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Industry
Claymore Investments has announced the launch of the Claymore Short Duration High Income ETF. The goal of the ETF is to maximize total returns, consisting of both tax efficient monthly distributions and capital appreciation, and to preserve capital. “We continue to believe that good income products are critical for Canadian investors,” said Som Seif, president […]
By Staff |March 1, 2011
1 min read
Desjardins Securities has signed a deal with ESN North America which will deliver the research on Canadian companies across Europe. “ESN North America is a natural partner for Desjardins Securities and Desjardins Group as a whole,” says Richard Nadeau, vice-chairman and managing director of capital markets with Desjardins Securities. “They provide access to over 1,200 […]
National Bank Financial Group is launching a new stock index comprised exclusively of Quebec-based companies. “This index meets the need expressed my many investors, individuals or industry professionals alike, looking for an economical and efficient way to track the performance of Quebec-based companies,” said Jean-Philippe Cousineau, managing director, shares and co-director, institutional stocks, National Bank […]
The Investment Industry Regulatory Organization of Canada (IIROC) has published for comment proposed amendments to the Universal Market Integrity Rules concerning the regulation of short sales and failed trades. The proposed amendments would repeal the restrictions on the price at which a short sale may be made on Canadian equity marketplaces. IIROC has also released […]
By Staff |February 28, 2011
2 min read
After months of being lectured on their debt accumulation habits, Canadians have apparently taken up another bad habit, in part to combat the first: raiding their retirement plans. According to a survey conducted by Leger Marketing for BMO Financial, roughly 40% of Canadians with an RRSP admit they have made withdrawals from their plan before […]
By Steven Lamb |February 28, 2011
Castlerock Investments, formerly known as Hartford Investments Canada, has announced a special meetings of unitholders for its funds, to consider a proposal to put in place fixed annual administration fees. The funds currently charge variable operating expenses. Under the proposal, Castlerock will implement fixed administration fees on all series of all funds (excluding Series I) […]
The OSC has allocated nearly $2 million in settlement money from enforcement proceedings to help promote financial literacy education in Ontario schools. “Financial literacy is an important part of investor protection and the OSC supports educational efforts to help Ontarians develop the skills and knowledge needed to succeed in an increasingly complex financial world,” said […]
Economic Indicators
Canada’s economy which came back on track in early 2010 started steaming ahead by the last quarter of 2010, according to a report by Statistics Canada. Surging exports (4.0%) and strong consumers demand (1.2%). emerged as the leading growth engines that fuelled a 3.3% annualized rate of growth in the fourth quarter, up from 1.8% […]
By Vikram Barhat |February 28, 2011
An Angus Reid survey commissioned by Capital One and CanadaHelps shows 65% of Canadians are worried about fraudulent charities, a 14% jump from the results of a 2009 survey. This skepticism, combined with the difficulty of recovering donations made to fraudulent charities, led 53% of respondents to say they are less likely to give to […]
By Dean DiSpalatro |February 25, 2011
3 min read
The pooled retirement pension plan (PRPP) scheme announced last year represents a positive first step toward ensuring all Canadians have sufficient opportunity to save for retirement, according to Christopher Brown, president of the Association of Canadian Pension Management. But, he says, this has to be just part of the solution. “Governments are clearly engaged in […]
By Neil Faba |February 25, 2011
4 min read
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