Industry News

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Bank of Canada issues financial sector update

The Bank of Canada released its bi-annual Financial System Review today, a broadly inclusive compilation of industry statistics, research and analysis designed to improve understanding of recent developments and trends in Canadian and international financial systems. Although some parts of the report do not provide any new research or analysis, the volume of statistics and […]

By Kate McCaffery |June 15, 2006

4 min read

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May fund sales slump with the markets

Canadians were a little more cautious in funding their mutual fund portfolios in May when the current market correction began. Net new sales totaled $411 million, while reinvested distributions of $574.3 million boosted total net sales to $985 million. Foreign equity fund sales remained strong, totaling $338 million for the month, or $2.3 billion year […]

By Steven Lamb |June 15, 2006

2 min read

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Ottawa sends

MGAs put tech on the front burner Insurance advisors want more from their MGAs Retirement boom fuels new investment strategies It’s the stories that sell CI More Conference Collection: It’s the stories that sell CI Retirement boom fuels new investment strategies Insurance advisors want more from their MGAs MGAs put tech on the front burner […]

By Doug Watt |June 15, 2006

3 min read

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Role reversals

(June 2006) To retire comfortably, many advisors will say clients need at least 70% of their pre-retirement income. And that figure may increase substantially for high-net-worth clients, since they are least likely to compromise their current lifestyles. But for those people who don’t have that 70%, it isn’t necessarily stopping them from retiring. Some will […]

By Deanne N. Gage |June 14, 2006

3 min read

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Briefly:

(June 14, 2006) Being the frugal lot that they are, it appears that wealthy Canadians are the most likely to avoid GST on goods and services for which they pay cash, according to a survey by lawyers.com. Among respondents earnings more than $100,000 a year, 52% admitted to evading GST payments. By comparison, only 33% […]

By Staff |June 14, 2006

3 min read

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U.S. headed for a soft-landing: TD Bank

Canadian investors should brace themselves against the spin-off effects of an economic slowdown south of the border, according to the June issue of the TD Quarterly Economic Forecast. “While high-flying energy prices and the lagged impact of Fed rate hikes will play a role in the U.S. economic slowdown, the main catalyst will be a […]

By Steven Lamb |June 14, 2006

3 min read

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Ministers moving

Alberta’s minister of finance is wrapping up a visit to Toronto, having met with the Council of Ministers of Securities Regulation — which she chairs — to review progress on the passport system and the initiative to harmonize and streamline securities laws across Canada. “We are extremely pleased with the work that’s been done to […]

By Kate McCaffery |June 14, 2006

4 min read

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Briefly:

(June 13, 2006) In an effort to demystify the hedge fund industry the Canadian chapter of the Alternative Investment Management Association (AIMA Canada) has launched a series of Hedge Fund Strategy Papers. “The Strategy Paper Series is intended as a user-friendly information source to promote investor understanding of the rapidly growing Canadian hedge fund industry […]

By Staff |June 13, 2006

3 min read

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Canadian financial firms not exempt from security breaches

Financial institutions in Canada — all of them — admit they’ve experienced information security breaches in the past year, according to an international survey. Globally, two out of the three most common attacks in the financial industry were deployed to extort some form of monetary gain, which implies professional hackers and organized crime have set […]

By Kate McCaffery |June 13, 2006

4 min read

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(June 12, 2006) Mackenzie Financial Corporation and BMO Financial Group have teamed up to launch the MSP ArMADA Protected Deposit Noted, Japan & International Growth Class, Series 1. The principal protected notes, issued by the Bank of Montreal, are available for sale until August 11 and will mature on or about August 17, 2012. The […]

By Staff |June 12, 2006

2 min read

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