Industry News

Decorative pattern

Mackenzie streamlines asset allocation shelf

Mackenzie Financial has proposed consolidating investors from its asset allocation products into its Symmetry program, in an effort to simplify the company’s strategic asset allocation product and service offering. Under the proposal, investors would be moved out of the existing STAR Strategic Asset Allocation Service, Keystone Strategic Asset Allocation Service and Keystone Portfolio Funds. “Mackenzie […]

By Staff |March 4, 2011

2 min read

Decorative pattern

Acuity closes Short Term Income Class

Acuity Funds, which was bought by AGF Funds at the end of November 2010, has announced today the termination of the Acuity Short Term Income Class. The decision reflects the small number of shareholders—fewer than 50—and its relatively low assets ($1.7 million). Effective today, shares of the fund are no longer available for purchase and […]

By Staff |March 4, 2011

1 min read

Decorative pattern

Colossal RRSP room left untouched

As a potent savings tool, the Registered Retirement Savings Plan (RRSP) remains woefully underutilized for yet another year. A recent survey by BMO Financial Group revealed only 39% Canadians made an RRSP contribution, well below 50% as had been predicted by an earlier survey by the bank. “We are quite surprised that the number of […]

By Vikram Barhat |March 4, 2011

2 min read

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Economic Indicators

Canadian fears of foreign control unfounded

Corporate assets, revenues and profits of foreign-controlled firms in Canada took a beating as the share of Canadian-controlled firms grew at an increased pace in 2008, according to a recent Statistics Canada report.

By Vikram Barhat |March 3, 2011

3 min read

Decorative pattern

Economic Indicators

China, U.S. partnership needs to evolve

It's a strange dance with partners on either side of the Pacific. The U.S. and China need each other, yet there is growing unease at the seemingly one-way flow of capital, jobs and technology in this relationship.

By Vikram Barhat |March 3, 2011

4 min read

Decorative pattern

Emerging markets expert leaves Excel

In the second major development in emerging markets money management in less than two months, veteran money manager Gavin Graham has left his contractual arrangement as Global Strategist with Toronto-based Excel Funds Management.

By Al Emid |March 3, 2011

2 min read

Decorative pattern

Advising laid off clients

My financial planning practice is a diverse one. Since 1995, more than 80% of my business has involved working with clients who have been laid off or have retired early. To give you an idea of the magnitude of my work, I stopped counting after my 20,000th client.

By Diane Dekanic |March 1, 2011

7 min read

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MFDA issues reasons for Jones decision

A hearing panel of the Central Regional Council of the MFDA has issued its Reasons for Decision in connection with the disciplinary hearing held in Toronto, Ontario on January 21, 2011 in the matter of Christopher Philip Jones. A copy of the hearing panel’s Reasons for Decision is available on the MFDA website at www.mfda.ca.

By Staff |March 1, 2011

1 min read

Decorative pattern

MFDA settles with Connor Financial, Joel Connor

A settlement hearing in the matter of Connor Financial Corporation (“CFC”) and Joel Gerrett (Gerry) Connor (“Connor”) (collectively the “Respondents”) was held on February 25, 2011 in Vancouver, British Columbia before a hearing panel of the MFDA’s Pacific Regional Council. The hearing panel accepted the settlement agreement between the Respondents and MFDA staff, as a […]

By Staff |March 1, 2011

4 min read

Decorative pattern

IIROC settles with Gary John Williamson

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, with sanctions, between IIROC staff and Gary John Williamson. In this agreement, Mr. Williamson entered orders to purchase securities with the intention of establishing an artificial bid price, thereby improving the performance of an inventory account for which […]

By Staff |March 1, 2011

1 min read

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