Industry News

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Scotia Capital has announced the expansion of the U.S. stock lending business within its Global Equity Finance Group, adding five members to the team. “The addition of agency services as part of our prime brokerage offering secures a strong foothold for Scotia Capital and our Equities business,” said Patrick Burke, managing director and head of […]

By Staff |September 1, 2009

3 min read

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Harrop and Invesco part ways

Invesco Trimark has announced changes to its global equities team, announcing the departure of vice-president and portfolio manager Bruce Harrop. “It was mutually agreed between Invesco Trimark and Bruce Harrop that new leadership for Trimark Select Growth Fund and Trimark Global Balanced Fund was in the best interest of investors in the funds,” the company […]

By Steven Lamb |August 31, 2009

2 min read

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As the global economy recovers from a crisis started in the financial services industry, there has been much focus on the stability of banks around the world. Canadian banks have been held up as a model for the world, and yet, only one cracked the top 10 in a list of the world’s safest banks, […]

By Staff |August 31, 2009

3 min read

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Mutual Fun

Thanks to your excellent contributions, we continue our Friday feature in which advisors from coast-to-coast let their hair down and tell us some of the funny things they’ve encountered on the job. Keep ’em coming! Typographical Errors? An advisor in Alberta had a client who insisted she didn’t want mutual funds and asked that her […]

By Philip Porado |August 28, 2009

3 min read

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HNW investor mindset changes dramatically

If there’s one group of clients whose outlook on the markets has changed, it’s the high-net-worth (HNW) group. Studies are showing that the biggest seismic shift in investor attitude during the downturn is among this group. This means, advisors may have to alter their portfolio strategies. Before the downturn, HNW investors generally had a higher […]

By Mark Noble |August 28, 2009

4 min read

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RBC Insurance plans management overhaul

RBC Insurance has undertaken a major overhaul of its executive suite, designed to integrate executive functions, and design and delivery strategies across the insurance product spectrum. An internal memo obtained this morning by Advisor.ca, issued on behalf of RBC Insurance president and CEO Neil Skelding, lists detailed changes in structure and executive responsibilities with a […]

By Al Emid |August 28, 2009

3 min read

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The Government of Canada will issue U.S.-dollar-denominated bonds to the global market, marking the first such issue in more than a decade, according to a press release from the Department of Finance. The timing of the issue has yet to be announced, with the department saying it would be “in the near future.” The size […]

By Staff |August 28, 2009

1 min read

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Scotia’s insurance play aims to gain depositors

Scotiabank is hoping its foray into Ontario’s property and casualty (P&C) insurance market will net the company a few new banking customers, said Scotiabank senior vice president and Insurance Canada head Mark Cummings. While stressing that there are currently no plans to market banking products to Scotiabank’s insurance clients, Cummings expects that some new policyholders […]

By Alex Vizer |August 27, 2009

2 min read

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Canada’s banking regulator should license and approve all financial instruments available to investors in the country, even if they originate in the U.S., a report recommended yesterday. The report by two economists at the Canadian Centre for Policy Alternatives, a left-leaning think tank, advocated for a rapid creation of a single securities regulator to ensure […]

By Staff |August 27, 2009

3 min read

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Global investor confidence rose by 3.5 points to 122.9 from July’s level of 119.4, while the confidence of North American institutional investors declined slightly by 2.2 points, from 120.6 to 118.4, according to results from the State Street Investor Confidence Index for August 2009. The index showed that confidence among Asian investors fell 2.3 points, […]

By Staff |August 26, 2009

4 min read

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