Industry

Decorative pattern

Canadians’ tax knowledge lacking

Most people never cross paths with a copy of the Canadian Income Tax Act and rarely give it much thought outside of tax season, so it’s not surprising that do-it-yourselfers miss a lot of savings opportunities. The Mackenzie Financial Great Canadian Tax Test, released today, found that only 1% of survey respondents were able to […]

By Kate McCaffery |October 27, 2005

4 min read

Decorative pattern

Income trust worries slamming IPO market

Ottawa’s decision to stop issuing advancing tax rulings on income trusts has effectively stalled Canada’s IPO market, according to PricewaterhouseCoopers. PWC surveyed IPOs on the TSX and TSX Venture Exchange for the first three quarters of the year, coming up with a total value of $5.3 billion. Of those new offerings, 37 were income trusts, […]

By Doug Watt |October 27, 2005

3 min read

Decorative pattern

Portus founder ordered to remain in Israel

An Israeli judge has granted a request by receiver KPMG, prohibiting Portus founder Boaz Manor from leaving the country, pending a hearing scheduled for November 6. The Tel Aviv court also agreed to temporarily freeze Manor’s assets, valued at $20.7 million US and has appointed an Israeli receiver for his precious metals and gems. “Manor […]

By Doug Watt |October 26, 2005

2 min read

Decorative pattern

Payroll deductions improve savings rate

Despite a deteriorating track record on savings, Canadians remain optimistic about their financial future and many believe that an automatic payroll deduction plan is the best way to save, according to a national survey released today. Among Canadians under 60 years of age, 69% expect their finances to be in better shape four years from […]

By Steven Lamb |October 26, 2005

2 min read

Decorative pattern

Boomers lack investment confidence

(October 25, 2005) If you think talking to some clients about retirement planning can be like pulling teeth, you’re not alone. They’re thinking it too. A recent survey found almost 20% of baby boomers find reading financial information as painful as going to the dentist. While respondents may have been exaggerating, the comparison highlights a […]

By Steven Lamb |October 25, 2005

2 min read

Decorative pattern

Briefly:

(October 28, 2005) It’s been a tough quarter for active fund managers. Large-cap managers trailed the S&P/TSX Composite Index, posting median returns of 11% compared to the index return of 11.6%, thanks largely to their underweight in the soaring energy sector. The third-quarter Russell Canadian Active Manager Report found that for the first time in […]

By Staff |October 24, 2005

13 min read

Decorative pattern

BMO takes a holistic approach to investing

No one has ever accused GICs of being exciting, but BMO Financial Group says they might be the perfect investment vehicle to sex up a conservative portfolio. Investors have included GICs as part of conservative portfolios for years, but BMO wanted to quantify the values of GICs to see if added any value. And according […]

By Mark Brown |October 24, 2005

2 min read

Decorative pattern

CFA Institute proposes changes to financial reporting standards

(October 24, 2005) The policy and advocacy arm of the CFA Institute is calling on public companies, investors and those involved in setting standards in capital markets to embrace a set of 12 recommendations to ensure financial statements are relevant, clear, accurate and complete. The CFA Centre for Financial Market Integrity today issued a research […]

By Kate McCaffery |October 24, 2005

3 min read

Decorative pattern

Comment letters support best execution obligation

Let the computers do it. That was the take of many securities market participants filing comment letters in response to the Canadian Securities Administrators’ discussion paper on market structure developments and trade-through obligations. By and large, they indicated the centralized limit order book does a good job of exposing prices and helps dealers fulfill their […]

By Philip Porado |October 21, 2005

2 min read

Decorative pattern

IFIC asks Ottawa to boost RESP limits

The House of Commons Standing Committee on Finance is currently holding public hearings and pre-budget consultations. IFIC is among the list of contributors who responded to the Committee’s call for submissions in July. Past recommendations by industry members led to the government eliminating foreign content restrictions on registered savings plans earlier this year. After thanking […]

By Kate McCaffery |October 21, 2005

3 min read

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