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The Financial Services Commission of Ontario has named Philip Howell as the new CEO and Superintendent of Financial Services for the organization, effective August 19, 2009. Prior to the appointment, Howell served as the Deputy Minister of Economic Development for the Ontario government, and has held previous roles including Deputy Minister of Tourism. He holds […]
By Staff |August 19, 2009
2 min read
Foreign investors bought $10.5 billion in Canadian securities in June, with the total spread across debt, money market and equity issues. Canadian bonds attracted $5.5 billion in foreign investment, splitting that amount between new and existing issues. Secondary market purchases of federal debt totalled $5.3 billion, while provincial bonds were sold off to the tune […]
By Staff |August 18, 2009
4 min read
Pretty soon, financial planners who are members of the Financial Planning Association (FPA), which administers the Certified Financial Planner designation in Australia, will have to give up the practice of receiving a trailing commission from investment product providers if they wish to continue membership. According to news reports, under the FPA proposal, members holding themselves […]
By Mark Noble |August 18, 2009
Almost one quarter (23%) of Canadians say the economic downturn has affected their sleep and appetite, according to the ninth annual National Report Card survey of 3,223 Canadians by the Canadian Medical Association (CMA). For those with less than a university degree, this figure goes up to one in three. And nationally, nearly one in […]
By Staff |August 17, 2009
3 min read
Canadian investors sold off mutual funds in July, pushing net redemptions to $1.52 billion, according to the Investment Funds Institute of Canada. That’s near the lower end of preliminary IFIC estimates of between $1.4 billion and $1.9 billion in net redemptions. The sell-off was nearly double that of June, which saw net redemptions of $834.7 […]
By Steven Lamb |August 17, 2009
Desjardins Group has announced the appointment of Christiane Bergevin to the position of executive vice-president, strategic partnerships, office of the president of Desjardins Group. Her new duties involve analyzing and carrying out business partnerships, acquisitions or other development projects for Desjardins in Québec, across Canada or abroad, in support of Desjardins Group’s major business sectors. […]
By Staff |August 14, 2009
1 min read
We talk to a lot of advisors, and every once in awhile they let their hair down and tell us some of the funny things they encounter on the job. • • • An advisor in the Maritimes has a lot of clients who happen to be police officers, some of whom work undercover. Not […]
By Philip Porado |August 14, 2009
Reckless risk is out. Guaranteed returns are in. And as more and more recession-ravaged seniors face the reality of depleted portfolios, and uncertain financial futures, products with minimal risk and guaranteed returns are increasingly becoming the flavour of the market. The oft-touted market mantra — buy and hold — has proven dangerous, says Bruce Cumming, […]
By Kanupriya Vashisht |August 14, 2009
5 min read
Last week an article on Advisor.ca addressed the use of covered call options to get clients back into equities. Options are not limited to equity investing, they can also be used to limit your client’s portfolio volatility, which makes them an attractive strategy for a wide range of investors. Using options is a go-to strategy […]
By Mark Noble |August 14, 2009
Canadians are showing more confidence in the economy’s future, according to results from the TNS Canadian Facts’ Consumer Confidence Index. The index increased by 6% to 99.2 from 93.4 in July. Each of the three indices that produce the overall index posted sizeable increases in August. The Present Situation Index, which captures evaluations of the […]
By Staff |August 13, 2009
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