Industry News

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Industry

OSC issues investor alert: Impact Finance and Douglas Charles

The Ontario Securities Commission is warning investors not to send money to Impact Finance or Douglas Charles. Representatives of these entities, including an individual purported to be Ian T. Ball, may be soliciting residents of Ontario in a fraudulent advance fee scheme. Impact Finance and Douglas Charles representatives are contacting investors who hold securities of […]

By Staff |January 17, 2011

1 min read

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Economic Indicators

“Debt diet” starts today

This morning’s announcement by the Finance Minister is the start of a government program to put Canadians on a “debt diet”, according to CIBC World Markets. While this may remove some liquidity from the market, it should make economic growth more sustainable in 2011. “Canada’s economic mix has been the polar opposite of the U.S., […]

By Steven Lamb |January 17, 2011

2 min read

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Industry

Foreigners saw Canada as a hotspot in November

Foreign investors continued to buy Canadian securities late in 2010, according to Statistics Canada, acquiring an additional $8 billion in November, the most recent month for which data is available. Foreign buyers focused on debt issues, which made up $7.1 billion of the overall total. New private corporate bonds – mainly U.S.-denominated – accounted for […]

By Staff |January 17, 2011

1 min read

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Industry

Strong fund sales cap off 2010

Mutual funds sales for December – in fact, much of 2010 – were reminiscent of Goldilocks. Investors found some fund categories too hot for their liking (equity), while others were starting to cool off (fixed income). Great luck for balanced fund managers, as investors opted for the “just right” asset mix. “Long term fund sales […]

By Steven Lamb |January 17, 2011

2 min read