Industry News

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Many gaps remain in Canadian estate plans

Canada’s boomers are well aware of what the recent market meltdown has done to their investment accounts, but they seem to think their expected inheritances from their parents will be largely unscathed. A survey conducted for BMO Retirement Institute found that almost 30% of boomers are expecting to receive an inheritance, and 70% of those […]

By Steven Lamb |July 15, 2009

2 min read

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Leveraged ETF debate continues

Despite relatively widespread media coverage and a formal warning from the Investment Industry Regulatory Organization of Canada (IIROC), one investment group continues to call for more rules to govern the sale of leveraged exchange traded funds (ETFs). The Canadian Foundation for the Advancement of Investor Rights continues to call for greater regulation of leveraged ETFs, […]

By Mark Noble |July 15, 2009

5 min read

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The Bank of Canada’s latest survey suggests the economy could see a growth surge of 10% for one or two quarters in 2010. But the loftiest private sector forecast, including Merrill Lynch’s conservative estimate, is well under 4%. The Bank’s Business Outlook Survey did an abrupt about-face in the second quarter, with a read of […]

By Staff |July 15, 2009

1 min read

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Investors shunned safety in June: IFIC

Heartened by a gradual summer thaw in the markets, Canadian investors emerged from their shells in June and gingerly abandoned the safety of money market funds, according to recent statistics released by the Investment Funds Institute of Canada (IFIC). Money market funds recorded net redemptions totalling $2.8 billion in June, up from $992.9 million in […]

By Kanupriya Vashisht |July 15, 2009

3 min read

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The Canadian Coalition for Good Governance has named David Denison, president and chief executive officer of the CPP Investment Board (CPPIB), as its new Chair. Denison succeeds Doug Pearce, CEO of BC Investment Management Corporation, whose three-year term as chair expired. “As we look ahead, we will continue to seek progress on our key focus […]

By Staff |July 14, 2009

3 min read

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Latest scam shows need for disclosure

The financial advice industry has been tarnished once again by someone from outside the business as Montreal’s “mini-Madoff” made headlines across the country. In fairness, to call Earl Jones a financial advisor is akin to calling the accused in a stabbing case a surgeon, since he was not registered with securities regulators, not affiliated with […]

By Steven Lamb |July 14, 2009

2 min read

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Canadians oblivious to improving markets

Canadian investors remain cynical despite a steady thaw in the economy, mostly because they are still unaware of the green shoots. A Franklin Templeton survey reveals that 50% don’t even know the Toronto Stock Exchange performed well over the past five months — a period that has seen a 31% increase in the S&P/TSX Composite […]

By Kanupriya Vashisht |July 14, 2009

2 min read

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First guaranteed target date fund matures…early

While the whole guaranteed target date fund industry is still in early adoption stages, the first of the funds have matured nine months early because it’s virtually impossible for the funds’ performance to exceed their current maturity value. For IA Clarington, the target date fund process has been a success. The firm recently announced an […]

By Mark Noble |July 14, 2009

3 min read

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Douglas G. Hall, chair, Nova Scotia Business Inc. The Honourable David L. Emerson, executive chair, British Columbia Transmission Corporation The Honourable David L. Emerson, executive chair, British Columbia Transmission Corporation Douglas G. Hall, chair, Nova Scotia Business Inc. The Honourable Tom Hockin, chair, Expert Panel on Securities Regulation Harold MacKay, former managing partner and chairman, […]

By Staff |July 13, 2009

3 min read

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When not to IPP

While individual pension plans can be a sound solution for some entrepreneurs and executives, when it comes to retirement planning, one size never fits all. Mike Lynch, corporate specialist with Lynchpin Wealth and Transition Management, says IPPs tend to be somewhat oversold, but notes they aren’t optimal for a majority of Canadian small businesses that […]

By Kanupriya Vashisht |July 13, 2009

4 min read

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