Industry

Decorative pattern

CPP reserve fund swells to $87 billion

(August 11, 2005) The Canada Pension Plan Investment Board (CPPIB) is beefing up its real estate and infrastructure holdings in an ongoing effort to diversify and hedge pension assets against inflation. In the last quarter, the board nearly doubled its real estate holdings to meet those objectives. Overall, the CPP reserve fund grew $5.7 billion […]

By Kate McCaffery |August 11, 2005

2 min read

Decorative pattern

Equity offerings flag in second quarter

(August 11, 2005) Despite a strong rally in the Canadian equity market in the first half of 2005, there has been a dramatic decline in financing activity through the second quarter, according to the IDA. Total new equity issuance has fallen by 15% — both in terms of the number of deals and their value […]

By Steven Lamb |August 11, 2005

3 min read

Decorative pattern

Elimination of FPR will also affect pension plans

(August 10, 2005) Removing the foreign property rule has shifted considerations in many areas of money management, including pensions, but where defined benefit (DB) plans have professionals determining appropriate asset mixes, clients with defined contribution (DC) plans could find themselves behind the curve. DB plan are typically handled by large investment managers. However in DC […]

By Kate McCaffery |August 10, 2005

2 min read

Decorative pattern

Supply squeeze favours oil sands investments

(August 10, 2005) Despite some optimistic predictions to the contrary, the world is entering a long-term period of high oil prices, as world demand surges and production increases only gradually, according to one senior strategist. “Over the last six years big oil has failed to replace their production,” says Donald Coxe, global portfolio strategist for […]

By Steven Lamb |August 10, 2005

3 min read

Decorative pattern

High-yield default rate remain historically low

(August 9, 2005) The default rate on lower-grade global corporate bonds rose to 1.71% in the second quarter, but still remains near the eight-year low of 1.58%, recorded in March, according to the latest data from ratings agency Standard and Poors. Speculative grade bonds — also commonly referred to as high yield or junk bonds […]

By Steven Lamb |August 9, 2005

1 min read

Decorative pattern

Housing starts ‘on fire’ in July

(August 9, 2005) The boom in new housing construction looks set to continue for the rest of the year in Canada, but the latest numbers from the Canada Mortgage and Housing Corporation (CMHC) suggest affordability is becoming a greater issue for many would-be homeowners. Low mortgage rates and solid labour market conditions helped housing starts […]

By Kate McCaffery |August 9, 2005

2 min read

Decorative pattern

Briefly:

(August 12, 2005) The Ontario Securities Commission is seeking comment on its latest proposal to reduce fees. The regulator wants to cut fees by 11% in an effort to pare down a $35.9 million budget surplus over a three-year period. “Like many other organizations in the financial services industry, our costs have risen, but as […]

By Staff |August 8, 2005

12 min read

Decorative pattern

Experts weigh in on proposal to creditor-proof RRSPs

(August 8, 2005) Proposed changes by the federal government to creditor-proof RRSPs are being called a step in the right direction. But one observer says they don’t go far enough. New rules were tabled this past June as part of the insolvency and wage earner protection legislation, which proposes sweeping changes to secure an individual’s […]

By Mark Brown |August 8, 2005

3 min read

Decorative pattern

CPP urged to dump tobacco stocks

(August 5, 2005) The Canadian Medical Association is taking a different approach in its latest attempt to convince the CPP to divest its tobacco stocks, putting aside the usual health and social arguments and focusing on pure economics. “Expert evidence suggests that investments in tobacco are not a wise endeavour,” the CMA says in a […]

By Doug Watt |August 5, 2005

2 min read

Decorative pattern

Jovian’s aggressive expansion strategy

(August 5, 2005) Jovian Capital has its sights set on the lucrative Ontario and British Columbia markets as it continues towards its goal of becoming a true national player. Philip Armstrong, CEO of the two-year-old holding company, which maintains head offices in both Winnipeg and Toronto, says considering the size of the markets, an expanded […]

By Geoff Kirbyson |August 5, 2005

3 min read

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