Industry News

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Cautious Canadians are taking risks

A new survey suggests that while Canadians think of themselves as risk-averse, they are leaving themselves and their families open to massive liabilities by under-insuring. According to the TD Insurance Risky Business Poll, the majority of Canadians say they’re cautious and avoid risk (55%), with only 8% saying they are risk-takers. No surprise, given the […]

By Staff |November 24, 2010

2 min read

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Dundee deal helps define wealth market

The wealth management landscape in Canada changed on Monday, with the announcement that Scotiabank would buy DundeeWealth. While the obvious change in the industry was the elevation of Scotia within the asset management business, the deal helped define the market, according to Bruce R. Jackson, president and chief operating officer of Cumberland Private Wealth Management. […]

By Steven Lamb |November 24, 2010

3 min read

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Briefly: “Korean conflict no ‘sell’ signal” and more news

This week’s flare up on the Korean peninsula is indeed troubling for the people living there, but the shelling of the South Korean island of Yeonpyeong should not be taken “sell” signal for Asian equities, according to Kelvin Tay, strategist with UBS AG. “Should investors consider reducing their holdings in Asian assets? Simply put, we […]

By Staff |November 24, 2010

2 min read

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Gold, silver continue rally in uncertain times

Contrary to what its dizzying rise would suggest, gold is not one of the best performing commodities. It will, however, continue to be an alternative currency to the U.S. dollar as investors take a flight to safety, according to experts at BMO Harris Private Banking. Admitting that gold has run too far too quickly, experts […]

By Vikram Barhat |November 23, 2010

3 min read

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Boomers expect busy retirement

Canadian boomers will not be retiring to a rocking chair on the front porch, for a variety of reasons. According to a poll conducted by the Investors Group, 61% are looking forward to their retirement. They see it as being comfortable (54%) but fulfilling (43%), busy (42%) and exciting (25%). Most boomers predict they will […]

By John Powell |November 23, 2010

1 min read

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Canaccord announces Asia expansion

Canaccord Financial Inc. announced today that it is expanding its operations into Asia with the acquisition of The Balloch Group, a boutique Chinese investment bank, and an agreement with the Export-Import Bank of China. Canaccord’s operations in China are expected to begin in early January and from that time forward, The Balloch Group will be […]

By Staff |November 23, 2010

2 min read

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Briefly: “AlphaPro offers preferred share ETF” and more news

AlphaPro Management has launched the Horizons AlphaPro Preferred Share ETF, Canada’s first actively managed preferred share exchange traded fund. The Preferred Share ETF began trading today on the Toronto Stock Exchange under the symbol “HPR”. The sub-advisor to the Preferred Share ETF is Natcan Investment Management Inc., which also managed the Horizons AlphaPro Corporate Bond […]

By Staff |November 23, 2010

8 min read

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Moody’s buys CSI Global Education

The country’s leading provider of financial learning, credentials, and certification, CSI Global Education Inc., has been sold to Moody’s Corporation, subject to customary closing adjustments. CSI will operate within Moody’s Analytics, strengthening the ratings agency’s capabilities for delivering credit training programs, research and analytical services, and risk management software to financial institutions worldwide. “We are […]

By Steven Lamb |November 22, 2010

2 min read

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Briefly: “Mackenzie names co-leaders of Cundill team” and more news

Mackenzie Financial has named Andrew Massie and Lawrence Chin to lead its Cundill investment division, succeeding Jim Thompson, who is returning to the United States, and will rejoin Southeastern Asset Management, Inc., effective December 1. “I have enjoyed working with the Cundill team and everyone at Mackenzie, and with my return home, I am pleased […]

By Staff |November 22, 2010

2 min read

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Scotiabank makes huge takeover play

Scotiabank has struck a deal to buy the remaining equity in DundeeWealth, of which the bank already owns 18%. The transaction will dramatically change the face of the mutual fund industry, where Scotia was something of a laggard among the big banks. Prior to the deal, Scotia was the tenth largest mutual fund asset manager, […]

By Steven Lamb |November 22, 2010

4 min read

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