Industry News

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Manulife tops in policy statements: DALBAR

Despite the complexity of the products it offers, the insurance industry is doing a commendable job in creating understandable policyholder statements for consumers, according to DALBAR, a recognized evaluator of communications in the financial services industry. Manulife took the overall performance award as well as top honours for both universal life and segregated fund statements. […]

By Mark Noble |March 21, 2007

2 min read

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Budget 2007 lacked focus: IIAC

Monday’s federal budget has received a rather tepid response from the head of the Investment Industry Association of Canada, who says Finance Minister Jim Flaherty could have done a lot more to encourage more risk investment. “I was surprised by the lack of focus,” says Ian Russell, president and CEO of the IIAC. “The last […]

By Steven Lamb |March 21, 2007

2 min read

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Ethically speaking: Double dilemma

(March 2007) We asked FCSI designees to respond to your ethical conundrums — everything from culling clients to specific fund recommendations and a host of suitability issues. In this month’s column, FCSI Stuart Hoffman offers his suggestions for dealing with an unhappy client who thinks her advisor is not being sufficiently proactive. You wanted to […]

By Staff |March 20, 2007

4 min read

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(March 20, 2007) Inflation rose substantially in February, StatsCan reports. Consumers paid 2.0% more in February for the goods and services included in the Consumer Price Index basket than they did in February 2006. The increase in all-items CPI from an annualized rate of 1.2% in January to 2.0% in February was the sharpest since […]

By Staff |March 20, 2007

4 min read

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Canadians favour foreign bonds: StatsCan

Canadians continued to show a preference for foreign investments, particularly bonds, which saw record levels of investment for the month of January, according to the latest report from Statistics Canada. StatsCan reports that Canadians added $7.8 billion worth of foreign securities to their holdings in January. Much of the investment in foreign holdings was in […]

By Mark Noble |March 20, 2007

2 min read

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(March 19, 2007) Scotiabank announced Monday that it has signed a strategic co-operation memorandum with the China-based Bank of Dalian Co. Ltd., formerly Dalian City Commercial Bank. The memorandum outlines Scotiabank’s intention to explore a strategic partnership by way of a minority investment in one of China’s larger commercial bank. Founded in March 1998 and […]

By Staff |March 19, 2007

3 min read

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Budget 2007: Flaherty takes on regulatory reform

Some boosts for small companies Old age benefits A Conservative balancing act Tax planning, perks and hidden gems “Canada simply cannot afford 13 securities acts and securities regulators,” the Minister said in a budget document entitled Creating a Canadian Advantage in Global Capital Markets. “In order to remain competitive and fully engaged internationally, Canada must […]

By Steven Lamb |March 19, 2007

3 min read

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Budget 2007: Tax planning, perks and hidden gems

Families first Some boosts for small companies Old age benefits A Conservative balancing act For RRSPs as well, the budget announcement proposes to amend the list of qualified investments that can be held in registered plans to include most investment grade debt and publicly listed securities. Parents of children with severe disabilities, meanwhile, who are […]

By Kate McCaffery |March 19, 2007

7 min read

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Budget 2007: A Conservative balancing act

Families first Some boosts for small companies Old age benefits Tax planning, perks and hidden gems “This budget is about helping families,” said Finance Minister Jim Flaherty, in his budget speech to the House of Commons. “It is also about achieving our country’s full potential, and showing a modern, ambitious and energetic Canada to the […]

By Steven Lamb |March 19, 2007

4 min read

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Budget 2007: Families first

Some boosts for small companies Old age benefits A Conservative balancing act Tax planning, perks and hidden gems Federal Finance Minister Jim Flaherty announced a new Registered Disability Savings Plan, a plan modelled after an RESP that allows anyone — family members and non-relatives alike — to contribute a maximum of $200,000 into a RDSP, […]

By Bryan Borzykowski and Mark Noble |March 19, 2007

3 min read

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