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Industry
Private companies in Canada are more open to mergers or acquisitions than ever before. According to a PricewaterhouseCoopers Canada’s ‘Business Insights’ survey, 34% of the respondents stated that mergers and acquisitions are an integral part of their growth strategy. That’s an increase of 28% from 2009. These companies are also gearing up to be more […]
By Staff |October 25, 2010
1 min read
Over the last 20 years, technology has progressed at breakneck speed. The investment industry, meanwhile, “has grudgingly been dragged along, kicking and screaming.” So says Eric Mennell, senior vice president and associate portfolio manager, Mennell Wealth Strategies Group, within Macquarie Private Wealth Inc. One explanation for the resistance, he believes, is it’s difficult to balance […]
By Nancy Turner |October 25, 2010
3 min read
The two-year-long vertiginous roller-coaster ride may have driven investors to safer and more stable investment destinations. Or so would suggest the steady stream of recent media articles that seem to place more-than-moderate focus on dividend stocks. Growth oriented managers grudgingly accept there’s been a shift, but summarily dismiss any suggestion that dividend investing has become […]
By Vikram Barhat |October 22, 2010
Quebec’s Chambre de la sécurité financière has announced it will issue a press release detailing all bans—whether temporary or permanent—it issues against its members. These rulings are currently publicly available through the Chambre’s website, but the decision to issue a press release is an attempt to better inform consumers of the enforcement decisions that the […]
By Ronald McKenzie |October 22, 2010
Scotia Asset Management has announced the launch of Pinnacle Emerging Markets Equity Fund, which is managed by Pablo Salas, managing director and senior portfolio manager of New York-based Trilogy Global Advisors. “We believe that identifying both early stage and traditional growth profiles among globally dominant and domestically competitive emerging market companies helps provide the best […]
By Staff |October 22, 2010
2 min read
To those women in the investment industry wondering how they can get ahead, listen up: The glass ceiling is yours to break. So says Tamara Vrooman, president and CEO of Vancity and the keynote speaker at the Vancouver Investing in You conference. Addressing a roomful of successful women in British Columbia’s financial industry, Vrooman spoke […]
By Nancy Turner |October 21, 2010
CI Financial has struck a deal to purchase Hartford Investments, the Canadian mutual fund operations of U.S. fund giant, The Hartford Financial Services Group. “Hartford Investments has been one of Canada’s fastest-growing mutual fund companies over the past five years, having developed a strong lineup of portfolio managers and excellent relationships with dealers and advisors,” […]
By Steven Lamb |October 21, 2010
Today is International Credit Union Day and credit unions are promoting the differences they make in the communities they serve. A new survey shows that Canadian credit unions contributed nearly $37.5 million to local community projects last year. The donations sponsored arts and culture, sport activities, educational programs and facilities, economic development, healthcare, environmental causes […]
By Staff |October 21, 2010
4 min read
Small business owners would do well to invest surplus funds within the company instead of increasing their salary to maximize RRSP contributions, says a report from CIBC. The report Rethinking RRSPs for Business Owners: Why taking a salary may not make sense is based on research headed by Jamie Golombek, CIBC’s managing director of tax […]
By Vikram Barhat |October 20, 2010
As an investment destination, Japan has been on the outs for many investment managers. The country’s long list of woes includes two decades of economic stagnation, an ageing population, historically high unemployment, falling salaries and a colossal national debt of $7 trillion. Adding insult to injury, long-time rival China recently leapfrogged Japan to become the […]
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