Industry News

Decorative pattern

Rising household debt not an issue, RBC argues

(August 12, 2005) More Canadian households are beginning to manage their debt and finances in the same way corporations do, say RBC economists, by using lines of credit and other relatively new ways of borrowing to smooth incomes over the course of their lifetimes. This growing reliance on lines of credit and similar products is […]

By Kate McCaffery |August 12, 2005

3 min read

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Younger Canadians also seeking advice

(August 12, 2005) It’s a demographic that is sometimes overlooked by advisors, but new research suggests it may be a mistake to ignore young Canadians. In fact, most Canadians who are going to use a financial advisor will do so by the time they are 30, according to Environics. While that doesn’t mean clients won’t […]

By Doug Watt |August 12, 2005

2 min read

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CPP reserve fund swells to $87 billion

(August 11, 2005) The Canada Pension Plan Investment Board (CPPIB) is beefing up its real estate and infrastructure holdings in an ongoing effort to diversify and hedge pension assets against inflation. In the last quarter, the board nearly doubled its real estate holdings to meet those objectives. Overall, the CPP reserve fund grew $5.7 billion […]

By Kate McCaffery |August 11, 2005

2 min read

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Equity offerings flag in second quarter

(August 11, 2005) Despite a strong rally in the Canadian equity market in the first half of 2005, there has been a dramatic decline in financing activity through the second quarter, according to the IDA. Total new equity issuance has fallen by 15% — both in terms of the number of deals and their value […]

By Steven Lamb |August 11, 2005

3 min read

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Elimination of FPR will also affect pension plans

(August 10, 2005) Removing the foreign property rule has shifted considerations in many areas of money management, including pensions, but where defined benefit (DB) plans have professionals determining appropriate asset mixes, clients with defined contribution (DC) plans could find themselves behind the curve. DB plan are typically handled by large investment managers. However in DC […]

By Kate McCaffery |August 10, 2005

2 min read

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Supply squeeze favours oil sands investments

(August 10, 2005) Despite some optimistic predictions to the contrary, the world is entering a long-term period of high oil prices, as world demand surges and production increases only gradually, according to one senior strategist. “Over the last six years big oil has failed to replace their production,” says Donald Coxe, global portfolio strategist for […]

By Steven Lamb |August 10, 2005

3 min read

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High-yield default rate remain historically low

(August 9, 2005) The default rate on lower-grade global corporate bonds rose to 1.71% in the second quarter, but still remains near the eight-year low of 1.58%, recorded in March, according to the latest data from ratings agency Standard and Poors. Speculative grade bonds — also commonly referred to as high yield or junk bonds […]

By Steven Lamb |August 9, 2005

1 min read

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Housing starts ‘on fire’ in July

(August 9, 2005) The boom in new housing construction looks set to continue for the rest of the year in Canada, but the latest numbers from the Canada Mortgage and Housing Corporation (CMHC) suggest affordability is becoming a greater issue for many would-be homeowners. Low mortgage rates and solid labour market conditions helped housing starts […]

By Kate McCaffery |August 9, 2005

2 min read

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Briefly:

(August 12, 2005) The Ontario Securities Commission is seeking comment on its latest proposal to reduce fees. The regulator wants to cut fees by 11% in an effort to pare down a $35.9 million budget surplus over a three-year period. “Like many other organizations in the financial services industry, our costs have risen, but as […]

By Staff |August 8, 2005

12 min read

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Experts weigh in on proposal to creditor-proof RRSPs

(August 8, 2005) Proposed changes by the federal government to creditor-proof RRSPs are being called a step in the right direction. But one observer says they don’t go far enough. New rules were tabled this past June as part of the insolvency and wage earner protection legislation, which proposes sweeping changes to secure an individual’s […]

By Mark Brown |August 8, 2005

3 min read

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