Industry News

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Responsible investing awareness slowly growing

Around the world, institutional asset managers say responsible investment considerations are coming to the forefront as globalization, as well as social and environmental issues, begin to have a larger impact on performance and the markets. A survey of 157 money managers, conducted by Mercer Investment Consulting, found that environmental issues like climate change feature less […]

By Kate McCaffery |March 14, 2006

4 min read

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Briefly:

(March 17, 2006) The Canadian Coalition for Good Governance has named a new chair to replace Michael Wilson, who has departed to become ambassador to the U.S. The new chair is Doug Pearce, CEO of the British Columbia Investment Management Corporation. “The coalition has made great strides in working with regulators, exchanges, educational institutions and […]

By Staff |March 13, 2006

13 min read

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OSC issues cease trade order against Juniper funds

The Ontario Securities Commission issued a cease trade order last week against the Juniper Equity Growth and the Juniper Income funds. A hearing has been scheduled before the Commission on Thursday, March 23, 2006 to determine whether the temporary order should be extended. The OSC says its staff has been conducting a compliance review into […]

By Kate McCaffery |March 13, 2006

2 min read

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Net redemptions take their toll

Six months of net redemptions at AIM Trimark has highlighted advisor and client concerns about current holdings and their wariness of new deposits. As with preceding months, February’s net redemptions of $289 million resulted from both of those factors. Inflows fell by almost 50% compared to February 2005, while total redemptions rose by 14%. Most […]

By Al Emid |March 13, 2006

3 min read

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IDA appeal has wider implications

The IDA has quietly launched an appeal of a Saskatchewan hearing panel decision that threatens to unravel the regulator’s power to discipline its former members. Although the case has attracted little public attention, it could force Canada’s securities commissions to act if the IDA loses. Last month, a Saskatchewan Financial Services Commission hearing panel determined […]

By Mark Brown |March 10, 2006

4 min read

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The real estate debate: boom or bubble?

Real estate values have been on a tear for the past five years in many parts of Canada, as low interest rates have encouraged investors to enter the housing market. With easy access to cheap money and innovations such as “zero-down” mortgages, many Canadians have dipped their toes into real estate as an investment. As […]

By Steven Lamb |March 10, 2006

4 min read

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Desjardins unit buys Performa

Standard Life Financial has announced the sale of mutual fund dealer Performa Financial Group to Optifund Investments, a subsidiary of Desjardins Financial Security. “Desjardins Financial Security wants to double its market share outside Quebec,” said François Joly, president and COO of Desjardins Financial Security. “The transaction we are announcing today will help us reach that […]

By Steven Lamb |March 9, 2006

1 min read

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Crocus shareholders hear details of Growthworks offer

There appears to be light at the end of the tunnel for investors in the beleaguered Crocus Investment Fund. About 650 shareholders were presented with a proposal Wednesday night from David Levi, CEO of GrowthWorks Capital, at a special meeting in Winnipeg that would see them receive a cash payment of $1.55 per share and […]

By Geoff Kirbyson |March 9, 2006

3 min read

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Bank president pushes for insurance information in branches

The president of the National Bank of Canada says banks should be able to offer information on insurance products in branches, calling the current system “anachronistic and unjustified.” In a speech today to bank shareholders in Montreal, Réal Raymond said that the current regulatory framework “imposes serious limits on our insurance strategy and our ability […]

By Doug Watt |March 8, 2006

2 min read

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What RRSP rush?

Conventional wisdom suggests that RRSP season is the busiest time of year for the financial services industry. This year though, more and more advisors say the weeks leading up to the March 1 deadline was hardly a time of stress or concern. In fact, RRSP season sounds like a relatively relaxed affair for planners with […]

By Kate McCaffery |March 8, 2006

3 min read

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