Industry News

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Canadians confused about fees, survey suggests

(September 8, 2005) Nearly half of Canadians say they have only a vague idea of how much they are paying in fees to those who are managing their money, a new survey indicates. But at the same time, two-thirds say their advisor or firm has provided information on fees, suggesting that what’s being provided might […]

By Doug Watt |September 8, 2005

3 min read

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CI ponders trust structure as feds announce study

Does the tax advantage of FTEs relative to public corporations have a significant impact on how businesses are organized in Canada? Does the tax advantage of FTEs relative to public corporations have a significant impact on how businesses are organized in Canada? Have FTEs had a significant impact on tax revenues? Is there potential for […]

By Kate McCaffery |September 8, 2005

4 min read

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Central bank hikes rates

(September 7, 2005) The Bank of Canada today raised its key overnight lending rate 25 basis points to 2.75%. The increase was expected, but economists are now debating whether the central bank will continue raising rates, given the effects of Hurricane Katrina. The bank had not changed its interest rate since October of last year. […]

By Doug Watt |September 7, 2005

2 min read

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Manulife tops Dalbar pension statement review

(September 7, 2005) Manulife Financial’s defined contribution (DC) pension plan statements have come out on top in a recent review conducted by Dalbar Canada. Manulife ranked first, with a score of 88.94 in Dalbar’s first ever review of DC pension statements in Canada. Overall, Dalbar says companies are cognizant of not “talking above” their clients, […]

By Kate McCaffery |September 7, 2005

2 min read

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Briefly:

(September 9, 2005) The IDA has fined RBC Dominion Securities $130,000 after the brokerage firm designated a branch manager in a B.C. office who never actually performed the job. The case dates back to 1997 when RBC DS maintained branch offices in Penticton and nearby Kelowna. The Kelowna branch manager was instructed by the firm […]

By Staff |September 6, 2005

9 min read

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Conference planning: the busy fall season

(September 6, 2005) Fall means back to school, the end of a long summer, and a frenzied lineup of conference offerings catering to every sector of the financial services industry. Seminars on everything from leadership advice, practice management techniques, regulatory updates and business forecasts are lined up this year for industry members looking for education […]

By Kate McCaffery |September 6, 2005

3 min read

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Resources fuel August mutual fund returns

(September 6, 2005) Mutual funds with a high concentration in the resource sector again benefited from high oil prices in August, according to monthly performance data from Morningstar Canada. Morningstar Canada Natural Resources Fund Index posted a single month return of 6.3%, as crude oil futures topped $70 US a barrel, making August the third […]

By Steven Lamb |September 6, 2005

2 min read

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Central bank seen hiking interest rates

(September 2, 2005) The Bank of Canada should raise its key overnight lending rate 25 basis points to 2.75% next week, says the C.D. Howe Institute’s Monetary Policy Council. And bank economists seem to support the call. Nine of the 10 panel members voted for the increase. “The group felt that, notwithstanding weakness in some […]

By Doug Watt |September 2, 2005

2 min read

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Assessing Katrina’s impact on energy markets

(September 2, 2005) To understand where energy prices might be headed in the wake of Hurricane Katrina, it helps to have an accurate picture of where things stand now. Independent energy industry consulting firm Purvin & Gertz released a briefing today on the impact that the natural disaster had on oil and gas production, refining […]

By Kate McCaffery |September 2, 2005

3 min read

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Summer scorcher for fund sales

(September 2, 2005) Veterans of the mutual fund industry often bemoan the dog days of summer, when Canadians usually ignore their investments and concentrate on vacations. But that certainly hasn’t been the case this year. IFIC today reported preliminary sales of approximately $1.75 billion for the month of August, following net sales of $1.9 billion […]

By Staff |September 2, 2005

1 min read

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