Industry

March madness: Another stellar month for fund sales

(April 15, 2004) For the third straight month, Canada’s mutual fund industry posted strong sales, but experts don’t expect the good times to last. March net sales totalled $4.1 billion, IFIC said today in its monthly fund report, a 20% decline from February. “Sales for March are normally high as it is expected that a […]

By Doug Watt |April 15, 2004

2 min read

Natural disasters no big deal for economy: StatsCan

(April 14, 2004) A series of natural disasters had little impact on economic growth last year, Statistics Canada reported today. Canada’s real GDP advanced 1.7% in 2003, about half the pace of the previous year. StatsCan noted there was much discussion in 2003 on the “seemingly biblical” series of negative shocks to the economy, such […]

By Doug Watt |April 14, 2004

1 min read

Soft sell makes prospecting easier, marketing consultant says

(April 14, 2004) When was the last time you were approached by a pushy salesperson and thought: “Wow, I have got to tell my friends about this great service!” Never? Really? Now think about how you approach the topic of referrals with your clients. In The ADVISOR Group’s second Annual Dollars & Sense Survey of […]

By Steven Lamb |April 14, 2004

3 min read

Bank of Canada cuts lending rate to 2%

(April 13, 2004) Citing shifts in the global economy, the Bank of Canada today lowered its benchmark overnight lending rate by 25 basis points to 2%, a 44-year low. The move was widely expected by economists. “The Canadian economy continues to adjust to developments in the global economy,” the central bank said in a statement […]

By Doug Watt |April 13, 2004

2 min read