Industry News

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Canadians investing regularly, despite shaky markets

Despite the unpredictable markets, Canadians still think that investing on a regular basis is the way to go. A new Scotiabank survey says about 80% of Canucks feel it’s either very or fairly important to make regular contributions to their investments. The survey reveals that 76% of investors over the age of 18 make at […]

By Bryan Borzykowski |January 17, 2008

5 min read

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(January 16, 2008) Vancouver-based portfolio manager McElvaine Investment Management Limited has launched two new advisor series for the McElvaine Investment Trust. Series A units will provide a 30 basis point trailer to advisors, with a 25% share of performance fees generated by the trust. “I believe this structure aligns all of our interests with our […]

By Staff |January 16, 2008

3 min read

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What went wrong in 2007: DBRS

There are plenty of ways to sum up 2007 — volatile, uncertain, sub-prime — but DBRS, the Toronto-based rating service, likes to think about the year in terms of good, bad and ugly. The firm released its 2007 year in review on Wednesday, and in it the company outlines what it felt were the highlights […]

By Bryan Borzykowski |January 16, 2008

3 min read

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IDA staffing shortages concern CSA

Canada’s provincial security regulators collectively released their respective audits of the Investment Dealers Association (IDA) on Tuesday. While it was a much more complimentary report than a June audit released by the Alberta Securities Commission (ASC), it still highlighted some core areas in which the IDA needs to improve, particularly in staffing and resources. Tuesday’s […]

By Mark Noble |January 16, 2008

5 min read

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Cooper optimistic about boomer retirement

The baby-boomer transition into full retirement will not happen anytime soon, and this is good news, according to Dr. Sherry Cooper, executive vice-president and global economic strategist at BMO Financial Group. Cooper, a high-energy 57-year-old with no plans for retirement herself, believes that given contemporary quality of life standards, market statistics and current demographics, the […]

By Romana King |January 15, 2008

2 min read

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(January 15, 2008) The Canadian Securities Administrators (CSA) has issued a report on its oversight of the IDA, saying its members are “generally satisfied that the IDA is in compliance with the relevant terms and conditions” to qualify as a self-regulatory organization. But there were several “significant deficiencies” noted in the report, including procedural problems, […]

By Staff |January 15, 2008

5 min read

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Market woes hit December’s fund sales: IFIC

Fund sales finished 2007 on a cautious note, according to the latest statistics from the Investment Funds Institute of Canada. The best sales year in a decade finished with $2.9 billion in sales in December, $2.6 billion of which were in money market funds. Pat Dunwoody, IFIC’s vice-president of member services & communications, described 2007 […]

By Mark Noble |January 15, 2008

4 min read

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Pension plan ratios conflict and confuse

Hot on the heels of a Watson Wyatt report that said pension funding ratios were at their highest in five years comes a Mercer release revealing that the Mercer Pension Health Index is no better funded than it was a year ago. In fact, funding ratios ended the year with a 2% net loss. “The […]

By Bryan Borzykowski |January 15, 2008

5 min read

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(January 14, 2008) The Financial Planners Standards Council has announced the results for the November 2007 sitting of the CFP exam. Of the 815 candidates who wrote the test, 365 (or 45%) passed. The pass rate was slightly higher for first-time writers of the exam, at 52%. The November 17 examination was held in 51 […]

By Staff |January 14, 2008

5 min read

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Cut capital gains tax on small businesses: IIAC

With the federal budget announcement a couple of months away, the Investment Industry Association of Canada has released its annual budget recommendations. The organization wants the federal government to focus on small business, especially after giving tax breaks to large companies in its October 30 mini-budget. “From our perspective, the element that is really missing […]

By Bryan Borzykowski |January 14, 2008

3 min read

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