Industry News

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ING Canada’s insurance arm becomes Intact Insurance

Under Dutch ownership, it carried the name of its financial giant parent. As a wholly-owned Canadian company, the former ING Insurance Company of Canada will be known as Intact Insurance, the new company announced this afternoon. The new name — its logo is a simple wordmark bracketed in red — is a step away from […]

By Terri Goveia |February 23, 2009

2 min read

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Fund industry job losses a sign of the times

Most people in the fund business are hard pressed to remember a more difficult time. Like other industries, the money management sector is feeling the heat of the massive global recession, which has necessitated trimming back the workforce. The latest fund company to trim its workforce is Toronto-based AGF, which confirmed 42 departures on Wednesday […]

By Mark Noble |February 20, 2009

4 min read

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ABCP needs transparency, disclosure: SIO

The route to regulatory repair of Canada’s besieged asset-backed commercial paper (ABCP) market is through mandated transparency and disclosure, according to a submission on the recent ABCP crisis by the Social Investment Organization (SIO), the national association for socially responsible investment. Canada’s $35 billion non-bank ABCP market ground to a halt in August 2007, largely […]

By Doug Watt |February 20, 2009

3 min read

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Week in review: February 16-20, 2009

Welcome to the weekly roundup of news affecting you, as covered by Advisor.ca and our sister publication, Conseiller.ca. Read this section every week to catch up on the news you missed, or click here and subscribe to get regular updates sent to your inbox or BlackBerry. Skip to: Quick links, stories this week. Or click […]

By Kate McCaffery |February 20, 2009

8 min read

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Briefly: “RiskMetrics buying Innovest” and more of Friday’s news

Two of the world’s leading providers of environmental, social and governance (ESG) research and analysis are joining forces. RiskMetrics Group has announced plans to acquire Innovest Strategic Value Advisors. Both firms are headquartered in New York, though Innovest also has a Toronto office. The acquisition of Innovest and its team of experts, led by co-founders […]

By Staff |February 20, 2009

4 min read

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Aging infrastructure offers investment opportunities

As federal and provincial governments prepare to pour money into Canada’s infrastructure, the prevalence of public-private partnerships may prompt institutional and private investors alike to significantly increase their allocations to this profitable sector, according to one expert. Speaking at the Alternative Investments for Institutional Investors seminar in Toronto, David McFadden, chair of the Gowlings National […]

By Jody White |February 19, 2009

2 min read

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Fund managers look to China

The U.S. Congress may have passed its stimulus package, with another plan in the works for homeowners, but it is renewed optimism about China’s economic growth that is most exciting to fund managers, according to a report from Merrill Lynch. The February edition of the Merrill Lynch Survey of Fund Managers shows hopes at their […]

By Steven Lamb |February 19, 2009

2 min read

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Briefly: “Canadians evenly split on markets” and more of Thursday’s news

There is no shortage of opinions on the direction financial markets will take, but a recent survey finds that sentiment among average Canadians is split almost perfectly into three camps. An Angus Reid poll conducted for Franklin Templeton Investments found that 33% of Canadians are feeling opportunistic ahead of the RRSP contribution deadline. These respondents […]

By Staff |February 19, 2009

2 min read

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Briefly: “Boomers seen delaying retirement” and more of Wednesday’s news

More than one-third (37%) of boomers who own their own business are planning to put off their retirement due to the current economic situation, according to the 19th Annual RBC RRSP Poll. Among all boomers, the percentage who said they were delaying retirement was much lower, at 28%. As for how long they will put […]

By Staff |February 18, 2009

4 min read

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Ian Thow arrested in Oregon

Accused fraudster Ian Thow has been arrested by U.S. Marshals outside his condominium in Portland, Oregon. The former senior vice-president of Berkshire Investment Group allegedly bilked investors to the tune of $10 million. Thow allegedly sold clients non-existent investments, pocketing the cash to fund an extravagant lifestyle that included private jets and luxury automobiles. Some […]

By Staff |February 18, 2009

3 min read

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