Industry

Decorative pattern

The rich get richer

In 2005 Canada was one of the world’s top performing markets with a return of 26%, but it seems few Canadians struck it rich in that bull run — at least when compared to other countries. According to the 10th annual World Wealth Report produced by Capgemini and Merrill Lynch, Canada turned out 15,000 new […]

By Mark Brown |June 21, 2006

3 min read

Decorative pattern

Portus investors still in the dark on timing of refunds

Investors who pumped hundreds of millions of dollars into defunct hedge fund Portus Alternative Asset Management still have no idea as to when they might recover at least some of their funds. Many of those who gathered at a special investors meeting held Wednesday in Toronto at the Ricoh Coliseum were hoping to find out […]

By Mark Brown |June 21, 2006

3 min read

Decorative pattern

THE PRINCIPAL PROTECTED STRUCTURED NOTES INVESTMENT SERIES

Presented by: RBC Canaccord Independence Income Growth Deposit Notes, Series 1 — Selling Period Closes December 29, 2006 RBC Canaccord Independence Income Growth Deposit Notes, Series 2 (No Load) — Selling Period Closes December 29, 2006 RBC Principal Protected S&P LEOS, Series 4 — Selling Period Closes December 8, 2006 RBC Principal Protected Pharmaceutical Linked […]

By Staff |June 20, 2006

1 min read

Decorative pattern

Briefly:

(June 20, 2006) Despite promises to cut taxes, Ontario still has the highest corporate tax rate in the country, according to the C.D. Howe Institute. At 42.2%, Ontario’s rate is also the highest among 36 industrialized countries excluding China, the think tank said in a report on business tax reform released on Tuesday. Ottawa and […]

By Staff |June 20, 2006

3 min read

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Advisors urged to follow disclosure recommendations

A list of companies the intermediary represents A list of companies the intermediary represents How the intermediary is compensated Eligibility for additional compensation Conflict of interest statement Consumers’ right for additional information “The template is intended to be a response to the regulators that we make appropriate disclosure to our clients,” Geller explained. “I see […]

By Doug Watt |June 20, 2006

2 min read

Decorative pattern

Providing the complete tool box

For advisors JoAnne Anderson and Stephen Koury, putting clients at the centre of their practice seemed the obvious way to go as they moved to a fee-based model. The business partners spoke on the subject at last week’s Advocis conference in Victoria. The Mississauga, Ont.-based advisors — former Advisor of the Year winners who joined […]

By Heidi Staseson |June 20, 2006

4 min read

Decorative pattern

Morgan hands off Templeton Growth

One of Canada’s oldest and most recognized global equity funds is about to get a new portfolio manager, as George Morgan has announced his departure from the helm of the Templeton Growth Fund. Morgan has been lead manager of the fund since 2000 and says he is leaving for personal reasons. Management of the fund […]

By Steven Lamb |June 20, 2006

2 min read

Decorative pattern

Make way for the working retiree

People nearing retirement are in for busy times, but it won't just be making exotic travel plans or sinking holes-in-one. Instead, some will be re-entering the workplace, either full-time or part-time, and even reclaiming their old offices.

By Heidi Staseson |June 19, 2006

3 min read

Decorative pattern

McMillan appointed Advocis chair

Roger McMillan has been elected as the new chair of Advocis, replacing Gary McLeod. The appointment was confirmed at the advisor association’s annual general meeting in Victoria last week, described by Advocis president Steve Howard as “relatively straightforward” compared to past AGMs. McMillan, an Advocis member since 1972, runs Toronto-based McMillan Financial, which specializes in […]

By Doug Watt |June 19, 2006

2 min read

Decorative pattern

Briefly:

(June 19, 2006) Non-residents invested $3.9 billion (net) in Canadian securities during the month of April, trailing Canadian acquisitions of $4.7 billion of foreign bonds and equities. According to Statistics Canada, Canadian equities were the hot investment choice for non-residents in April, with foreign investors buying up $6.5 billion during the month, the highest purchase […]

By Staff |June 19, 2006

2 min read

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