Industry

Decorative pattern

Portus hit with further regulatory restrictions

(February 11, 2005) The Ontario Securities Commission has imposed further restrictions against Portus, ordering the hedge fund manager to cease trading in securities and stop paying out assets from client accounts. The temporary order also extends to Portus owner Boaz Manor, who will not be allowed to execute trades in Portus’s BancNote Trusts or direct […]

By Doug Watt |February 11, 2005

3 min read

Decorative pattern

CPPIB announces third-quarter results

(February 11, 2005) In his first conference call as president of the CPP Investment Board (CPPIB), former Fidelity front man, David Denison, discussed the reserve fund’s third-quarter results, the board’s plans for the future and he also restated the CPP’s message of stability. After making benefit payments of $1.9 billion, in the third-quarter ending December […]

By Kate McCaffery |February 11, 2005

3 min read

Decorative pattern

Analysts question latest move by Portus

(February 10, 2005) A decision by hedge fund firm Portus Alternative Asset Management — under investigation by securities regulators — to suspend account withdrawals indefinitely is a troubling development for investors, industry analysts say. In a release posted Wednesday night on its website, Portus said it wanted to clear up recent press reports that have […]

By Doug Watt |February 10, 2005

3 min read

Decorative pattern

Government reneges on promises to women

(February 10, 2005) Women are usually the primary caregivers and decision makers in the family unit when it comes to spending and investment decisions. Despite this, federal fiscal policies have done little to improve most women’s economic security in the last 10 years. A new report, Canada’s Commitment to Equality: A Gender Analysis of the […]

By Kate McCaffery |February 10, 2005

4 min read

Decorative pattern

Scrap foreign content limits, says TD

(February 9, 2005) The 30% foreign content limit on RRSPs, RPPs and the CPP is hurting Canadian investors and should be eliminated, says TD Economics. The limit, officially known as the foreign property rule (FPR), means that Canadian pension managers and RRSP holders have to maintain at least 70% of their funds in Canadian assets, […]

By Doug Watt |February 9, 2005

2 min read

Decorative pattern

Wealth market continues to grow

(February 9, 2005) Advisors have heard time and again that to prosper they need to segment their client base, winnow out the chaff and focus on the high end of their market. The good news for those pursuing high-net-worth (HNW) clientele is that the market continues to grow, both in Canada and internationally, according to […]

By Steven Lamb |February 9, 2005

3 min read

Decorative pattern

CSA publishes soft-dollar paper

(February 8, 2005) The Canadian Securities Administrators has published for comment a comment paper on soft-dollar arrangements. As reported last week on Advisor.ca, the paper takes no stand on the sometimes-controversial arrangements, but instead outlines scenarios — both pro and con — and asks respondents to answer a series of probing questions. Under typical soft-dollar […]

By Doug Watt |February 8, 2005

2 min read

Decorative pattern

Middle class embrace RRSPs: IDA

(February 8, 2005) Contrary to perceptions, RRSP investments are not the sole domain of the affluent, according to the February edition of the IDA’s Wealth Watch. Of the nearly 6 million Canadians who claimed RRSP contributions on their 2003 tax filing, 75% (or about 4.5 million) claimed employment income of $63,100 or less. As a […]

By Steven Lamb |February 8, 2005

2 min read

Decorative pattern

Same-sex marriage simplifies estate planning

(February 8, 2005) Debate has raged over rights and discrimination ever since former prime minister Jean Chrétien unveiled draft legislation addressing the definition of marriage back in July 2003. The question of constitutional rights aside, same-sex marriage may actually simplify estate-planning laws across Canada, says Winnipeg estate-planning lawyer John Poyser. Unless they are personally affected, […]

By Kate McCaffery |February 8, 2005

3 min read

Decorative pattern

Equity market ended 2004 with a bang

(February 7, 2005) The Canadian market witnessed a boom in new equity issues in the fourth quarter of 2004, setting a new record of $16.1 billion in new financings, according to the IDA’s Review of Equity New Issues and Trading. Overall, financings were up 12% from 2003, amounting to $48.7 billion for the year. Common […]

By Steven Lamb |February 7, 2005

2 min read

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