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(November 12, 2007) The Bank of Canada should ignore the demands of politicians and hold the line on interest rates, according to a leading economist. “While the [Canadian dollar] rally may have gone too far too fast, the current trade balance, a surplus of $2.6 billion in September, would be the envy of some countries,” […]
By Staff |November 12, 2007
2 min read
Don’t believe everything you read, especially when it comes to marketing materials from investment counsel/portfolio managers (ICPM). A new OSC staff notice reveals that ICPMs’ marketing practices have “increasingly become an area of concern” with an “increasing number of deficiencies.” “The information is lacking clarity, so it can be perceived that it is something that […]
By Bryan Borzykowski |November 12, 2007
4 min read
Canadian advisors can take pride in the satisfaction they give their clients, but on the topic of compensation, there is still a gulf between client perception and reality, according to the Sixth Annual Dollars & Sense Survey, conducted for the ADVISOR Group. On average, survey respondents served 374 clients, representing 277 client households. Almost half […]
By Steven Lamb |November 12, 2007
3 min read
(November 9, 2007) American consumer confidence took a nosedive at the beginning of this month, hitting its lowest point in two years, according to the latest reading of the RBC Consumer Attitudes and Spending by Household (CASH) Index. Not surprisingly, the culprits in driving sentiment down are rising oil prices and falling home values. “This […]
By Staff |November 9, 2007
Canadians are worried about their long-term health care needs in retirement, even though their uptake in buying long-term care insurance remains relatively flat, according to a survey conducted for Manulife Financial. The survey found that 57% of respondents were worried about their ability to afford either home care or a health care facility in their […]
By Mark Noble |November 9, 2007
America faces a better than 50% chance of a recession, according to a leading commentator from south of the border. “I wrote a piece last fall saying we had a 50/50 chance of a recession by late 2007, into 2008,” says Liz Ann Sonders, chief investment strategist at Charles Schwab & Co. “I would say […]
By Steven Lamb |November 9, 2007
The death of the defined benefit pension plan has been greatly exaggerated. In fact, Canadian corporations that still provide such benefits are seeking the means to shore them up, according to a study by the Canadian Pension Fund Directory (CPF). The survey of 157 corporate and public plans, representing $630 billion in assets, was sponsored […]
November 8, 2007
Emerging markets are not limited to equity offerings anymore. Local bond markets are surfacing in many more countries, offering fixed income investors a myriad of opportunities around the world to boost their yields and diversify their portfolios. To learn more about how you can access these opportunities, please click here. November 2007
By Staff |November 8, 2007
1 min read
(November 8, 2007)Troubles from the U.S. housing market will prove no match for the global forces driving the TSX’s recovery, the latest CIBC World Markets report argues. “October’s rebound in the TSX was aided by record oil prices and a turnaround in uranium stocks reflecting global growth that’s as firm as ever,” says Jeff Rubin, […]
(November 7, 2007) The Alberta Securities Commission has issued a permanent ban against two Red Deer men for their role in a Mexican investment scheme that took as much as $4 million of Alberta investors’ money. Starting in 2000, Larry Kenneth McLeod and Forbes John McLeod solicited investments from Albertans for a company that was […]
By Staff |November 7, 2007
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