Industry News

Decorative pattern

Industry

Venture capital money continues to dry up

It may be no surprise given the current economic climate, but investments in Canada’s venture capital market reached a 12-year low in 2008. Venture capital investment dropped 36% last year, from $2.1 billion in 2007 to $1.3 billion in 2008, according to the industry’s statistical report released today by Canada’s Venture Capital & Private Equity […]

By Mark Noble |February 17, 2009

3 min read

Decorative pattern

Industry

Fund sales turn positive in January

Investors dipped their toe back into the mutual fund market, but maintained their risk-averse stance in January, according to IFIC’s final tally of fund sales. The industry as a whole reported net sales of $1.17 billion in January, compared to industry-wide net redemptions of $792 million in December, and $977.2 million in November. Net sales […]

By Steven Lamb |February 17, 2009

2 min read

Decorative pattern

Industry

Briefly: “Public sees banks as solid” and more of Tuesday’s news

Repeated press reports on the stability of the Canadian banking system appear to have convinced the public that the system is rock solid, according to a report by PricewaterhouseCoopers. The firm’s Annual Banking Survey found 85% had confidence in the system, and 84% said it was one of the best in the world. “Canadians are […]

By Staff |February 17, 2009

2 min read

Decorative pattern

Industry

Mutual funds face paradox of thrift

As consumers tighten their belt in the face of recession, savings rates could jump from their current 3% to the double digits that prevailed in the 1980s. That would be good news for banks, money market funds and government bond issuers, says Toronto consultancy Investor Economics in its year-end wrap-up of the mutual fund industry. […]

By Scot Blythe |February 13, 2009

3 min read