Industry News

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Rate hike reassuring: experts

The Bank of Canada (BOC) interest rate hike is inspiring a bullish outlook among industry experts, who consider it a sign that Canadian economy is on solid footing. There does, however, seem to be some concern over uncertainty of future action. “A modest interest rate hike may be viewed as bullish from the equity market,” […]

By Vikram Barhat |June 1, 2010

3 min read

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RBC has launched myFinanceTracker, which the bank says is Canada’s first online financial management tool integrated into an online banking system. The tool categorizes customer transactions, tracks expenses and provides advanced budgeting capabilities for all personal banking and credit card accounts. The tool is available to all personal RBC online banking customers at no additional […]

By Staff |May 31, 2010

3 min read

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Online tool breaks out mutual fund fees

With the Ontario harmonized sales tax (HST) set to take a bite out of almost all Canadian mutual funds, The Investor Education Fund has launched a new online calculator to help Canadians determine the impact of the increase in mutual fund fees. The calculator shows investors how fees and other costs can affect the return […]

By Vikram Barhat |May 31, 2010

2 min read

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ETFs let advisors do their jobs

It’s a known fact that over the long term very few active investment products have been able to outperform their benchmarks. Don’t believe me? Here are some stats from the SPIVA (Standard & Poor’s Indices Versus Active Funds) report. The report found, for year-end 2009, five-year period, only 7.4% of actively managed Canadian Equity funds […]

By Rayann Huang |May 31, 2010

8 min read

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Tackling the 3 Ds of investing

As part of our annual review of the markets, the economy, and consequently our investment strategies going forward, Nicola Wealth Management organized two seminars whose theme revolved firmly around the impact of massive global government fiscal stimulus and the debt that goes along with it. We discussed the questions that are on everyone’s mind: For […]

By John Nicola |May 31, 2010

5 min read

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CIBC report: Canada leading G-7

Canada’s economic growth will be driven by medium-term trends in population and productivity, he adds saying the growth of Canada’s economically active multi-cultural population will outpace that of the U.S. or Europe. Better business ties and improved bilateral trade is one of the byproducts of immigration. It has considerably improved Canada’s presence in some of […]

By Vikram Barhat |May 28, 2010

2 min read

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Barclays Capital has announced the appointments of two senior executives in Canada, including a Mulroney-era cabinet minister. The Honorable Michael Wilson joins Barclays Capital, Canada as chairman, while Bruce Rothney has been named head of Barclays Capital, Canada. “Their leadership, management, client coverage and transaction experience will be of tremendous value to our clients and […]

By Staff |May 28, 2010

2 min read

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HNW investors question advisors’ motives

It’s a classic conundrum. Advice is nice, but are advisors’ intentions noble? While the majority of high net worth (HNW) clients are satisfied with advisory services, there remains a small segment that’s skeptical about where advisors’ interests and priorities lie, according to a survey conducted by BlackRock Asset management Canada Limited. The High Net-Worth Investors […]

By Vikram Barhat |May 27, 2010

2 min read

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National watchdog plan gains support

Blog Polls The news of Finance Minister Jim Flaherty’s proposed plan for a national securities regulator has received a warm welcome by the financial industry. Members of the industry are certain that, when passed, the national watchdog will bring in cost effectiveness, improved governance and improved investor confidence. “I’m quite pleased with a number of […]

By Vikram Barhat |May 27, 2010

3 min read

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More pension options needed for self-employed: OMA

Blog Polls The Ontario Medical Association is petitioning the federal minister of finance to consider changing the Income Tax Act to help self-employed doctors to establish pension plans. “Factors including an aging population retiring earlier, diminishing personal RRSP contributions and limited social security funding have led the OMA to call for more pension options to […]

By Matthew Sylvain |May 26, 2010

2 min read

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