Industry News

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A tale of two NAVs

Industry experts are scrambling to minimize confusion over the way mutual funds calculate their daily net asset value. Investors, mutual funds and advisors want NAV calculated the way it has been — based on daily closing prices — while accountants want NAV calculated based on bid/ask prices. Changing the way NAVs are calculated creates a […]

By Mark Brown |January 23, 2007

4 min read

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(January 22, 2007) A recent retirement survey by Desjardins Financial Security indicates that 72% of couples will not be able to retire in the same year. Polling more than 1,600 Canadian adults, Desjardins found that only 28% of workers 40 or older expect to retire at the same time as their spouses. The primary reason […]

By Staff |January 22, 2007

5 min read

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(January 19, 2007) Buoyant equity markets in 2006’s final quarter lifted Canadian pension fund returns into double digits for the fourth consecutive year, an RBC Dexia Investor Services study reports. RBC Dexia monitors $340 billion in pension fund assets and reports the funds earned 7.2% in the quarter ended December 31, boosting year-end performance to […]

By Staff |January 19, 2007

4 min read

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European debt market faces restructuring: report

Excessive leverage, aggressive business plans and the rising cost of raw materials will power a wave of corporate debt restructuring in Europe this year, according to one survey of investors on both sides of the Atlantic. Released by international law firm Cadwalader, Wickersham & Taft LLP and investment banking group Rothschild, the third annual European […]

By Mark Noble |January 19, 2007

3 min read

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(January 18, 2007) Talvest Mutual Funds announced on Thursday that a backup computer file containing client information recently went missing while in transit between its offices. The backup file contained possibly confidential info of approximately 470,000 current and former Talvest client accounts and may have included client names, addresses, signatures, dates of birth, bank account […]

By Staff |January 18, 2007

3 min read

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Cross border securities trade picks up

Foreign investors took a shine to Canadian bonds, making a massive investment of $11.3 billion in November 2006, according to the latest data provided by StatsCan. That makes it the second highest month on record in terms of bond sales. Corporate issues were the most popular, attracting $5.1 billion in foreign capital, while $3.4 billion […]

By Steven Lamb |January 18, 2007

2 min read

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Banks make their pitch to the

Representatives from two of Canada’s big banks say they would still like to see legislation that would allow them to sell life insurance in branches. But they insist even if such a change were to come about, it wouldn’t have a significant impact on the independent insurance brokerage channel. That’s because the banks would end […]

By Doug Watt |January 18, 2007

3 min read

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(January 17, 2007) Jovian Capital Corporation’s subsidiary, the Gibraltar Consulting Group, announced Wednesday the launch of the CIBC International Yield Deposit Note Series 3 and CIBC International Deposit Note Series 4. Gibraltar hopes the new series of notes can replicate the success of the Series 1 and 2 notes that recently closed with sales in […]

By Staff |January 17, 2007

5 min read

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Report calls for regulatory merger

Canada’s fractured regulatory landscape is much more than an inconvenience for registrants — it’s part of an overarching structure of artificial barriers that serve to stifle the entire economy, according to a new study. In a report entitled Mission Possible: Stellar Canadian Performance in the Global Economy, the Conference Board of Canada calls for the […]

By Steven Lamb |January 17, 2007

2 min read

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(January 16, 2007) Findings from an Ipsos Reid study released Tuesday state that many Canadian boomers are confused or ill prepared for retirement. Conducted on behalf of BMO Financial Group, the study, which polled Canadians between the ages of 45 and 60, found that across the board boomers would rather spend their time planning activities […]

By Staff |January 16, 2007

6 min read

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