Industry News

For real estate, think global

Everyone knows the old adage about the three most important things in real estate, but when it comes to real estate securities, “location, location, location” is not so much repetition but a call to diversification. “A global approach, in my opinion, is recommended as it provides the widest range of return opportunities, and it also […]

By Staff |March 21, 2011

3 min read

Quebec rolls out new pension option

The Quebec government is getting kudos from the industry for being the first province to introduce a new pension program for workers that lack private plans. The provincial budget, tabled on Thursday, proposes a voluntary retirement savings plan (VRSP), which according to the Canadian Life and Health Insurance Association (CLHIA) is based on the pooled […]

By Staff, with files from The Canadian Press |March 18, 2011

2 min read

Household debt high, but not dangerous

Reader Alert: This editorial is in response to Stephanie Holmes-Winton’s March16th column ‘What debt issue?’. Household debt in Canada is at record levels, but the situation is not as dire as some reports have suggested. While average household debt is $112,000, assets are also at record levels and net worth will increase as the economy […]

By Helmut Pastrick |March 18, 2011

3 min read

Desjardins extends offer for Western prefs

Desjardins Financial has extended the deadline on its offer for preferred shares of Western Financial Group to 5 pm on April 15. The new deadline matches the date that Desjardins expects to receive approval from the Federal Minister of Finance for its takeover of Western. All other terms of the offers remain the same and […]

By Staff |March 18, 2011

1 min read