News and resources for Canada's top financial advisors
Industry
Like most of the real estate investment industry, real estate investment trusts (REIT) are struggling. They have an additional hurdle, which is deciding whether to continue to pay out substantial tax-advantaged distributions to income investors, or cut payouts and save money for future growth. To cut or not to cut became a subject of panel […]
By Mark Noble |April 14, 2009
5 min read
The Canadian mutual fund industry lost one of its founding luminaries today. C. Warren Goldring, co-founder and Honorary Chairman of AGF Management Ltd. has passed away. He was 81. Warren Goldring has not been directly involved in the company’s operations for more than a decade. “Warren was a great father, friend and colleague whose mentorship […]
By Steven Lamb |April 14, 2009
2 min read
The Ontario government has passed a motion calling on the province’s securities regulator to review current corporate reporting standards and to produce recommendations for enhanced disclosure. The resolution calls on the Ontario Securities Commission to review its current reporting requirements, consult with concerned stakeholders and to produce recommendations to enhance disclosure. The OSC should be […]
By Doug Watt |April 13, 2009
An overheated real estate market in North America was one of the culprits of this financial crisis. Those looking for a quick recovery in the sector are going to be sorely disappointed according to some of the top property buyers on the continent. Speaking at CIBC’s 14th annual North American Real Estate Conference, representatives of […]
By Mark Noble |April 13, 2009
BMO Capital Markets has announced the hiring of senior investment banker Eric Luftig as managing director in its leveraged finance group in New York City. “Eric’s experience in private placements, including 20 years of solid deals, complements our team’s overall mandate as we look to broaden our lead role participation in the leveraged financing arena,” […]
By Staff |April 13, 2009
1 min read
Sprott Asset Management’s “Night with the Bears”, offered much of what one would expect to hear at a survivalist meeting, but it was glitzy production attended by Toronto’s financial elite. The event’s organizer and speaker, Eric Sprott, chairman and CEO of Sprott Inc. conceded “he should have sold tickets.” The draw for the event were […]
By Mark Noble |April 9, 2009
Barclays PLC announced it’s struck a deal to sell its U.S.-based asset management business iShares to Blue Sparkle LP, a limited partnership established by European private equity group CVC Capital Partners Group. The deal is valued at $4.4 billion, with Barclays making a net profit of $2.2 billion. The firm has been seeking an infusion […]
By Steven Lamb |April 9, 2009
Canada shed another 61,000 jobs in March, all in full-time work, according to Statistics Canada. The decrease pushed the unemployment rate up 0.3 percentage points to 8.0%, the highest in seven years. The speed at which employment has crumbled is much more severe than the unemployment rate suggests. Since peaking in October 2008, employment has […]
By Staff |April 9, 2009
4 min read
Earlier this week, TD Canada Trust chairman Ed Clark warned Canadians against complacency: we may have dodged the first bullets, but there are more to come. Among the reasons he cited were that, with the drying up of securitization markets, banks would have to keep more loans on their books. Also, as foreign banks mend […]
By Scot Blythe |April 9, 2009
The Canadian Life and Health Insurance Association (CLHIA) has issued a statement welcoming the initiatives announced by the G-20 leaders last week in London. “We believe that the G-20 has charted a new course for bringing long-term stability to the global financial services sector,” said Frank Swedlove, CLHIA president. “The G-20 has adopted measures to […]
By Staff |April 8, 2009
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