Industry News

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ETF tax advantages

The three key characteristics that make exchange–traded funds (ETFs) tax-efficient are easily defined. They are: Index-based ETFs have extremely low turnover. Transactions trigger gains taxable in the hands of unit holders. The redemption of ETFs allows for in-kind transfers, allowing sponsors to transfer out the lowest cost shares without incurring tax. This maintains the adjusted-cost […]

March 2, 2010

4 min read

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Final Words: Budget’s best, worst

Prior to the budget’s release, we asked advisors for a wish list of items they’d like to see included in the document. Many got their wishes granted, and now that the Commons has moved on to parsing its contents, we asked those same advisors to tell us where they thought the budget did, and didn’t, […]

By Philip Porado |March 1, 2010

3 min read

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Briefly:

Advisors at Edward Jones are now able to refer clients to the products offered by Manulife Bank, after the brokerage inked a deal with Manulife to integrate debt-management and banking solutions into financial plans. Among the products being offered is the Manulife One account, which essentially allows the client to use their home as a […]

By Staff |March 1, 2010

2 min read

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Briefly:

The Ontario Securities Commission has created the Investor Advisory Panel, which will provide input on the regulator’s work, including proposed rules and policies, the annual Statement of Priorities, concept papers and specific issues. “While we currently receive comments from investors through our notice and comment process, we believe investors could be better represented in that […]

By Staff |February 26, 2010

2 min read

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Briefly:

Laurentian Bank is reaching out to the 73% of Quebecers who are without a retirement plan. To help prepare them financially, Laurentian Bank is offering a range of adapted services and has hired 20 new financial planners to better serve the needs of their clientele. Free of charge, Laurentian advisors will provide clients with retirement […]

By Staff |February 25, 2010

2 min read

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Commodities seen gaining strength

Commodities started 2010 off on a strong note, with the price Canada’s top export materials jumping 4.8% in January, according to the latest reading of the Scotiabank Commodity Price Index. Prices spiked in early January as a cold snap in the northern hemisphere drove energy prices higher, and base metals rose on speculative demand from […]

By Steven Lamb |February 25, 2010

2 min read

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Indices continue to lead: SPIVA

It was tough for active fund managers to beat the S&P/TSX Composite in 2009, according the full year Standard & Poor’s Indices Versus Active Funds Scorecard (SPIVA). Only 30.4% of Canadian Equity active funds posted returns superior to the S&P/TSX Composite Index. Canadian small- and mid-cap equity managers were better able to beat their index, […]

By Steven Lamb |February 25, 2010

2 min read

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Being a woman in a man’s world

Throughout her successful career, Lori Claxton had to push herself to be better and smarter because of the gender stereotypes that pervade the industry. And even though things are much better than they once were, some clients still gravitate toward her business partner for no other reason than he is a man. Despite those snubs, […]

By John Powell |February 24, 2010

3 min read

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Industrial Alliance Insurance and Financial Services has launched a new venture into the U.S. market, with IA American Life Insurance Company, headquartered in Scottsdale, Ariz. The Quebec-based insurer already operates south of the border with IA Pacific. “We’re excited about this opportunity to increase our presence in the U.S. and build on our recent successes […]

By Staff |February 24, 2010

2 min read

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Briefly:

RBC has expanded its insurance product line, with the launch of a new universal life offering, along with a new Term 100 product and enhanced Term 10 and Term 20. The RBC Universal Life policy has preferred rates from age 40 for coverage from $250,000. Additional features include interest options that are linked to 15 […]

By Staff |February 23, 2010

3 min read

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