Industry News

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U.S. inflation to send wages, Fed rate higher

Interest rates south of the border will rise dramatically in 2009, as the Federal Reserve is confronted later this year by a top-line inflation rate of 6%, according a new report out of CIBC World Markets. The culprit in this scenario is, not surprisingly, bubbling crude — oil, that is. While the high cost of […]

By Steven Lamb |July 30, 2008

3 min read

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Allocating your client’s buyout

“I think the topic is part of a bigger personal finance issue regarding how much retirement income should come from defined benefit pensions and their implicit life annuities, versus income from discretionary liquidation of an investment portfolio,” says, retirement expert Moshe Milevsky, director of the Individual Finance and Insurance Decisions Centre and an associate professor […]

By Mark Noble |July 30, 2008

5 min read

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Briefly:

(July 29, 2008) Small business owners who want to invest in lowering their firms’ impact on the environment may qualify for an interest-only term loan, now on offer from TD Canada Trust. The loan program, which allows the borrower to defer principal payments for up to 12 months, is also available for investments aimed at […]

By Staff |July 29, 2008

3 min read

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Severance buyouts require advice

On Monday, BCE announced that it would be terminating more than 2,500 staffers, while General Motors (GM) offered lucrative buyout packages to reduce its workforce at its plant in Oshawa, Ontario. For employees the situation is less than optimal. They’ve lost their jobs and likely don’t have a clue about how to deploy their severance […]

By Mark Noble |July 29, 2008

5 min read

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Briefly:

(July 28, 2008) The Investment Industry Association of Canada will be calling a definitive pronouncement when the Expert Panel on Securities Regulation makes its final report. In its submission to the panel earlier in July, the IIAC said a clear transitional path is needed to remove any uncertainties surrounding regulatory reform. The primary objective of […]

By Staff |July 28, 2008

2 min read

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New bankruptcy laws let clients keep their savings

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 RIFFs and deferred profit sharing plans. Terri Williams, CFP and director of educational […]

By Bryan Borzykowski |July 28, 2008

3 min read

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Canadian equity future uncertain: Aitken

(July 2008) To buy or not to buy Canadian equities — that’s the real question many in the financial industry are asking themselves these days. The main index continues to outperform global indices, even in the downturn, but can the party continue? “Some of the caution is warranted,” says Garey Aitken, Bissett Investment Management’s new […]

By Bryan Borzykowski |July 28, 2008

5 min read

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(July 25, 2008) Mackenzie Investments will substitute two of the six portfolio management teams that currently manage Mackenzie Focus Fund and Mackenzie Focus Class, effective August 29, 2008. The roster of managers will now include Jerry Javasky, head of Mackenzie’s Ivy Funds, and David Ginther, a U.S. dividend equity specialist with Waddell & Reed Financial […]

By Staff |July 25, 2008

2 min read

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By The Book: ASC reaches $250,000 settlement and more regulatory news for Friday

(July 25, 2008)The Alberta Securities Commission (ASC) has agreed to a $250,000 settlement with Keystone Real Estate Investment of Red Deer over the company’s misrepresentations to the public through promotional material and information seminars. In addition, Ron and Travis Cadman, principals acting as advisors without being registered in accordance with Alberta securities laws. The Cadmans […]

By Staff |July 25, 2008

2 min read

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Good business practice requires non-financial considerations

A recent report by the Conference Board of Canada suggests that advisors can help mitigate their clients’ investment risks by examining a board’s commitment to corporate social responsibility (CSR). Report author Coro Strandberg explained that “firms are coming to understand the importance of corporate social responsibility and sustainability [in relation to] competitive performance, but their […]

By Romana King |July 25, 2008

4 min read

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