Industry News

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Industry

Briefly: “DundeeWealth shuffles senior management” and more news

DundeeWealth has moved around a couple of its top executives into new positions within the company. David Whyte has been announced as the company’s vice-chair and chief operating officer. Whyte, a 30-year veteran of the mutual fund industry, has been with DundeeWealth since 2005 and was most recently the vice-chairman of distribution and investments of […]

By Staff |March 3, 2009

3 min read

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Industry

There’s risk in that yield

“Get paid to wait” has become the mantra of many advisors these days who recommend clients load up on dividend- and income-yielding securities that will keep them in the market and pay them until prices recover. But investors need to be wary, as distributions are not as stable as they once were. Traditionally, income trusts […]

By Mark Noble |March 2, 2009

5 min read

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Industry

Major pension funds speak out on credit crisis

A group representing hundreds of the world’s largest pension funds says institutional investors must accept their share of responsibility for the “the largest financial crisis in a generation.” Signatories to the United Nations Principles for Responsible Investment, including the Canada Pension Plan Investment Board and Quebec’s Caisse de dépôt et placement, issued a joint statement […]

By Doug Watt |March 2, 2009

2 min read

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Industry

Briefly: “Canadian economy posts biggest decline since 1991” and more news

Canada’s economy contracted at an annual pace of 3.4% in the fourth quarter of 2008 — its worst performance since 1991 — due to the global recession, according to Statistics Canada. Canadian exports fell for the sixth consecutive quarter, by 4.7%, while imports were down 6.4%. “Declines were registered for both goods and services imports, […]

By Staff |March 2, 2009

4 min read