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Standard & Poor’s launched the S&P/TSX North American Preferred Stock Index today, which will cover the preferred share market across Canada and the U.S. The Index aims to provide investors with broad diversification and exposure to North American preferred stocks, according to a press release from the company. “Preferred stocks are attractive to investors in […]
By Staff |August 19, 2010
3 min read
Comprehensive financial sector reforms could be on the cards as Canada joins other G-20 countries aiming to set new banking rules, suggests a recent Bank of Canada report. Raising the amount and quality of capital and liquidity that financial institutions must carry is a central component of the reforms, states the report titled ‘Strengthening International […]
By Vikram Barhat |August 18, 2010
Moderated by: Vikram Barhat Participants: Blair Falconer, vice-president, HSBC securities, Toronto. Serge G. Pepin, head of investments, BMO Investments Inc. Falconer: The biggest pitfall of leveraging is it magnifies losses. I mean, it magnifies gains as well, but it becomes your biggest risk when your investment strategy turns against you and then all of a […]
9 min read
FundSERV is being asked to provide the network for the eData project. The eData project is CLIEDIS’ proposal to develop an industry solution to allow for straight through data processing at the AGM. The objective of the eData (New Business eData Collection and Transmission Standards) project is to find a solution for point-of-sale collection of […]
By Staff |August 18, 2010
2 min read
The basic challenge for equity investors hasn’t changed much over the last century: how do you assemble a portfolio of stocks that are likely to grow over time, at prices that allow for attractive returns relative to the level of risk? The answer lies in investing in high-quality companies for the long term, using fundamental […]
By Jeffrey Russell and Robert Swab |August 17, 2010
6 min read
A former U.S. Federal Reserve official, Cathy Minehan, was recently quoted as saying, “We’re in a lousy middle, between the economy picking up on its own, and falling off a cliff.” And no one likes falling off a cliff, especially when it comes to money. “This is no time to stick your neck out,” says […]
By Brenda Craig |August 17, 2010
Advisors generally have good relations with their mutual fund dealers and MGAs, say respondents to our annual Distribution research project. “We have virtually nine in ten strongly or somewhat agreeing that they have a good working relationship with their dealer or their MGA,” Tricia Benn, Director of Research for Rogers Publishing Limited, told an audience […]
By Philip Porado |August 17, 2010
5 min read
The industrialized world faces a period of extreme volatility, at a time when its governments must engage in severe fiscal tightening, according to economists and strategists at the Morningstar Investment Conference. “We went through the worst financial shock since the 1930s . . . the worst recession in the industrialized world since the second world […]
By Steven Lamb |August 17, 2010
Most people define a recession as two consecutive quarters of declining GDP. This definition gained popularity after it was included in a list of indications by economist Julius Shiskin in a 1974 New York Times article. Likewise, a recession is considered to be over when the streak of declining quarterly GDP concludes. In the U.S., […]
By Kash Hashemi |August 17, 2010
7 min read
Investors fearing a troubled U.S. economy cut their holdings of American equities this month to 2008 levels. According to a Bloomberg report, a BofA Merrill Lynch Global Research survey showed 14% of respondents were “underweight” U.S. stocks, compared with 7% who were “overweight” in July. A total of 187 fund managers participated in the survey […]
By Staff |August 17, 2010
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