Industry News

Decorative pattern

Income trusts beyond 2011

Canada is in the midst of a bull market in yield securities. Retail and institutional investors alike are clamouring for securities generating and paying a steady cash flow. The demographics of this country provide strong evidence of why the demand for yield has seemingly accelerated in recent years.

By Dennis Mitchell |January 1, 2011

9 min read

Decorative pattern

Preparing the power of attorney

What happens when your client is no longer capable of making his or her own decisions? Perhaps your client has planned for this event and given a power of attorney (POA) to someone he or she trusts. What, then, is your new role?

By Robert Mendenhall |January 1, 2011

5 min read

Decorative pattern

Financial catchphrase of the year

There were a lot of great additions to the English language in 2010. Sarah Palin gave us “refudiate”. The BP oil spill in the Gulf of Mexico gave us several new entries, including “top kill” and “junk shot”. But the catchphrase of the year in financial circles was missed by many in the year-end lists: […]

By Steven Lamb |December 31, 2010

1 min read

Decorative pattern

Five easy financial resolutions

While it is always a good time to be financially prudent, the New Year brings promises to actually do something about it. But vowing to “be smarter with money” is pretty vague, and many Canadians might struggle to keep that resolution without a clear idea of how to achieve it. Scotiabank has offered its top […]

By Staff |December 30, 2010

2 min read

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Economic Indicators

Consumer, investor confidence holds up

Consumer confidence remained steady for most of 2010 in Canada, according to the Harris/Decima-Investor’s Group Index of Canadian Consumer Confidence. The overall measure was steady for the last six months after reaching a post-recession high of 89.0 in February. It closed at 82.8 in November. “Nationally, this year has seen Canadian consumer confidence dip for […]

By Brooke Smith |December 29, 2010

2 min read

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OBSI offers financial resolutions

The next few weeks will see Canadians making – and for some, breaking – New Year Resolutions, ranging from eating better to quitting smoking. While improving physical fitness is an excellent goal, they should also try to get financially fit. To that end, the Ombudsman for Banking Services and Investments has offered up a Top […]

By Staff |December 29, 2010

2 min read

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Mackenzie honours teen philanthropy

Mackenzie Financial has named the winner of its 2010 Top Teen Philanthropy Search. Sixteen-year-old Darren Cole, of Toronto, was recognized for his work with Food Banks Canada, which will receive a $5,000 donation in his name. Cole also receives $1,000 personally. “Once again, our contest has demonstrated that Canada’s younger generation have big hearts,” says […]

By Staff |December 29, 2010

2 min read

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Desjardins set to buy Western Financial

Desjardins Financial Group has struck a deal to acquire Western Financial Group, the largest insurance and financial services retailer in Western Canada, for $443 million. Desjardins is paying a 70% premium to Western Financial’s closing share price on the TSX on December 22, 2010. “This transaction will allow us to accelerate our business development in […]

By Steven Lamb |December 29, 2010

1 min read

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The risks, rewards of outsourcing

For over ten years now, the Financial Advisors Brokerage (FAB) Group has looked outward for support services like IT or advertising, and even for some practices—like tax and legal services—more closely tied to their core business.

By Terri Goveia |December 23, 2010

8 min read

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Countdown is on for charitable gifts

The countdown has begun. The CRA website is reminding taxpayers that ‘charitable donations must be made by December 31, 2010 in order to qualify for a tax credit in the 2010 tax year.’ For advisors this may be a good time to discuss charitable giving with their clients. “Every time there’s a tax situation, there’s […]

By Vikram Barhat |December 22, 2010

3 min read

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