Industry News

Decorative pattern

Advocis cautions against seg fund ‘rules’

New guidelines on the sale of segregated funds, issued by the Life Insurance Council of Saskatchewan, have met a cool reception from Advocis, which calls the guidelines “tantamount to more rules,” at a time when many jurisdictions are moving toward principles-based regulation. “In our view, the guideline is essentially an elaboration of existing bylaws in […]

By Steven Lamb |September 6, 2007

2 min read

Decorative pattern

When the dog days bit

(September 2007) “It’s not the bus you’re expecting,” a wise friend said to me years ago. “It’s the one you’re not expecting that runs you over.” It was an argument meant to demonstrate risk control: to protect against the unexpected. That, I would argue, is what happened in the dog days of this summer. Why […]

By Scot Blythe |September 5, 2007

3 min read

Decorative pattern

Briefly:

(September 5, 2007) On Wednesday morning the Bank of Canada announced that it would keep the overnight rate target at 4.5%. The overnight rate’s operating band is also unchanged at 4.75%. This news likely surprised some people as there was a real possibility of a rate cut, due to America’s sub-prime woes. But the BoC […]

By Staff |September 5, 2007

4 min read

Decorative pattern

Funds hammered by credit crunch: Morningstar

August was not a good month for capital markets, and it showed in the performance of Canadian mutual funds. Morningstar Canada says the majority of its Canada fund indexes had negative returns because of fallout from the sub-prime mortgage crisis in the U.S. and other credit-quality issues. “Overall, the meltdown in the asset-backed commercial paper […]

By Mark Noble |September 5, 2007

3 min read

Decorative pattern

Fund sales pummeled in August: IFIC

The mutual fund industry took a hit in August, as market volatility not only impaired returns, but also took a bite out of sales — a big bite. Based on a preliminary sample of reports from its members, IFIC estimates that the industry as a whole slipped into net redemptions, with investors pulling out between […]

By Steven Lamb |September 5, 2007

3 min read

Decorative pattern

Briefly:

(September 4, 2007) GrowthWorks Manitoba Ltd. has struck a deal to purchase ENSIS Management Inc. in a transaction that is expected to close in early November. The ENSIS Growth Fund is a venture capital fund that provides Manitoba entrepreneurs with “patient” equity capital. The GrowthWorks transaction is expected to give ENSIS Growth national exposure and […]

By Staff |September 4, 2007

3 min read

Decorative pattern

Market timing no match for buy and hold

Clients who avoid letting greed or fear dictate their investment decisions almost always outperform their market-timing peers. Such were the findings of a 2007 Quantitative Investment Behaviour Study (QAIB) of U.S. investors by DALBAR Canada. Jody Bullen, spokesperson from DALBAR Canada, says the performance gap exists solely because emotions and human influence often cloud investing […]

By Mark Noble |September 4, 2007

3 min read

Decorative pattern

New policy helps Ontario interact with passport provinces

For most provinces, the passport system is a decent alternative to a single securities regulator, but not for Ontario, the only jurisdiction refusing to sign on to the new system. Instead of scrapping the plans to break down provincial regulation barriers, the Canadian Securities Administrators announced Friday that it has found a way to include […]

By Bryan Borzykowski |September 4, 2007

3 min read

Decorative pattern

Briefly:

(August 31, 2007) Scotiabank has signed an agreement to purchase 79% of Banco del Desarrollo, Chile’s seventh largest bank for $810 million US. The bank says it’s the first stage in a plan to purchase up to 100% of Banco del Desarrollo. Scotiabank says Banco del Desarrollo, which has total assets of more than $5.1 […]

By Staff |August 31, 2007

3 min read

Decorative pattern

Rogers assumes role as MDRT president

The Million Dollar Round Table has a new president — and he’s Canadian. Vancouver’s Jim Rogers of Rogers Group Financial takes the helm of the international organization of top insurance advisors September 1. Rogers’s first order of business is to strengthen the organization’s North American numbers to match the group’s success in other parts of […]

By Deanne Gage |August 31, 2007

2 min read

← Previous 1 … 1,898 1,899 1,900 1,901 1,902 … 2,188 Next →