Industry News

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Briefly:

With the income tax filing deadline fast approaching, Canada Revenue Agency wants to reiterate that cheating on taxes is not only wrong, it’s illegal. The CRA says tax cheats face fines, penalties, and even jail, in addition to the fact they must always pay the taxes they tried to evade. In 2007/2008, the CRA says […]

By Staff |April 17, 2009

3 min read

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Friday’s close: Blythe on blogs and your must-read news

It’s the end of another week and you’re running out the clock. Here’s our collection of recommended reading material to get the weekend off to good start. Scot Blythe’s take on the blogosphere this week is especially interesting. In it, he examines the spirited commentary that accompanies crisis moments in the financial markets. Among our […]

By Staff |April 17, 2009

2 min read

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Briefly:

Goodman & Company announced today it will temporarily reduce management fees charged to unitholders of the Dynamic Money Market Fund and the Dynamic Money Market Class, in order to maintain a positive yield for investors in the face of low short-term interest rates. For now, the company will only charge 0.25% on all series of […]

By Staff |April 16, 2009

3 min read

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Fund managers get back on the bull

What a difference a 30 days can make. After months of record pessimism amongst asset managers, sentiment is now bullish, according to Merrill Lynch’s survey of global fund managers. Surveying 214 fund managers who cumulatively manage a total of $561 billion U.S., Merrill Lynch’s report categorizes respondents as “reluctant bulls” who are not yet ready […]

By Mark Noble |April 16, 2009

3 min read

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Briefly:

The recession is changing a lot of assumptions that were used in financial planning. Perhaps the most pronounced is that Canadian boomers are readjusting their retirement dates in an effort to shore up their savings and secure their future income stream. But a study released today by the BMO Retirement Institute suggests that many are […]

By Staff |April 15, 2009

5 min read

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Bond funds selling, equity funds extend slump

While others stress the negative effect that market performance is having on portfolios, the Investment Funds Institute of Canada says market performance is primarily responsible for month-over-month gains being reported for March. “Industry asset growth was very strong in March as fixed income and equity markets both at home and abroad performed particularly well,” say […]

By Kate McCaffery |April 15, 2009

3 min read

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Time to revisit needs analysis

Canadians are grossly underinsured and clients are likely open to increasing coverage in the current market environment, according to a new survey conducted by Manulife Financial. It may be the perfect opportunity to offer an insurance needs analysis. Manulife Financial recently conducted a survey of more than 600 Canadians, between the ages 25 to 45, […]

By Mark Noble |April 15, 2009

4 min read

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Briefly:

Claymore Investments has announced that its Premium Money Market ETF has shifted to a T+1 settlement regime, putting the product on an equal footing with money market securities and mutual funds. “We have worked hard with the Toronto Stock Exchange to be able to provide this feature,” said Som Seif, president and CEO, Claymore Investments. […]

By Staff |April 14, 2009

1 min read

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CAIA acquires Canadian hedge fund site

One of internet’s most influential alternative investing sites, the Canadian-based AllAboutAlpha.com has been acquired by U.S.-based Chartered Alternative Investment Analyst Association. The Toronto-based AllAboutAlpha.com, which was founded by hedge fund commentator, Christopher Holt in 2006, is a blog format education site that covers a number of sectors in the alternative investment space. Some of this […]

By Mark Noble |April 14, 2009

2 min read

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Where compliance meets risk

For many, compliance is about know your client forms and trade blotters — that which is circumscribed by securities regulation. That model, however, may well be broken, not so much because of what it prescribes, but because of what it leaves out. The financial crisis has highlighted two issues. The first is that risk comes […]

By Scot Blythe |April 14, 2009

4 min read

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