Industry News

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(April 15, 2008) We’ve heard it many times before: defined benefit pension plans are on the decline. But this is partially due to regulations that foster employers’ under-funding of the plans, according to a new report from C.D. Howe Institute. The report, called Lifting the Lid on Pension Funding, notes what’s particularly harmful is the […]

By Staff |April 15, 2008

2 min read

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Investors buy short-term: IFIC

Canadians are continuing to park their money instead of investing long term. The money market fund buying spree continued in March, according to the latest data from the Investment Funds Institute of Canada (IFIC). In light of the current market volatility, IFIC views the sales results as positive. “Total asset growth in March was $7.7 […]

By Mark Noble |April 15, 2008

3 min read

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U.S. economy

A U.S. recession that risks becoming the worst in 50 years is not the prediction 1,800 advisors wanted to hear from Martin Feldstein. But Feldstein, whose authority on U.S economic matters is matched by only a few, was not there to lift spirits. He was there to share what he observes, and for the short […]

By Mark Noble |April 15, 2008

4 min read

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By The Book:

(April 15, 2008) The Mutual Fund Dealers Association released a new suitability guidelines notice to address member requests for more guidance in compliance matters. The report features both existing regulatory obligations as well as new guidelines, such as material changes to KYC information, suitability triggers and criteria for account and trade supervision. MFDA officials note […]

By Staff |April 15, 2008

1 min read

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(April 14, 2008) Financial Executives International Canada told the Canadian government on Monday that new tax mechanisms are needed to improve the country’s economic value creators and domestic business climate. Talking to the House of Commons Standing Committee on Finance, FEI Canada president Michael Conway said it’s imperative that “Canada’s tax system supports and enhances […]

By Staff |April 14, 2008

2 min read

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On The Shelf:

(April 14, 2008) Manulife Mutual Funds announced Monday that it was enhancing its lineup of mutual funds. The company is tacking a Series B on to its Monthly High Income Fund and making additions to its Series T and Elite Series funds. “Today’s announcement illustrates how Manulife Mutual Funds is continuously working to provide advisors […]

By Staff |April 14, 2008

1 min read

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Canadian economy still going strong: Rubin

With America’s economy in increasingly greater turmoil, it’s hard not to think that Canada’s relatively stable economic status will eventually crumble. However, Jeff Rubin, CIBC’s chief economist and chief strategist, says there’s nothing to worry about. In the bank’s latest economic forecast, Rubin says that Canada’s energy and resource rich economy is still thriving thanks […]

By Bryan Borzykowski |April 14, 2008

4 min read

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Credential deal on its way, Crawford says

Following Canaccord Capital’s lead, Credential Securities is expected to offer a similar asset-backed commercial paper settlement to affected retail investors, according to the chair of the Pan-Canadian Investors Committee, Purdy Crawford. “We are reasonably optimistic it will be announced in the next few days,” Crawford told investors on conference call on Monday. Last week, Canaccord […]

By Mark Noble |April 14, 2008

2 min read

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(April 8, 2008) Many in the financial industry are applauding the Autorité des marchés financiers’ Thursday afternoon approval of the TSX/MX merger. Ian Russell, president and CEO of the Investments Industry Association of Canada, says the new group will be able to take advantage of “superior” trading and clearing technology and the market data that […]

By Staff |April 11, 2008

3 min read

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Small business owners ignore recession-proofing: Study

Economic optimism among Canada’s small business owners has led to a widespread lack of contingency planning, a new Harris/Decima report commissioned by BMO Bank of Montreal concludes. The survey found more than three-quarters (77%) of 777 Canadian small business owners with $5 million in revenues or less describe the Canadian economy as good, while a […]

By Mark Noble |April 11, 2008

5 min read

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