Industry News

Decorative pattern

MDRT: New retirement requires new skills from advisors

Advisors, agents and planners need to reinvent their role if they want to be successful and meet the needs of their retiring clients, according to a leading demographic psychologist and business guru. On the first full day of the 2008 Million Dollar Round Table in Toronto, Dr. Ken Dychtwald prompted almost 8,000 attendees to examine […]

By Romana King |June 23, 2008

4 min read

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Briefly:

(June 20, 2008) The province of Quebec can expect its economic growth to slow to just 0.8% for the current year, before rising to 1.7% in 2009, according to Sébastien Lavoie, economist of Laurentian Bank Securities. That’s still below the long-term average of 2% between 2001 and 2007. “The Quebec economy will continue to endure […]

By Staff |June 20, 2008

3 min read

Decorative pattern

Do not mistake illiquidity for alpha

While many may have doubted the significant risk associated with liquidity in global (and domestic) financial markets — in relation to other types of risks, such as value, market or credit risk — the fallout from last year’s sub-prime crisis has prompted a thought conversion. One of the leaders in this change of thought is […]

By Romana King |June 20, 2008

4 min read

Decorative pattern

Emerging markets ideal for strategic allocation

Emerging market equities remain one of the best sectors for long-term performance, says a global investment strategist for one of the world largest institutional investment firms. Possibly even more important for investors, the volatile nature of the asset class is expected to decrease over the long term. George Hoguet, managing director and global investment strategist […]

By Mark Noble |June 20, 2008

6 min read

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Supreme Court sides with BCE

The BCE Inc. takeover has been given the green light by the Supreme Court of Canada. A panel of seven judges voted unanimously to overturn the Quebec Court of Appeal’s decision against privatizing BCE, thereby approving the Ontario Teachers’ Pension Plan’s $35-billion acquisition of the Montreal-based company. “We are pleased with the Supreme Court’s decision […]

By Staff |June 20, 2008

2 min read

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CIBC snaps up Golombek

CIBC has appointed Jamie Golombek to the role of managing director, tax and estate planning for its retail markets division, effective July 14. In the new role, Golombek will be working with advisors from CIBC’s various lines of business, including CIBC Private Wealth Management, Wood Gundy, Imperial Service. His loyal readers can take heart, though […]

By Steven Lamb |June 19, 2008

3 min read

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Briefly:

(June 19, 2008) A group of primarily corporate noteholders is appealing the recent decision by an Ontario Superior Court judge to approve the restructuring deal of $32 billion of frozen asset-backed commercial paper. A joint notice of motion for leave to appeal and stay of execution has been filed in an Ontario Court of Appeal […]

By Staff |June 19, 2008

4 min read

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Briefly:

(June 18, 2008) Not content with its strong position in Latin America, Scotiabank has secured a license to begin conducting business in Turkey. The bank will operate from a representative office in Istanbul. Scotia says it will roll out the services of its sub-brands, ScotiaMocatta (precious metals trading and finance) and Scotia Waterous (oil and […]

By Staff |June 18, 2008

2 min read

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Canadian growth to lag that of U.S.

The Canadian economy will be dragged down by problems in the U.S. and possibly underperform its American cousin through the remainder of 2008, according to the latest quarterly forecast from TD Economics. Canadian real GDP is expected to grow by 1% in 2008, lagging the sluggish U.S. growth rate of 1.4%. But there is light […]

By Staff |June 18, 2008

2 min read

Decorative pattern

CFA Institute offers tips for SRI investing

Days before a potential “promise” by Liberal leader Stéphane Dion — that his new carbon-tax plan will not include an increase at the pumps — the CFA Institute has released 10 tips on becoming a socially responsible investor. The report, released on Tuesday, is based on the 2007 Report on Socially Responsible Investing Trends in […]

By Romana King |June 18, 2008

4 min read

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