Industry News

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August caps solid summer for fund sales

(September 15, 2005) Strong sales in August rounded out what has been the best summer for the mutual fund industry since 1997. IFIC reports that net sales for August were $1.8 billion, down slightly from $1.9 billion in July. “This represents a healthy showing for our industry and Canadians’ continued interest in investing over the […]

By Mark Brown |September 15, 2005

2 min read

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Japan’s banks to benefit from postal privatization

(September 14, 2005) For the most part, the business community applauds government plans to privatize operations, often seeing the move as a chance to invest in a long-standing monopoly. In the case of Japan’s post office, the prospect of a massive competitor coming into private hands is seen as a boon for the financial services […]

By Steven Lamb |September 14, 2005

4 min read

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AGF committed to comeback, says Goldring

(September 14, 2005) After a lengthy run of net redemptions, AGF returned to positive territory in the month of August and company president Blake Goldring says he believes the firm has finally returned to growth mode. “We’ve turned the corner and we’re going to get stronger by the day,” Goldring said Tuesday at an investor […]

By Doug Watt |September 14, 2005

3 min read

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Personal savings rate in

(September 13, 2005) The Canadian personal savings rate is often dismissed as being an incomplete and inaccurate picture of household saving. The number tends to overstate consumption and understate savings. As a consequence, not many experts are raising red flags over the fact that the rate of savings in Canada is at its lowest level […]

By Kate McCaffery |September 13, 2005

3 min read

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IDA advisors facing CE deadline

(September 13, 2005) The IDA is calling on its advisors and member firms to finish what they started. That’s the basic message conveyed in a friendly letter circulating this month, reminding advisors of the upcoming deadline — and “offside” penalties — for completing continuing education (CE) requirements — part of the IDA’s mandate stipulating that […]

By Heidi Staseson |September 13, 2005

4 min read

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Briefly:

(September 16, 2005) The British Columbia Securities Commission ruled Friday that a group of Bahamas-incorporated companies has been illegally selling securities to B.C. residents with the promise of 400% returns. The group of companies violated the Securities Act by trading securities without being registered to do so and by distributing securities without filing a prospectus. […]

By Staff |September 12, 2005

11 min read

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Investment industry sees profits slip

(September 12, 2005) Despite lower second-quarter earnings, Canada’s investment industry remains on a solid footing, according to the latest quarterly report from the IDA. Operating profits dropped 21% to $879 million across the industry, reflecting an 11% drop in operating revenues and an increase in expenses. But the bottom-line number was “not far off from […]

By Steven Lamb |September 12, 2005

2 min read

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OSC

(September 12, 2005) As the Ontario Securities Commission prepares to audit regulatory compliance among the provincially registered limited market dealers, many of those facing inspections are wondering what to expect. Since first being required to register in Ontario, LMDs have enjoyed exemptions from many of the regulatory rules governing retail mutual fund dealers, for example. […]

By Steven Lamb |September 12, 2005

4 min read

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Not all clients look alike, but they do have something in common; a potential need for critical illness insurance.

The cost of recovery from a critical illness can seriously erode your client’s finances. So whether your focus is meeting the special needs of business owners, protecting family finances, helping the single person stay independent, protecting retirement savings, or all of these and more, critical illness insurance can play a pivotal role. Our flyers, designed […]

By Staff |September 11, 2005

1 min read

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Parents not taking advantage of RESPs

(September 9, 2005) Canadian parents almost universally acknowledge the value of a post-secondary education and say they will go to extremes to ensure their children receive it, according to a survey. But less than half have opened Registered Education Savings Plans (RESPs). A survey conducted by Ipsos-Reid for RBC Financial Group found 97% of parents […]

By Steven Lamb |September 9, 2005

3 min read

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