Industry News

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Industry

Top ranks shuffled at CIBC

CIBC has announced an overhaul in its senior leadership, sparked, it would appear, by the departure of Sonia Baxendale, senior executive vice-president and president of retail markets is leaving CIBC. “I would like to thank Sonia for her significant contribution to CIBC over many years,” said Gerry McCaughey, president and CEO of the bank. “Thanks […]

By Staff |March 28, 2011

1 min read

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Industry

Volatile times call for long-term view

As the world stumbles from one crisis to another, turbulence is fast becoming the new normal in financial markets. From the great recession of 2008 and the European sovereign debt crisis to the geo-political turmoil in North Africa and the Middle East, the world has experienced tremendous upheaval. And while investors waited for a respite, […]

By Vikram Barhat |March 28, 2011

2 min read

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Industry

Spending changes little in retirement

Planning for retirement income usually accepts that retirees can get by on far less than their pre-retirement income, as their expenses will be lower. But when it comes to household needs, spending barely declines at all, according to a report from Statistics Canada. Looking at spending and income patterns from 1982 and 2008, StatsCan found […]

By Staff |March 25, 2011

1 min read

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Industry

Fidelity’s Schmehl, Dupont replace Snow

Fidelity Investments Canada has announced the departure of portfolio manager Brandon Snow, dividing his new responsibilities between Mark Schmehl and Daniel Dupont, effective immediately. Schmehl, who currently manages the Fidelity Special Situations Fund, will become portfolio manager of the Fidelity Canadian Growth Company Fund. Dupont, currently manager of the equity portions of Fidelity Monthly Income […]

By Staff |March 25, 2011

1 min read