Industry News

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On The Shelf: Fidelity replaces Goudie on key funds

(August 18, 2008) Fidelity Investments Canada has announced changes to the management of a handful of global and international fund portfolios. Cesar Hernandez will assume lead portfolio manager responsibilities on the Fidelity International Disciplined Equity Fund and Fidelity Overseas Fund, succeeding Chris Goudie. At the same time, Hernandez and his team will take over the […]

By Staff |August 18, 2008

2 min read

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Dealers take on FINTRAC training

If your dealership hasn’t already done it, here’s something you might expect in the near future — FINTRAC-mandated training on the revised anti-money laundering regulations, which came into effect this June. Some firms have already started. Just last week, Interglobe Financial Services Corp. and Blonde & Little Financial Services Ltd. jointly conducted a one-hour web-based […]

By Kanupriya Vashisht |August 18, 2008

4 min read

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Slower mortgage payments could mean more money for investments

There’s no shortage of advisors suggesting that clients look to the struggling markets for bargains, but not everyone has the cash to buy extra stocks. One way to shore up some dollars is by getting your client to stop aggressively paying down his mortgage, and use the funds on equities instead. With mortgage rates as […]

By Bryan Borzykowski |August 18, 2008

4 min read

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(August 15, 2008) The fallback in U.S. housing prices is far from over, a new report by TD Economics says. If housing prices are looked at from a historical and regional perspective, the nature of the crisis is not as severe as some may think. Examining the performance of house prices in the 20 major […]

By Staff |August 15, 2008

4 min read

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Back-to-school tax tips

In the next few weeks Canada’s university students will be heading to their nearest big-box store to load up on pens and notebooks, but they also might want to consider visiting an accountant. John Wonfor, a national tax partner at BDO Dunwoody, in conjunction with the Institute of Chartered Accountants of Ontario, released a list […]

By Bryan Borzykowski |August 15, 2008

3 min read

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Fund sales experience dramatic drop: IFIC

It’s been bad month after bad month for the fund industry, as sales numbers keep falling, but July saw one of the poorest performances ever for the industry. According to new statistics released by the Investment Funds Institute of Canada, total industry assets were $685.4 billion at the end of July, down from $700.1 billion […]

By Bryan Borzykowski |August 15, 2008

2 min read

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On The Shelf: Invesco Trimark adds new T-FLEX funds

(August 14, 2008) Soon-to-be retired clients usually have different investing styles than they did in their 30s. With that in mind, Invesco Trimark has created a number of new T-FLEX funds to bring more choice to people entering their non-working years. The company has created eight new T-FLEX options — bringing the total number of […]

By Staff |August 14, 2008

1 min read

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By The Book: Wirth Associates fined $3,500 by BCSC

(August 14, 2008) It seems as though most investment firms would know not to conduct transactions without being registered, but apparently not everyone’s received the memo. Ontario-based Wirth Associates was fined $3,500 by the British Columbia Securities Commission for doing business in B.C. without registering under that province’s Securities Act. The offence took place between […]

By Staff |August 14, 2008

1 min read

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(August 14, 2008) Thanks to Canada’s energy explosion, the Canada Pension Plan fund saw its coffers fatten by $5 billion between April 1 and June 30. That pushed the fund’s assets under management up to $127.7 billion, up from the previous quarter’s $122.7 billion. Of the windfall, $1.3 billion came from a 1% rate of […]

By Staff |August 14, 2008

2 min read

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Financial planning gets a regulator

The Investment Industry Regulatory Organization has become the first regulator to propose rules about how its members supervise the non-securities related — or “financial planning” — business of their advisors. While the rules are broad in definition, they could potentially change the way dually licensed advisors do business. The proposed rule, which was introduced at […]

By Mark Noble |August 14, 2008

5 min read

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