Industry

Decorative pattern

Briefly:

Mackenzie Financial is closing the Cundill Recovery Fund to new purchases, effective April 7, 2006.The fund has a mandate to invest in equity and fixed income investments, in recovery or turnaround situations, that meet Cundill’s contrarian, deep value philosophy. “It has been increasingly difficult to find bargain issues on a global basis that have made […]

By Staff |March 20, 2006

13 min read

Decorative pattern

Inflation seen lurking in the wings

Reports of the demise of inflation have been grossly exaggerated, according to one of Canada’s most prominent market commentators. In fact, Gavin Graham, chief investment officer at Guardian Group of Funds, says the real low inflation environment ended in 2001. At first blush, this seems to be at odds with official reports on inflation, as […]

By Steven Lamb |March 20, 2006

4 min read

Decorative pattern

Preparing for the next disaster no easy task

Everyone likes to think they’re ready for the disaster they hope will never come. But investment dealers who aren’t prepared could face the ire of the IDA if they don’t have business continuity plans in place by July 31. The good news is the financial services sector appears to be taking the message to heart. […]

By Mark Brown |March 17, 2006

3 min read

Decorative pattern

KPMG seeks trusteeship in Portus bankruptcy

The receiver in the ongoing Portus inquiry will ask an Ontario court to extend its role in the matter of the disgraced investment firm. In its 21st Receiver’s Report, filed on Wednesday, KPMG announced it will ask to be named trustee in the Portus Group’s upcoming bankruptcy hearing. The receiver will be in Ontario Superior […]

By Steven Lamb |March 16, 2006

2 min read

Decorative pattern

Canada on the verge of

Canada’s capital markets are in the midst of a golden age and could soon become a powerful global competitor, says TSX president Richard Nesbitt. In a speech on Thursday at the University of New Brunswick in Fredericton, Nesbitt noted that the S&P/TSX Composite Index broke through the $1 trillion mark in trading volume for the […]

By Doug Watt |March 16, 2006

2 min read

Decorative pattern

Advocis given leave to intervene in Supreme Court case

Industry group Advocis has been given leave to intervene in a Supreme Court of Canada case that will decide whether or not banks must license employees selling insurance products. In the case Canadian Western Bank v. Alberta, eight Canadian banks are challenging the applicability of Alberta’s Insurance Act to any insurance sales that banks are […]

By Kate McCaffery |March 15, 2006

3 min read

Decorative pattern

February sees return to foreign funds

Canadian mutual funds enjoyed healthy sales in February, with net new sales of long term funds totaling $4.9 billion, according to the monthly data from IFIC. Adding in re-invested distributions of $605 million, net sales climbed to $5.5 billion. “Canadians are making a concerted effort at ensuring their financial requirements are met,” said Joanne De […]

By Steven Lamb |March 15, 2006

3 min read

Decorative pattern

A consumer’s perspective

(March 2006) I’m definitely one consumer who wants high-quality product and service for the lowest possible price. But if I see added value in your services, I won’t hesitate to pay up and shut up. Case in point: my fiancé and I are currently paying an interior designer to revamp our kitchen. The fees aren’t […]

By Deanne Gage |March 14, 2006

3 min read

Decorative pattern

Responsible investing awareness slowly growing

Around the world, institutional asset managers say responsible investment considerations are coming to the forefront as globalization, as well as social and environmental issues, begin to have a larger impact on performance and the markets. A survey of 157 money managers, conducted by Mercer Investment Consulting, found that environmental issues like climate change feature less […]

By Kate McCaffery |March 14, 2006

4 min read

Decorative pattern

Briefly:

(March 17, 2006) The Canadian Coalition for Good Governance has named a new chair to replace Michael Wilson, who has departed to become ambassador to the U.S. The new chair is Doug Pearce, CEO of the British Columbia Investment Management Corporation. “The coalition has made great strides in working with regulators, exchanges, educational institutions and […]

By Staff |March 13, 2006

13 min read

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