Industry News

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Industry

As retirement nears, expectations dim

Hope for a carefree retirement seems to be fading among Canadians as they approach the end of their working careers, according to survey results released today. For the majority of Canadians — 73% — the primary concern is just to maintain their current standard of living, according to a survey conducted by SECOR Consulting and […]

By Steven Lamb |March 18, 2008

2 min read

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Industry

ABCP deal cold comfort for retail investors

Just as progress was being made on an agreement to restructure asset-backed commercial paper, there is a growing awareness of a number of individual retail investors — roughly 1,600 — who have been burned by the liquidity crisis. These investors are faced with a stark choice: either take the deal and give up their right […]

By Mark Noble |March 18, 2008

4 min read

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Industry

Briefly:

(March 17, 2008) The Pan-Canadian Investors Committee for Third-Party Structured ABCP has filed an application today asking the Ontario Superior Court of Justice to call a meeting of ABCP noteholders to vote on the committee’s plan to restructure 20 of the trusts covered by last summer’s Montreal Accord. The filing was made under the Companies’ […]

By Staff |March 17, 2008

4 min read

Decorative pattern

Industry

February fund sales poor but positive: IFIC

Investors dipped their toes back into the Canadian mutual fund pool in February, recovering much of the outflows from January’s hefty sell-off. “Given the types of equity markets we’ve had recently, the absolute dollar figure for all categories was fairly reasonable,” says Rudy Luukko, investment funds editor for Morningstar Canada. “However, when you start to […]

By Steven Lamb |March 17, 2008

4 min read