Industry News

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(March 27, 2007) RBC has announced the launch of the RBC Commodity Booster Notes, Series 1, which will provide investors with exposure to a basket of commodities that include oil, copper, nickel and zinc, and will guarantee the investor 45% at maturity as long as the investment grows by more than zero per cent. RBC […]

By Staff |March 27, 2007

4 min read

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An option for Canadian brokers

increasing awareness in all economic sectors of the importance of risk management, greater price volatility in key market sectors like fixed-income, broader access to futures and options markets through technological innovation and the evolution of regulatory frameworks, and relatively low amount of committed capital required to trade derivatives and a growing awareness of the opportunities […]

By Mark Brown |March 27, 2007

4 min read

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(March 26, 2007) After six years as president and CEO of FundSERV, Alan Hutton has announced he will retire at the end of fiscal 2007. “The past six years at FundSERV have been challenging and exciting,” says Hutton. “We have contributed significantly to the investment funds industry’s growth. Our success in reducing the time, cost […]

By Staff |March 26, 2007

3 min read

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Sun Life scraps Clarica brand

It’s the end of the line for the last vestiges of one of Canada’s oldest insurance companies. The identity Clarica Financial Services, a subsidiary of Sun Life Financial, is being phased out and replaced with the Sun Life brand. Formerly Mutual Life of Canada, Clarica can trace it roots back to 1870. The Waterloo-based company […]

By Mark Noble |March 26, 2007

3 min read

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(March 23, 2007) Manulife Mutual Funds has named Capital Guardian as sub-advisor for its MIX Global Equity Class, replacing Goldman Sachs Asset Management, L.P., effective June 1, 2007. “This change will provide MIX investors with access to this well-respected institutional investment manager,” said Doug Conick, vice-president, investment funds, Manulife Mutual Funds. Capital Guardian is a […]

By Staff |March 23, 2007

2 min read

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Ontario and Saskatchewan budgets: what advisors should know

The governments of Ontario and Saskatchewan have announced their provincial budgets for the upcoming year. With elections expected in both provinces over the next year, both governments generally played it safe, offering balanced budgets that distributed modest benefits across the board and avoided drastic changes. The Ontario budget, delivered by the Liberal government’s finance minister, […]

By Mark Noble |March 23, 2007

4 min read

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(March 22, 2007) A new survey by MFC Global Investment Management, a subsidiary of Manulife, suggests that a significant percentage of Canadian defined benefit pension plan sponsors expect to make substantial shifts, particularly to foreign equity allocations, within their portfolios over the next two years. MFC said that on an asset-weighted basis, 53% of defined […]

By Staff |March 22, 2007

3 min read

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Global jitters

A report released by Merrill Lynch this week suggests global fund managers are exhibiting a “heightened aversion to risk,” most likely resulting from the precipitous market sell-off in the dying days of February. But do Canadian managers agree? The study highlights some of the key changes in response to some of the increased volatility evident […]

By Mark Brown |March 22, 2007

3 min read

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More investors are turning to SRI: report

Al Gore might be the poster boy for environmental issues, but it’s investors who are putting their money where their mouth is. On Thursday, Toronto-based Social Investment Organization reported that socially responsible investment assets in Canada have increased more than 668% since 2004, from $65.5 billion to $503.6 billion. “It’s been quite a breakthrough year,” […]

By Bryan Borzykowski |March 22, 2007

3 min read

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(March 21, 2007) Canada’s status as one of the most business-friendly countries in the world might be in jeopardy, according to a new Economist Intelligence Unit research paper sponsored by Accenture. The EIU is affiliated with the magazine The Economist. According to the study’s findings, Canada’s business environment will improve only slightly in the years […]

By Staff |March 21, 2007

3 min read

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