Industry News

Decorative pattern

Buy Canada, says growth manager

Amid the growing number of voices encouraging investors to diversify their holdings, consider foreign equity funds and generally take money off the table and respect the significant run in Canadian equity stocks, the message that Canada is still a good place to look for growth, tends to stick out a little. That message is exactly […]

By Kate McCaffery |April 10, 2006

2 min read

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KPMG releases Portus docs, sends claims requests to investors

Newly released documents show Portus directors knew as early as March 2004 that their organizations were facing a number of compliance, privacy and accounting problems if their firms continued to raise capital. Despite this and legal advice urging them to stop their fund-gathering efforts, the company continued to pull in another $500 million in assets, […]

By Kate McCaffery |April 10, 2006

4 min read

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Safeguarding files will protect clients from ID theft

Keep client data on networks and not on hard drives, because thieves often take computer hardware and dissect the contents later. Laptops especially are easy to snatch. Improve passwords by making people add numbers or symbols. Thieves that gain access to a firm’s computers can run a dictionary programme that tries word after word until […]

By Philip Porado |April 7, 2006

2 min read

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Fundcos urged to join income bandwagon

Mutual funds have a dog’s life: they’re fed money, they occasionally mess on the carpet and they age faster then their owners. While investors can age gracefully over the next 10 years, mutual fund manufactures have half that time — at best — to prepare for 2016 if they expect to hold on to their […]

By Mark Brown |April 6, 2006

2 min read

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Fees lower than ever, fund exec says

While the jury is still out on whether the public cares about mutual fund fees, all-in costs on funds have in fact never been lower, according to David Feather, president of Mackenzie Financial Services. And considering the value of the advice and management they pay for, investors are getting their money’s worth, he claims. “It […]

By Steven Lamb |April 6, 2006

3 min read

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Spring cleaning time! Help your clients tidy their household finances

When spring arrives, the urge to tidy up winter’s clutter can be inescapable. Why not help your clients clean up their household finances while they’re in the spring cleaning state of mind? It’s no secret that Canadians need to better manage their debt. By incorporating better borrowing strategies into their financial plans, you can help […]

By Staff |April 5, 2006

3 min read

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The downside of cutting the GST

Consumers hate paying tax, which makes the Conservative government’s promise to cut the GST particularly attractive, but the immediate relief provided by such a tax cut will likely be offset later on in pensions and programs where benefits are indexed to inflation, according to a C.D. Howe Institute report. “Canadians, having sadly little experience with […]

By Kate McCaffery |April 5, 2006

2 min read

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Metals, resource funds roared back in March

Investors in precious metals funds enjoyed a golden age of double digit returns in March, more than making up for poor performance in February, as these funds closed out the first quarter with a chart-topping month, according to preliminary data from Morningstar Canada. “Precious metals prices again ascended in March and have by and large […]

By Steven Lamb |April 4, 2006

3 min read

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Bank executive blasts insurance prohibitions

RBC’s chief operating officer says Ottawa should ease the “bizarre” rules that forbid Canadian banks from selling insurance in branches. In a speech on Monday in Montreal, Barbara Stymiest, the former head of the TSX, called the regulations unreasonable and not in the best interests of clients. “This is not about better service and it […]

By Doug Watt |April 4, 2006

3 min read

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March fund sales expected to be $3.8 billion

The RRSP season ended on a high note for the mutual fund industry, with IFIC estimating preliminary net sales for March of between $3.5 billion and $4.1 billion. That’s down from February, when net sales were $4.9 billion, but up from March 2005’s total of $3.4 billion. “The preliminary numbers are a credit to the […]

By Doug Watt |April 4, 2006

2 min read

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