Industry News

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Geoff MacDonald joins EdgePoint

Geoff MacDonald is the latest of Trimark’s former star managers to take a partnership stake in EdgePoint Capital Partners, the investment firm that had its launch announced earlier this month by Tye Bousada and Robert (Bob) Krembil. MacDonald, along with Bousada and Krembil, will be a shareholder in the firm’s holding company, Cymbria Capital Corp., […]

By Mark Noble |February 27, 2008

2 min read

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(February 26, 2008) When asked to name their most important career concern, one-third (33%) of Generation Y workers cited compensation and benefits issues, according to a survey conducted by Robert Half International and Yahoo! Hot Jobs. The second most common response given by the 1,000 21- to 28-year-olds polled was finding and keeping a job, […]

By Staff |February 26, 2008

4 min read

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On The Shelf: TD issues new dividend income PPN

(February 25, 2008) Toronto-Dominion Bank has launched a fresh series of PPNs: the TD Dividend Income Fund-Linked Principal Protected Notes, series 2 and series 2NL (return of capital). Using a dynamic asset allocation strategy, the notes provide investors with 150% exposure to the TD Dividend Income Fund, which is managed by Doug Warwick and Michael […]

By Staff |February 25, 2008

1 min read

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(February 25, 2008) Commodity prices continued to climb in January, contrary to fears that the American economy has already entered a recession, according to the latest reading of Scotiabank’s Commodity Price Index. The index, which tracks key commodities produced in Canada, jumped 4.5% to a new record high in January. Prices notched a 20.2% increase […]

By Staff |February 25, 2008

2 min read

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Tories expected to stay the course

Immediately raising the age at which RRSPs must be converted to RRIFs to 73 with further consideration to additional increases. Increasing the tax-deductible contributions of defined benefit plans from 110% of liabilities to 125%. Allowing withdrawals from RRSPs to restore contribution room for each investor. Increasing the RRSP and RPP limits to $22,000 in 2010 […]

By Romana King |February 25, 2008

4 min read

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Debt or the RRSP?

One question advisors are hearing from clients with more frequency this year is whether their RRSP contribution would be better used to pay down debt than invested in a volatile market. In certain cases, the former may make sense. According to Preet Banerjee, an investment executive with ScotiaMcLeod and author of the recently published book […]

By Mark Noble |February 25, 2008

4 min read

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Manitoba Securities Commission settles with Crocus investors

The Crocus saga is yet another step closer to wrapping up. On Monday, the Manitoba government, the Manitoba Securities Commission and PricewaterhouseCoopers announced that they were settling with investors to the combined tune of almost $9 million. The MSC and the Manitoba government are paying $2.75 million, while PwC is coughing up $6 million. Add […]

By Staff |February 25, 2008

2 min read

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By The Book:

(February 22, 2008) The OSC has agreed to drop criminal charges against Andrew Rankin, the former managing director in the mergers and acquisitions department of RBC Dominion Securities at the centre of a stock-tipping scandal since 2001. In the agreement, he admits that childhood friend Dan Duic had access to his home and may have […]

By Staff |February 22, 2008

2 min read

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Income a big factor for RRSP contributions

Everyone knows that Canadians aren’t dropping enough cash into their RRSPs, and now Statistics Canada has proven it, revealing that while six in 10 Canucks contribute, the median value of RRSP plans is still just $25,000. “The situation is still that not enough people are saving for retirement,” says Gena Katz, tax executive director at […]

By Bryan Borzykowski |February 22, 2008

3 min read

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Award aims to get more women in capital markets

To counteract proportionally low levels of women being promoted, a new industry initiative will offer career coaching and development services to qualified senior-level women working in the capital markets in Canada. The Women in Capital Markets (WCM) Career Coaching Award Program, developed with BMO Nesbitt Burns and Knightsbridge, will offer experienced women the opportunity to […]

By Mark Noble |February 22, 2008

3 min read

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