Industry News

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(March 12, 2007) Statistics Canada released its labour productivity report for 2006’s final quarter and found that productivity in Canadian businesses increased 0.3% between October and December. That raised the annual rate for 2006 to 1.2%, still lower than the 2.1% recorded in 2005. StatsCan measures productivity by comparing hours worked to the GDP. Productivity […]

By Staff |March 12, 2007

2 min read

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SRI screens have little impact on returns: study

Investing in a socially responsible manner seems to have little impact on investment returns, according to one of the most recognized SRI advocates. A survey by Corporate Knights magazine found that half of Canada’s 28 retail SRI equity funds posted a return in the top half of the market in 2006, while the remaining 14 […]

By Steven Lamb |March 12, 2007

3 min read

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(March 9, 2007) The Canadian Association of Income Trust Investors issued a release on Friday arguing that “tax leakage” is not a valid reason for the federal government to impose taxes on income trusts, claiming support from members of the banking community. CAITI said the government’s tax policy was premised on the belief that income […]

By Staff |March 9, 2007

4 min read

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Still-private Wellington West opens the books

Nearly two years before it plans to go public, Wellington West Holdings Inc. has released an annual report complete with all of its financials. The unusual move for a still-private entity is part of what the Winnipeg-based firm’s CEO, Charlie Spiring, calls being “a public company in training.” “We talk about transparency all the time. […]

By Renée Alexander |March 9, 2007

3 min read

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Berkshire rumour part of larger trend

While rumours and innuendo swirl concerning the apparently imminent sale of Berkshire, some within the industry say there is a better way to grow than buying an entire dealership. Taking the 80/20 rule into account, why should an acquirer buy the whole firm when it wants only the top 20% of producers? “Our view is […]

By Steven Lamb |March 9, 2007

3 min read

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(March 8, 2007) Alterra Capital announced that Wellington West will be the exclusive principal agent for the Alterra U.S. Venture Capital Fund, a private offering with a $50 million maximum that is designed to allow individual investors access to the U.S. venture capital market. Alterra said the fund will be sub-advised by Spencer Trask Asset […]

By Staff |March 8, 2007

3 min read

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Strong RRSP sales 2007: poll

A Decima research exit poll conducted on behalf of Investors Group has found that 42% of eligible Canadian investors contributed to their RRSP this season. It was Investors Group’s first time conducting the poll, so it couldn’t compare figures to those of previous years, but citing figures from a Statistics Canada report from November, which […]

By Mark Noble |March 8, 2007

2 min read

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Manulife sues Portus banker

A class action suit has been filed by Manulife Securities International against the French bank Société Générale over its role in the Portus fiasco. The suit names Société Générale, Société Générale (Canada), Lyxor Asset Management and Société Générale Securities Inc., with all Portus investors being represented in the class. Société Générale was named as the […]

By Steven Lamb |March 8, 2007

2 min read

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(March 7, 2007) BMO Harris Private Banking is launching a value-added service to its personal banking for wealthy clients that will assist them with time-consuming tasks that range from transferring money to university-age children to helping with laundry and groceries. “From banking to investing to lifestyle services, enCircle EXEC is designed to simplify our clients’ […]

By Staff |March 7, 2007

3 min read

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Canadian listings draw BMO to Britain

BMO Capital Markets joined a growing list of brokerages that are getting involved in underwriting Canadian companies listing on London’s Alternative Investment Market, a flexible sub-market within the London Stock Exchange. BMO has hired a team of professionals based in London, England, to broaden the firm’s capabilities in serving smaller listed companies, especially in the […]

By Mark Noble |March 7, 2007

3 min read

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