News and resources for Canada's top financial advisors
Industry
(August 22, 2006) The quality of financial reporting has improved over the past three years, according to a survey of Canadian CFOs conducted by Robert Half Management Resources. The study found 33% of CFOs were more confident this year in the accuracy of their own company’s reporting than they were in 2003. ” The Sarbanes-Oxley […]
By Staff |August 22, 2006
3 min read
Don’t bother trying to schedule an appointment with your clients just yet; they’re still at the cottage. When they get back though, if you get a chance to talk about it, there are a number of tips and easy suggestions you can discuss with your clients that will help them save money down the road. […]
By Kate McCaffery |August 22, 2006
8 min read
(August 21, 2006) The Bank of Canada has calculated the effect of the Conservative government’s new tax cuts on the consumer price index. Largely attributable to the reduction of the GST from 7% to 6%, the Bank says July’s year-over-year CPI reading was reduced by 0.5 percentage points. The year-over-year impact on core CPI was […]
By Staff |August 21, 2006
2 min read
“That’s a wrap.” It sounds like an everyday statement, but those words had double meaning for the Australia division of Credit Suisse in July, when it waved the white flag above its two-year-old wrap program that failed to gain scale. This failure has some experts speculating about what this will mean for other new entrants […]
By Mark Brown |August 21, 2006
(August 18, 2006) Canadians continued to seek out foreign investments in June, according to StatsCan, possibly a sign they are heeding the advice to diversify beyond the highly concentrated domestic market. Acquisitions of foreign securities totalled $4.0 billion in June, making it the 17th consecutive month for the foreign shopping spree. Bond purchases dominated the […]
By Staff |August 18, 2006
Time management is the number-one challenge CFP advisors say they grapple with in their practices. That challenge is permeating the industry, affecting business structures, compensation and everything from service relationships to product development. This finding underscores a host of others in the recent Credo Consulting survey of industry CFP advisors, entitled Understanding & Supporting the […]
By Kate McCaffery |August 18, 2006
4 min read
(August 17, 2006) BMO Capital Markets has announced it will offer investment banking services in China, through its new office in Beijing. BMO Capital Markets already operates in Guangzhou, Hong Kong and Shanghai. “We consider this the next vital step to achieving our objective of becoming a most trusted adviser to Chinese business leaders,” said […]
By Staff |August 17, 2006
StatsCan’s announcement on Wednesday that it had miscalculated the consumer price index for the past five years could not have come at a better time, as it preceded the Bank of Canada’s Summer Review by one day. The focus of this quarterly review? Inflation. It is common knowledge that any move by a central banker […]
By Steven Lamb |August 17, 2006
(August 16, 2006) London Life Investment Management has announced it has changed its name to London Capital Management Ltd. The company said the change was made to “reflect expanded investment mandates and distribution.” London Capital Management manages about $11 billion in assets under 20 different investment mandates. The newly-named company remains a wholly-owned subsidiary of […]
By Staff |August 16, 2006
The Investment Industry Association of Canada released its second-quarter equity review Wednesday morning, filling the summer gap of market forecast advice for investors. Looking at past equity issuance activity during the quarter and current conditions to predict movements in the coming months, Sherry Hum, financial analyst, capital markets, at the IIAC — formerly the IDA […]
By Kate McCaffery |August 16, 2006
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