Industry

U.S. losing economic clout to Asia

Fears that a U.S. economic slowdown will cripple the global economy may be a little overblown, according to economists at one of the major banks. While the U.S. remains the world’s largest single economy, the rapidly developing economies of Asia are playing a greater role in propelling global growth than ever before. “Emerging and newly […]

By Steven Lamb |July 18, 2006

4 min read

Morningstar, CIFSC extend olive branch

Although fund researcher Morningstar withdrew from the Canadian Investment Funds Standards Committee in February, citing its dysfunctional nature, it seems the split between the two organizations could still be reconciled. Both sides continue to talk, at least informally. And recently, at the behest of Morningstar president Scott Mackenzie, the two sides agreed to sit down […]

By Mark Brown |July 18, 2006

3 min read

Briefly:

(July 17, 2006) Computer difficulties at Desjardins Group are disrupting all banking transactions normally carried out online, in the group’s branches and through the Desjardins ATM network in Quebec, Ontario and New Brunswick. Although services are disrupted, debit and credit transactions can be performed normally and employees can manually carry out withdrawals and attest bill […]

By Staff |July 17, 2006

3 min read

Lipper sets sights on Canada

On the surface, a press release issued jointly by the Canadian Investment Funds Standards Committee and Lipper on July 5th that detailed a partnership to better decode the Canadian mutual fund industry seemed simple enough, but on closer inspection it’s clear the partnership is being used by one of the largest fund rating companies in […]

By Mark Brown |July 17, 2006

2 min read