Industry

Decorative pattern

Should investors lockout industrial stocks?

Stubbornly persistent poor returns since the beginning of the year have unfortunately made the industrial sector an underperformer. As a result, who can really blame investors for asking themselves the big question: is it time to quit industrials? At the same time, who can fault them for quickly selling off stocks in this group that […]

By Staff |July 18, 2005

2 min read

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Briefly:

(July 22, 2005) The Investment Dealers Association of Canada (IDA) has banned John William Stewart of Edmonton for failing cooperate with an Association investigation. The hearing panel also fined Stewart $50,000 and ordered him to pay $11,165 in Association costs. Following a disciplinary hearing in March, the panel found the Union Securities broker violated IDA […]

By Staff |July 18, 2005

13 min read

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Market regulator fines UBS traders

(July 18, 2005) Market regulator RS has fined two former senior traders at UBS Securities Canada a total of $225,000. Zoltan Horcsok, former head of sales trading, was fined $100,000, ordered to pay costs of $25,000 and banned from the equities market for three months. Glen Grossmith, former executive director in the firm’s equity sales […]

By Doug Watt |July 18, 2005

2 min read

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Small investors push for legislative reform

(July 18, 2005) Ontario’s small investors and seniors are being hung out to dry by the current statute of limitations on civil litigation for breach of trust, according to a group of investor advocates. The advocates and the province’s official opposition critic today called for the repeal of the Limitations Act, 2002. The call to […]

By Steven Lamb |July 18, 2005

3 min read

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IFIC weighs in on soft dollars

(July 15, 2005) Before the debate on soft dollars starts, there should be agreement about what the term means, IFIC says. They may complicate matters, but soft dollars arrangements don’t create barriers to best execution. So says the mutual fund industry association in a recent comment letter on the Canadian Securities Administrators’ concept paper addressing […]

By Philip Porado |July 15, 2005

2 min read

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June fund sales hit seven-year high

(July 15, 2005) The Canadian mutual fund industry attracted $1.8 billion in net new sales in June, the highest for the month since 1998. Investors are continuing to move into longer-term investments, the IFIC data suggests. At the same time, industry competition and clone fund consolidation are both starting to have an effect on sales. […]

By Kate McCaffery |July 15, 2005

2 min read

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Coxe predicts Nasdaq will follow Nikkei pattern

(July 14, 2005) The fall of the Japanese stock market in the 1990s has striking similarities to the performance of the Nasdaq since 2000. But Wall Street continues to ignore the warning signs, argues Donald Coxe, chair of Harris Investment Management. When the Nasdaq began tumbling from its peak in 2000, Coxe noted that the […]

By Doug Watt |July 14, 2005

2 min read

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Crocus problems called

(July 14, 2005) While there have been dire predictions of more labour-sponsored investment funds (LSIFs) breaking down in the wake of Crocus, experts in the private equity industry say it appears to be an exceptional case. “While it is a labour-sponsored fund, I think it really is just an isolated incident of corporate governance breakdown. […]

By Steven Lamb |July 14, 2005

3 min read

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Global economy seen slowing through 2006

(July 13, 2005) The global economy will slow over the coming year, but growth in Asia’s developing economies should maintain a relatively healthy pace, according to Scotia Economics’ Global Outlook report. The U.S. consumer is expected to finally show signs of fatigue, as interest rates continue to rise, although housing could remain strong. Weakness in […]

By Steven Lamb |July 13, 2005

3 min read

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Manulife trimming guaranteed funds lineup

(July 13, 2005) Advisors will face a slightly shrinking product roster this fall when Manulife Financial makes cuts to its family of guaranteed funds. Manulife decided to make the changes because the risks outweigh the returns, explains Rick Annaert, Manulife’s vice-president of investment products. “We’ve reviewed our risk metrics,” he said. “We considered the amount […]

By Al Emid |July 13, 2005

2 min read

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