Industry

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Canada Savings Bonds still useful, advisor says

(September 9, 2004) Despite advice to the contrary, the federal government insists it will not scrap Canada Savings Bonds. While they may never make you rich, they still offer a couple of advantages for certain clients, according to one advisor. Last week, federal Finance Minister Ralph Goodale said that the CSB program would be reviewed […]

By Steven Lamb |September 9, 2004

3 min read

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Central bank bumps up interest rates

(September 8, 2004) For the first time in nearly a year-and-a-half, the Bank of Canada has raised interest rates, bumping up the overnight lending rate 25 basis points to 2.25%. In a statement accompanying today’s decision, the central bank noted that economic growth in the first half of the year was stronger than expected, “largely […]

By Doug Watt |September 8, 2004

2 min read

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Ethics module added to CPH course

(September 8, 2004) With investor confidence still fragile and the financial services industry facing numerous scandals, the Canadian Securities Institute is adding a business ethics module to one of its most popular courses. Starting this week, a mandatory ethics component will become a part of the CSI’s Conduct and Practices Handbook course. The IDA requires […]

By Doug Watt |September 8, 2004

2 min read

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Labour fund revolutionary beats a tactical retreat

R elated Stories New breed of “shareholder friendly” labour funds launched in Ontario LSIF group fires back at industry newcomer Inventive returns: a special report on venture capital LSIFs — More Than Meets the Advisor’s Eye “It’s definitely a superior model and I think we’ve really shaken up the labour fund industry and drawn people’s […]

By Steven Lamb |September 8, 2004

5 min read

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Briefly:

(September 10, 2004) Most Canadian homeowners are not worried about the effect rising interest rates will have on their mortgages, with 94% saying they could handle an increase of 1 or 2%, according to a poll by CIBC and Decima Research. “It was surprising to see how much wiggle room most homeowners say they have […]

By Staff |September 7, 2004

7 min read

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Morningstar to launch pooled funds database

(September 7, 2004) A database grouping Canada’s nearly 900 pooled mutual funds by industry-standard categories is set for launch later this month, Morningstar Canada announced today. There are 16 pooled fund categories approved by the Canadian Investment Funds Standards Committee (CIFSC), compared to 35 categories in the retail fund arena. “We can’t have all the […]

By Doug Watt |September 7, 2004

2 min read

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Bond fund risks outweigh rewards, says analyst

Bond funds are generally poor investments, with fees that are far too high, wiping out much of their returns and making them not worth the risk for the average investor, according to one prominent mutual fund analyst. “With interest rates at multi-decade lows and the prospect of rate hikes ahead of us, many are leery […]

By Steven Lamb |September 7, 2004

2 min read

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Conference season: An advisor’s guide to this fall’s major events

(September 3, 2004) With the summer months officially behind us, the financial services industry is gearing up for another busy conference season, with close to two dozen events on the fall agenda, including IFIC’s annual conference and the Advisor Forum series. It’s a relatively late start for autumn conferences in Canada this year, with IFIC […]

By Doug Watt |September 3, 2004

3 min read

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Savings bonds here to stay, says finance minister

(September 3, 2004) The federal department of finance is looking into possible reforms to the Canada Savings Bond (CSB) program, officially called the Retail Debt Program, after a report commissioned by the government recommended scrapping the bond program altogether. “We are assessing the Retail Debt Program in the context of a much-improved fiscal situation and […]

By Steven Lamb |September 3, 2004

4 min read

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Gold funds top performers in August

(September 2, 2004) Investors holding gold-based mutual funds had a reason to smile in August, as strong bullion prices pushed gold funds to the top of the performance charts, according to early data from Morningstar Canada. The monthly report shows an even split between Morningstar’s 32 fund indexes, with half gaining and half losing ground. […]

By Steven Lamb |September 2, 2004

2 min read

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