Industry News

Decorative pattern

Expect another correction soon: Rubin

Not quite a week into February and the markets are as unpredictable as ever. And according to noted CIBC economist Jeff Rubin, it’s likely we’ll see many more ups and downs in the coming months. Rubin says the markets will likely drop another 5%, as North American banks continue with write-downs. “The tandem of falling […]

By Bryan Borzykowski |February 5, 2008

3 min read

Decorative pattern

On The Shelf:

(February 5, 2008) TD Bank Financial Group’s logo might already be green, but soon the company’s entire operation will be environmentally friendly. The bank announced Tuesday that its Canadian operations would be carbon neutral by 2010. The bank is also launching the TD Emissions Reduction Fund, which will allow the organization to invest in projects […]

By Staff |February 5, 2008

3 min read

Decorative pattern

SRI trend growing just in time for RRSP deadline

There was a time when RRSP season was all about smoking out the good deals — pun intended. These days many investors are looking not just for good returns but for feel-good good returns. Initially, this meant negatively screening investments — a term used to refer to weeding out companies that manufacture or contribute to […]

By Romana King |February 5, 2008

3 min read

Decorative pattern

On The Shelf:

(February 4, 2008) Scotia Securities is offering environmentally-conscious investors a means to put their money to good use, launching the Scotia Global Climate Change Fund on Monday. The fund is designed for investors who want exposure to environmentally responsible companies and solid returns. “Global climate change is a reality that has the potential to impact […]

By Staff |February 4, 2008

3 min read

Decorative pattern

By The Book:

(February 4, 2008) Montréal Exchange Inc. has filed an application to the Autorité des marchés financiers for an amendment of its recognition as a self-regulatory organization and its authorization to carry on business as an exchange. The requested amendment is a stepping stone toward the merger of the bourse with the TSX. MX shareholders will […]

By Staff |February 4, 2008

1 min read

Decorative pattern

Briefly:

(February 4, 2008) The Pan-Canadian Investors Committee has issued a progress report — of sorts — on the implementation of a restructuring plan for third-party asset-backed commercial paper. The committee announced that Bank of Montreal, CIBC, Royal Bank and Scotiabank have agreed, in principle, to participate as lenders in a margin call funding facility, the […]

By Staff |February 4, 2008

3 min read

Decorative pattern

Fund returns knocked around by rough markets: Morningstar

Anyone with even the most casual interest in markets would know that January wasn’t a good month to be in stocks. It didn’t really matter what part of the world you were invested in — virtually all foreign and domestic equity fund categories suffered significant losses for the month, according to preliminary performance data released […]

By Mark Noble |February 4, 2008

3 min read

Decorative pattern

Fund sales hit hard by market jitters

Working on the front line, it probably comes as no surprise to most advisors that January was not a great month for mutual fund sales. Fears of a U.S. recession coupled with a global sell-off which may have been precipitated by a single French trader, shook investor confidence and sent them running for the exits. […]

By Steven Lamb |February 4, 2008

2 min read

Decorative pattern

Briefly:

(February 1, 2008) The Canadian Depository for Securities has appointed Ian A. Gilhooley to the position of president and chief executive officer, effective immediately. Gilhooley joined CDS in 2001 and became chief operating officer in 2002. As COO, he directed the redevelopment and implementation of CDS’s clearing and settlement system, CDSX. • • • RBC […]

By Staff |February 1, 2008

1 min read

Decorative pattern

The markets do feel bad, but clients shouldn’t

Volatility is a reality of the capital markets, and investors need to accept that bears will eventually follow the bulls. That was the message Manulife Mutual Funds took to over 2,000 advisors across Canada who tuned in to a forum sponsored by the company. “The market’s volatility can almost make someone feel like they have […]

By Mark Noble |February 1, 2008

6 min read

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