Industry

January fund performance golden

There’s an old traders’ saying that claims “as goes January, so goes the year.” If that is the case, equity fund investors are going to have a very good 2006. In the first month of this year, seven of Morningstar Canada’s Fund Indices gained more than 6%. Of the 31 fund indices, 29 posted positive […]

By Steven Lamb |February 2, 2006

2 min read

Fund sales expected to top $1.4 billion

January was another healthy month for the mutual fund industry, with net new sales estimated at between $1.2 billion and $1.7 billion, according to IFIC. That’s down from December’s total of $1.7 billion, but more than double last January’s $660 million in sales. “Sales are in line with expectations for this time of year,” said […]

By Doug Watt |February 2, 2006

1 min read

Global economic imbalances must be addressed

The massive American current account deficit combined with the accumulation of foreign exchange reserves in Asia could pose a threat to the Canadian economy, according to the senior deputy governor of the Bank of Canada. Speaking on Wednesday in Saint John, New Brunswick, Paul Jenkins noted that although world economic growth has been “remarkably strong” […]

By Doug Watt |February 1, 2006

3 min read

Receiver sets Norshield investor meeting

Retail clients will get a chance to learn more about the fate of their investments in the failed Olympus United hedge funds next month. RSM Richter, the receiver for the Norshield Group, has announced an investor information meeting for February 21 in Toronto, with videoconference links for investors in Montreal and Vancouver. The meeting comes […]

By Scot Blythe |January 31, 2006

1 min read