News and resources for Canada's top financial advisors
Industry
While mutual funds will remain the most popular investment vehicle, the business of selling them will see diminishing growth over the next four years, at least in the U.S., according to a study by Boston-based Financial Research Corporation. According to the FRC study, entitled Mutual Fund Market Sizing, 2007–2012: An Analysis of Channels, Sales, Assets, […]
By Mark Noble |January 14, 2008
4 min read
(January 11, 2008) Gold futures spiked on the New York Mercantile Exchange on Friday, as traders speculated that the U.S. Federal Reserve would deliver another interest rate cut to prop up the flagging U.S. economy. Gold hit $900 an ounce for February delivery, setting an all-time high in terms of dollar value, although that’s only […]
By Staff |January 11, 2008
2 min read
Most advisors know long-term investing is the way to go, but if you’ve got a trigger-happy client, then be prepared to buy (or sell) over the next few months. That’s because RBC Economics says the next few months will be filled with rate cuts and uncertainty, something short-term-focused investors might be able to use to […]
By Bryan Borzykowski |January 11, 2008
When the Competition Policy Review Panel puts forth its recommendations to the federal government in June, it may have to address whether the bans on allowing banks to merge and sell insurance in the branches should be lifted. The Canadian Bankers Association (CBA) submitted its recommendations to the Competition Policy Review Panel on Thursday. Among […]
By Mark Noble |January 11, 2008
(January 10, 2008) If you think $100 is a steep price for oil, CIBC World Markets has some bad news: oil will hit $150 a barrel within five years. That’s according to senior strategist Jeff Rubin, who points to the Econ 101 lesson of supply and demand. Not only is demand for petroleum rising in […]
By Staff |January 10, 2008
3 min read
While last year’s market turmoil wreaked havoc on much of the investment industry, one area that not only survived but improved was pension plan–funding ratios. According to a new Watson Wyatt report, the typical pension plan enjoyed 106% funding at the end of December — a 10% increase over the same time in 2006. David […]
By Bryan Borzykowski |January 10, 2008
Innovation in today’s investment products is causing more harm than good, according to well-known author and risk management expert Richard Bookstaber. Bookstaber, who works at Connecticut-based investment management company Bridgewater Associates, was the keynote speaker at an event hosted by the Alternative Investment Management Association of Canada in Toronto on Monday. His talk centred on […]
By Mark Noble |January 10, 2008
(January 9, 2008) Power Financial has announced the appointment of Philip K. Ryan as executive vice-president and chief financial officer, effective no later than January 31, 2008. He will assume the same titles at Power Corporation of Canada. Ryan will succeed Power Financial’s outgoing CFO, Michel Plessis-Bélair, who will continue as a director of Power […]
By Staff |January 9, 2008
Fidelity Investments Canada has launched the country’s first major mutual fund–based retirement income product to challenge the insurance industry’s guaranteed minimum withdrawal products. With boomers racing toward retirement, financial firms have been devoting their resources to developing an investment portfolio that provides a retirement income while growing assets quickly enough to mitigate the risk of […]
By Mark Noble |January 9, 2008
With Tye Bousada’s departure from AIM Trimark’s flagship fund yesterday — the third top employee to leave the firm — analysts are concerned about the company’s future. Dan Hallett, an independent fund analyst, says Bousada’s unexpected exit from Trimark Fund puts AIM Trimark “between a rock and a hard place,” especially since the company still […]
By Bryan Borzykowski |January 9, 2008
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.