Industry News

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Industry

Industrial Alliance boosts Clarington bid

Industrial Alliance Insurance and Financial Services has increased its bid price for Clarington to $15 per share, topping a bid of $14.75 per share from CI Financial. “This is the best offer and the only firm and binding offer made to Clarington shareholders to this point,” stated Yvon Charest, president and CEO of Industrial Alliance. […]

By Steven Lamb |December 5, 2005

2 min read

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Industry

Attitudes changing on post-retirement debt

Canada’s aging baby-boomers continue to change the face of society, with a new attitude toward post- retirement debt beginning to surface, according to RBC Financial Group’s 15th Annual RRSP survey. In a poll conducted by Ipsos-Reid, 48% of respondents said they did not believe it was necessary to pay off all of their debts before […]

By Staff |December 5, 2005

3 min read

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Industry

Tax proposal boosts November fund returns

The federal government’s “hands-off” policy toward income trusts helped drive returns in mutual funds focused on this segment of the market in November, according to data from Morningstar Canada. The Morningstar Canadian Income Trust Fund Index delivered returns of 7.7% for the month, but they weren’t alone, as 29 of the 31 fund indices posted […]

By Steven Lamb |December 2, 2005

2 min read

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Industry

Russell to buy First Asset

Frank Russell Canada, a unit of U.S.-based Russell Investment Group, has announced it has reached a deal to purchase First Asset Advisory Services from AMG Canada. Financial details were not released. “Being part of Russell will allow us to continue to provide our clients with the excellent service to which they are accustomed,” said Lisa […]

By Steven Lamb |December 2, 2005

1 min read