News and resources for Canada's top financial advisors
Industry
(February 18, 2003) It came as no surprise that there were no surprises in today’s federal budget. Reaction from three financial services industry insiders contacted by Advisor.ca ranged from mild indifference to deep concern for Canada’s future economic health. “One of the things that really does concern me is the huge increase in government spending,” […]
By John Craig |February 17, 2003
3 min read
(February 18, 2003) Facing an emotionless opposition, Finance Minister John Manley strayed from his prepared budget speech at one point and asked, “Some of this you must like?” Besides a few laughs, there was nothing. Reaction from the country’s industry association leaders was a bit more animated, however. RRSPs, debt reduction and capital taxes turned […]
By Staff |February 17, 2003
(February 18, 2003) The federal budget has something for everyone, though some advisors say it could have done more to put money into the hands of their clients. One budget gem is the incentives for small-business owners. Clients who fall into this category will be thrilled with the fact that the low 12% tax rate […]
February 17, 2003
4 min read
Ethical Money Market Ethical Income Ethical Global Bond Meritas Money Market Meritas Canadian Bond Ethical Special Equity Ethical Special Equity Meritas Canadian Bond Meritas Money Market Ethical Global Bond Ethical Income Ethical Money Market Mackenzie Universal Global Ethics Meritas Jantzi Social Index Mackenzie RSP Universal Global Ethics Meritas U.S. Equity For more on the SRI […]
By Doug Watt |February 17, 2003
(February 17, 2003) Contributions to mutual funds and total assets were both down in January, for the 10th straight month but the fund industry expects to see a turnaround in February, says the Investment Funds Institute of Canada. Mutual funds have been in net redemption since last April. In January, Canadians pulled $469 million out […]
By Scot Blythe |February 17, 2003
2 min read
(February 14, 2003) Consumers will have more easily understandable mutual fund and segregated fund information for their investment decision-making, while advisors and fund companies will have simplified responsibilities for distributing that information if a proposed new disclosure system wins acceptance from all players. The Joint Forum of Financial Market Regulators unveiled the proposal yesterday in […]
By Art Melo |February 14, 2003
Montreal — September 30 and October 1 Montreal — September 30 and October 1 Calgary — October 28 and 29 Vancouver — November 3 and 4 Toronto — November 24 and 25 Halifax — December 1 and 2 For more information, check the Advisor Forum Web site. Advisors who attend are eligible to earn up […]
By Doug Watt |February 14, 2003
(February 14, 2003) Mutual fund performance took another hit in January as 26 of the 32 fund indexes tracked by Morningstar Canada lost ground. Overall, 88% of the 4,500 funds rated by Morningstar reported losses last month, but that doesn’t necessarily mean 2003 will be a losing year. Morningstar analyst Rob Chang says those who […]
(February 13, 2003) Despite shaky markets and weak investor confidence, advisors say the bulk of their clients will contribute about the same amount to their RRSP as last season, according to a recent online survey conducted by The ADVISOR Group. Advisors were asked whether their clients plan to contribute more, less or the same amount […]
By Doug Watt |February 13, 2003
(February 12, 2003) The federal government should raise RRSP limits, introduce a new tax-advantaged retirement savings plan, reduce personal income taxes and phase out the capital tax in next week’s budget, the C.D. Howe Institute recommends in its “shadow” budget, released today. RRSP limits should be immediately bumped up to $15,500 or 20% of earned […]
By Doug Watt |February 12, 2003
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