Industry News

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Investors pile into funds

The mutual fund industry posted strong sales in October, raking in between $2.4 billion to $2.9 billion in fresh investment, according to preliminary data released by the Investment Funds Institute of Canada. “Net sales estimates are strong for October at $2.7 billion bringing the industry close to levels not seen since July,” said Pat Dunwoody, […]

By Steven Lamb |November 2, 2007

1 min read

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(November 1, 2007) Scotia Securities has announced a slew of changes to its Scotia Mutual Funds lineup, marking the bank-owned firm’s resolve to boost its presence in the mutual fund space. “The most recent changes better position our funds to take advantage of current investment opportunities for the benefit of unitholders,” said Glen Gowland, president […]

By Staff |November 1, 2007

4 min read

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Charitable giving on the rise: StatsCan

Canadians want to use their cash, and not just on another big screen TV. A new Statistics Canada report released Thursday reveals that in 2006, charitable donations totalled $8.5 billion, an increase of 8.3% from the year before. “This is very significant,” says Malcolm Burrows, head of philanthropic advisory services at Scotia Private Client Group. […]

By Bryan Borzykowski |November 1, 2007

4 min read

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(October 31, 2007) Clients who have problems with their Registered Education Savings Plans can now take their disputes to the Ombudsman for Banking Services and Investments, but only if their plan provider is a member of the industry’s association. The Registered Education Savings Plan Dealers Association of Canada has signed an agreement to allow the […]

By Staff |October 31, 2007

4 min read

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Getting to the Heart of Socially Responsible Investing (SRI).

(October 2007) SRI is for anyone who wants to build financial security while supporting responsible business practices. The Advisor’s Edge Report’s Special Report on Socially Responsible Investing takes an in-depth look at a number of aspects of this growing category: 1) The Screening Process – specifically The Ethical Funds Company’s Corporate Sustainability Scorecard 2) The […]

By Staff |October 31, 2007

1 min read

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Industry applauds Flaherty’s tax proposals

Tuesday’s proposed tax cuts by the federal government are garnering positive reviews from the financial services industry. But the ghosts of last Halloween still linger. Last year’s economic statement by Finance Minister Jim Flaherty, in which he announced a substantial tax increase on income trusts, took the markets by surprise. This year’s commitment to expedite […]

By Mark Noble |October 31, 2007

4 min read

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(October 30, 2007) If the financial industry needs more proof that the country needs a single regulator, then it should take a close look at a new study by the Queen’s School of Business. The report reveals that many publicly traded Canadian firms aren’t disclosing the results of “evaluations that assess the design of their […]

By Staff |October 30, 2007

3 min read

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Canadians not worried about their financial institutions: OSFI

Canadians are generally confident about the state of their financial service providers, concludes a survey commissioned by the Office of the Superintendent of Financial Institutions. Conducted by Environics on behalf of the OSFI, the biannual Public Confidence Survey found 91% of Canadians are confident about the financial health and stability of their bank, while 83% […]

By Mark Noble |October 30, 2007

3 min read

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Manor ordered to return to Toronto

He has put up a fight, but Boaz Manor will soon be on his way back to Canada to face the charges laid against him by the RCMP and the Ontario Securities Commission over the collapse of Portus Group. An Israeli court has cleared the way for Manor’s return to Toronto, and he is expected […]

By Steven Lamb |October 30, 2007

3 min read

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Flaherty serves up more tax cuts

Despite warnings from economists of all stripes, Federal Finance Minister Jim Flaherty has announced the government will proceed with its previously promised cut in the GST. But he isn’t stopping there. In the Economic Statement delivered today, Flaherty announced his intention to slash corporate taxes from the current level of 22.1% to 15% by 2012. […]

By Steven Lamb |October 30, 2007

1 min read

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