Industry News

Decorative pattern

World values

If there’s any manager who knows a thing or two about what is going on beyond Canada’s borders it’s Gerald Cooper-Key. The Calgary-based manager of Mawer Investment Management’s World Investment Fund has been seeking out undervalued companies for nearly two decades. Not only is his fund seeing an 11.84%, five-year average return, but Cooper-Key was […]

By Bryan Borzykowski |October 9, 2008

9 min read

Decorative pattern

Briefly:

(October, 8, 2008) The persistent turmoil in the financial markets has prompted RBC to downgrade its growth outlook for Canada. RBC expects Canada to eke out a positive growth of 0.9% this year, a fairly substantial downgrade from its previous estimate of 1.4%. “The continued weakness in the U.S. economy is expected to dampen growth […]

By Staff |October 8, 2008

4 min read

Decorative pattern

Front End Load: Bankrupts keep RRSPs

Prior to July 7, Canadians forced into bankruptcy could kiss their entire retirement savings goodbye. But thanks to a new rule implemented at the beginning of the month, creditors can no longer raid a client’s RRSP savings. The rules also apply to RRIFs and deferred profit-sharing plans. Terri Williams, CFP and director of educational services […]

By Bryan Borzykowski |October 7, 2008

2 min read

Decorative pattern

Front End Load: Reconsider the rules

The current federal tax policy that requires seniors to make minimum withdrawals from registered retirement income Funds (RRIFs) no longer makes sense in an environment of increased longevity risk and low interest rates, a study released by the C.D. Howe Institute argues. Currently, after canadians reach age 71, they must transfer their RRSP assets into […]

By Mark Noble |October 7, 2008

1 min read

Decorative pattern

Briefly:

(October 7, 2008) While many Canadian employers face retirement levels of 20% or more over the next five years, most admit that they are not fully prepared to deal with this important issue, according to a survey. The Human Resources Professionals Association (HRPA)/Life’s Next Steps survey finds that 26% of employers expect up to 20% […]

By Staff |October 7, 2008

4 min read

Decorative pattern

Scotiabank scores CI stake from Sun Life

In one quick move, the entire wealth management industry in Canada has been transformed. Sun Life has agreed to sell its 37% stake in CI Financial Income Fund to Scotiabank. The sale has made Scotiabank a big player in wealth management overnight and presumably gives CI the distribution network it has so long desired to […]

By Mark Noble |October 6, 2008

1 min read

Decorative pattern

Briefly:

Implementing a regulatory framework applicable to credit rating agencies that would require compliance with the recently amended code of conduct established by the International Organization of Securities Commissions (IOSCO); Implementing a regulatory framework applicable to credit rating agencies that would require compliance with the recently amended code of conduct established by the International Organization of […]

By Staff |October 6, 2008

4 min read

Decorative pattern

Fund redemptions soar in September

Canadian investors lost their nerve in September, yanking up to $5 billion out of mutual funds, according to preliminary estimates by the Investment Funds Institute of Canada. Total net redemptions for the industry were between $4.4 billion and $4.9 billion. “September saw a sizeable decrease in both assets and sales due to the financial situation […]

By Steven Lamb |October 3, 2008

2 min read

Decorative pattern

Briefly:

(October 3, 2008) CIBC has reached a deal with a fund led by Cerberus Capital Management that the bank says will significantly reduce its exposure to the American subprime mortgage market. Under the arrangement, the Cerberus fund will invest just over $1 billion US in CIBC’s U.S. residential real estate portfolio, which includes residential mortgage-backed […]

By Staff |October 3, 2008

1 min read

Decorative pattern

On The Shelf:

(October 2, 2008) Russell Investments Canada has announced the appointment of Marsico Capital Management to the management team of the Russell Global Equity Pool, part of the Russell Sovereign Investment Program. Marsico has also been added to the management team of the Russell Global Equity Fund. In both instances, Marsico replaces AllianceBernstein. • • • […]

By Staff |October 2, 2008

2 min read

← Previous 1 … 1,812 1,813 1,814 1,815 1,816 … 2,188 Next →