Industry News

Fundcos celebrate strong year at investment awards show

The annual Canadian Investment Awards were handed out in Toronto last night, recognizing the best and brightest in the mutual fund industry. The Morningstar Fund Manager of the Year went to Allan Jacobs of Sceptre Investment Counsel Limited. For the past 16 years, Jacobs has managed the Sceptre Equity Growth Fund, which was named the […]

By Steven Lamb |December 1, 2006

3 min read

Briefly:

(November 30, 2006) The American subsidiary of Great-West Lifeco says it has purchased $9 billion US in retirement plan assets from U.S. Bank. The agreement includes the transfer of nearly 1,900 daily valuation and balance-forward defined contribution plans, representing approximately 195,000 participants. “This acquisition moves us significantly closer to our goal of becoming one of […]

By Staff |November 30, 2006

4 min read

Equity issuance, trading slow in Q3

There is new evidence that the long-anticipated economic slowdown has already had an impact on the Canadian markets. The summer months of 2006 were marked by a dramatic slowdown, as both financings and trading volumes fell, according to the latest report from the Investment Industry Association of Canada. New financings totalled just $9.1 billion between […]

By Steven Lamb |November 30, 2006

3 min read

Philanthropy still key factor in charitable giving

Although Ottawa’s move to cut the capital gains tax on donations of stocks to charities has clearly helped the sector, it’s not the main reason behind Canadians’ philanthropic decisions, a new survey suggests. In fact, 97% of those responding to a poll conducted for Scotiabank’s Scotia Private Client Group said their choices are motivated by […]

By Doug Watt |November 30, 2006

2 min read