anywhere, I don’t know the answer to that,” said MFDA president […]
By Steven Lamb |November 13, 2006
(November 10, 2006) Stronger than expected economic data will delay the U.S. Federal Reserve’s move to ease interest rates, but that shift is still coming, according to Marc Levesque, chief strategist for North American fixed income research at TD Securities. The fixed income market appears to be assigning a one-third chance that a rate cut […]
By Staff |November 10, 2006
Income trusts, hedge funds and enforcement are just a few of the pressing issues in the securities industry regulators need to tackle, says the chair of the Ontario Securities Commission. David Wilson spoke Friday at the annual Dialogue with the OSC in Toronto. First, the OSC chair talked about Ottawa’s surprise decision to revise the […]
By Mark Brown |November 10, 2006
(November 9, 2006) The CPP fund, which includes both investment earnings from the CPPIB and CPP contributions not needed to pay current pensions, has surpassed $100 billion for the first time. As of September 30, 2006, earnings stood at $103.3 billion, a $4.7 billion increase from the previous quarter. “In surpassing $100 billion in assets, […]
By Staff |November 9, 2006
Canadians are starting to take retirement planning seriously, according to fresh research from Desjardins Financial Security, but there’s a downside: they typically put off saving until their mid-thirties, at best. In a survey of 1,666 adults, Desjardins found that on average, the “ideal age” to start retirement was 60. But 35% of workers and partial-retirees […]
By Steven Lamb |November 9, 2006
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By Staff |November 8, 2006
1 min read
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