Industry News

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Budget opts for austerity plan

Canada’s military and the world’s downtrodden were the biggest losers in federal Finance Minister Jim Flaherty’s latest budget, unveiled Thursday in Ottawa. It lays out a plan to return to balanced budgets by the middle of this decade, which contemplates reduced growth in spending on defence and international aid. The plan was largely consistent with […]

By Matt McClearn |March 4, 2010

4 min read

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Too few women in Canada’s boardrooms: study

Despite great strides toward gender equality in most Canadian workplaces, corporate boardrooms remain biased against women, a recent study shows. Catalyst, an international organization that aims to promote women in business, unveiled their most recent study, the 2009 Catalyst Census: Financial Post 500 Women Board Directors, earlier today. The census shows that in 2009, just […]

By Laura Busch |March 4, 2010

3 min read

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Briefly:

American consumer confidence has risen in early March, recovering from a slump in February, according to the latest reading of the RBC CASH (Consumer Attitudes and Spending by Household) Index. The index soared 18.8 points to 58.2 in March, as consumer outlook for their own economic condition and the job market improved. “The volatile results […]

By Staff |March 4, 2010

3 min read

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Fund sales soar in February

The Canadian mutual fund industry capped off RRSP season with a flurry of sales, with investors buying between $2.75 billion and $3.25 billion worth of funds in February, according to preliminary estimates from the Investment Funds Institute of Canada. “With long-term fund sales close to $5 billion for February and above the $8 billion mark […]

By Steven Lamb |March 3, 2010

2 min read

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Gavin Graham joins Excel Funds

Gavin Graham, the 30-year veteran of money management in London, Hong Kong, San Francisco and Toronto, has signed on as global strategist with Toronto-based Excel Funds Management Inc. His range of responsibilities includes working with the advisor channel. Bringing Graham onboard helps shore up Excel Funds’ claim on the emerging markets sector. Graham left his […]

By Al Emid |March 3, 2010

3 min read

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Budget 2010: Wait until next time

Being the Minister of Finance is a thankless task at the best of times and these, my friends, are the worst of times. For other ministers and government backbenchers there have been numerous opportunities for photo-ops with constituents as they announce new infrastructure programs or industry grants designed to kick-start the economy. The tax breaks […]

By Don McIver |March 3, 2010

4 min read

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Briefly:

The number of personal bankruptcies skyrocketed in 2009. According to The Office of the Superintendent of Bankruptcy, 151,712 Canadians filed for personal bankruptcy or for a consumer proposal last year. New federal bankruptcy rules increased the cost of filing for bankruptcy, causing a number of Canadians to file consumer proposals instead. The sharp 31% increase […]

By Staff |March 3, 2010

3 min read

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Budget 2010: An advisor wish list

As a warm up to the federal 2010 budget, we asked advisors what their dream budget would look like. And they sure spoke up. Here’s a wish list of things they think would make their jobs easier and their clients happier. James Hymas, president, Hymas Investment Management Inc. • A clear-cut plan for a balanced […]

By Kanupriya Vashisht |March 3, 2010

6 min read

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Canadian fund returns golden in February

They flopped in January but flew in February. Canadian investment funds focused on domestic equities and sector-specific funds which hold predominantly Canadian content posted strong returns in February, according to Morningstar Canada. Thirty-four of the 43 Morningstar Canada Fund Indices posted gains led by the Morningstar Precious Metals Equity Fund Index with its 6.8% return. […]

By John Powell |March 2, 2010

2 min read

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Briefly:

BMO Investments has announced changes to the portfolio management of the BMO Sustainable Opportunities Class and BMO Sustainable Climate Class. The funds were managed by SAM Sustainable Asset Management AG. That arrengement will end on or before June 30, 2010. BMO has commenced a search for a new portfolio manager, to be announced by that […]

By Staff |March 2, 2010

3 min read

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