Industry News

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StatsCan admits past CPI data flawed

Statistics Canada has revealed that it has been miscalculating the consumer price index for the past five years, understating inflation on average by 0.1% since early 2001. The understatement stems from a problem in the formula used to calculate price increases for hotel accommodation. Since 2001, StatsCan has calculated this element of the overall CPI […]

By Steven Lamb |August 16, 2006

2 min read

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(August 15, 2006) Sarbit Asset Management has announced the appointment of Nestor Theodorou as executive vice-president and portfolio manager for fixed income. “Fixed income will play a larger and larger role in people’s portfolios as the baby boomers are now hitting the age of retirement,” said Larry Sarbit, president and CEO of Sarbit Asset Management. […]

By Staff |August 15, 2006

2 min read

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Money markets boost fund sales in July

The Canadian mutual fund industry posted relatively solid sales in July, according to data from IFIC, ringing up net new sales of $854 million. Add to that $615 million in reinvested distributions, and total net sales reached $1.5 billion. In terms of net new cash, July was the best month since March. However, Rudy Luukko, […]

By Steven Lamb |August 15, 2006

3 min read

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Many boomers haven’t started to plan for retirement: Study

By now most advisors have heard horror stories of people not planning for retirement, but how scary is it? Actually, it’s downright terrifying. According to a recent study by Forrester Research, four out of every 10 baby boomers in the U.S. between the ages of 41 and 50 have not started any financial planning for […]

By Mark Brown |August 15, 2006

3 min read

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(August 14, 2006) Seneca College has officially launched its training centre for financial advisors, teaming up with several insurance and mutual fund companies. Like the general population, the advisory industry is graying, but the number of young people entering the profession has been lagging, especially on the insurance side. “Demand from the insurance and mutual […]

By Staff |August 14, 2006

2 min read

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Dialogue with the OSC

The Ontario Securities Commission has announced the date for its annual securities regulation conference. Dialogue With The OSC is being held at the Metro Toronto Convention Centre this year on Friday, November 10. The conference is touted as an opportunity for market participants and securities industry professionals to learn about the latest developments in capital […]

By Kate McCaffery |August 14, 2006

3 min read

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Overall housing strength masks regional divide

Canada’s construction boom is expected to continue throughout this year and into the next, although 2007 should see a slight decline in the number of new starts, according to a report from Canada Mortgage and Housing Corporation. The total number of new starts for 2006 is expected to reach 227,900 by the end of the […]

By Steven Lamb |August 14, 2006

2 min read

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Global Investment Roundtable

(August 2006) Throughout the 1990s, Canadian investors clamoured for more foreign exposure. Let’s think back to why that was. Partly, it had to do with the drooping dollar; in times of financial market stress, investors took refuge in the U.S. money market. Partly it had to do with the roller-coaster ride of commodity stocks, as […]

By Staff |August 14, 2006

1 min read

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(August 11, 2006) Jantzi Research has released the latest performance data for its Jantzi Social Index, which tracks the performance of companies that meet its criteria as socially responsible investments. For the month of July, the index returned 1.64%, underperforming its benchmarks. The S&P/TSX Composite Index and the S&P/TSX 60 Index increased by 2.03% and […]

By Staff |August 11, 2006

3 min read

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Websites for advisors

We’re all creatures of habit, and tend to revisit the same websites time and again during the average work week. Of course, Advisor.ca is an obvious favourite, but do you ever wonder what other sites your colleagues are using? Some recommendations are predictable; others are surprising — but all bear repeating for those who might […]

By Kate McCaffery |August 11, 2006

3 min read

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