Industry

Advocis unveils draft of best practices manual

(March 3, 2004) Advocis has released its new best practices manual, seeking commentary from regulators, organizational partners and members. The complete manual, with feedback incorporated into it, will be released in the fall. “This comprehensive advisor toolkit takes a holistic approach to the advisor-client relationship, effectively elevating it from a transaction-focused relationship to one that […]

By Steven Lamb |March 3, 2004

3 min read

Mutual fund corporate class structures – a valuable addition to your investment bag of tricks

A recent trend with Canada’s mutual fund industry is the growing availability of a class of mutual fund shares known as mutual fund corporate class structures. Interest in these funds is largely based on their ability to provide investors with the ability to "switch" between different funds without triggering tax in non-registered accounts. To fully […]

By Staff |March 2, 2004

3 min read

Bank of Canada cuts rates again

(March 2, 2004) The Bank of Canada lived up to expectations and cut its target for the overnight rate by 25 basis points, taking the trend-setting rate to 2.25%. The bank justified the rate cut by pointing to the January Consumer Price Index, which came in “significantly below the 2 per cent inflation target.” This […]

By Staff |March 2, 2004

2 min read

Fab February for funds

(March 2, 2004) After a weak RRSP season last year, Canada’s mutual fund industry has returned to its traditionally strong February showing. Net sales are expected to be around $5 billion, IFIC says in its monthly preliminary estimate, more than 10 times higher than February 2003. Combined with January’s $1.8 billion, total sales for this […]

By Doug Watt |March 2, 2004

2 min read