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By Steven Lamb |January 4, 2005
2 min read
(January 4, 2005) Canadians are planning to contribute more to their RRSPs this year, with an average intended contribution of about $5,560, according to a report from RBC Financial Group. In its 14th annual survey of investors, RBC found that 65% of Canadians have an RRSP, up from 57% in 2002. “Canadians have always been […]
(January 4, 2005) The federal government’s decision to move forward on establishing a do-not-call registry to cut down on telemarketing could have an effect on advisors who use such calls to build business. Advisor associations are hoping to get an exemption from the proposed rule. In December, Ottawa introduced legislation to establish a do-not-call registry, […]
By Doug Watt |January 4, 2005
3 min read
(January 7, 2005) Northwest Mutual Funds plans to close the Northwest Specialty High Yield Bond Fund to new investors, effective January 15, 2005. Existing unitholders can still invest in the fund and it remains open to distribution reinvestment and the Northwest Quadrant Portfolio asset allocation service. “Both Northwest and the portfolio manager feel that conditions […]
By Staff |January 4, 2005
6 min read
(December 31, 2004) Among your clients’ New Year’s resolutions, there is sure to be some reference to getting their financial acts together. While having a financial advisor in the first place already puts them ahead of the curve, there’s always room for improvement. A good start might be paying down debt. As the credit card […]
By Steven Lamb |December 31, 2004
(December 31, 2004) The rapid appreciation of the Canadian dollar was one of the biggest economic headlines of 2004 and it looks like the pricey loonie will continue to dominate in 2005, according to various economic reports. The International Monetary Fund applauded Canada for its economic performance for 2004 and estimates a growth rate of […]
4 min read
(December 31, 2004) A would-be whistleblower from the financial services industry has been found dead, apparently of suicide. Reports say Kent Shirley was found dead in his parents’ home on Christmas Eve. Shirley was embroiled in a constructive dismissal lawsuit against Advocis’ founding chairman Brian Mallard, with both sides alleging regulatory wrongdoing. Shirley was an […]
1 min read
(December 30, 2004) In 2004, commodities proved to be the sector to beat, as demand from developing economies drove prices higher. Gold and oil grabbed headlines throughout the year, but what lies ahead for these key sectors in 2005? “Given the fundamentals in the gold market and what we’re seeing happen in the currency markets […]
By Steven Lamb |December 30, 2004
(December 30, 2004) Canada’s three main advisor associations have set their agendas for 2005, with advocacy initiatives high on the list. At Advocis — the country’s largest advisor group with 15,000 members — regulatory reform and advisor professionalism will be the priorities, says president Steve Howard. “There are complementary elements within that,” Howard explains. “We’re […]
By Doug Watt |December 30, 2004
(December 31, 2004) GrowthWorks WV Management Ltd. has agreed to purchase Fullarton Capital Corporation, manager of Capital Alliance Ventures Inc. (CAVI) and Canadian Science and Technology Growth Fund Inc. (CSTGF). “The size and scope of GrowthWorks’ operations offers many advantages to CAVI and CSTGF shareholders,” said Peter Day, president and COO of Fullarton. “With GrowthWorks’ […]
By Staff |December 29, 2004
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