Industry News

Decorative pattern

CPP urged to dump tobacco stocks

(August 5, 2005) The Canadian Medical Association is taking a different approach in its latest attempt to convince the CPP to divest its tobacco stocks, putting aside the usual health and social arguments and focusing on pure economics. “Expert evidence suggests that investments in tobacco are not a wise endeavour,” the CMA says in a […]

By Doug Watt |August 5, 2005

2 min read

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Jovian’s aggressive expansion strategy

(August 5, 2005) Jovian Capital has its sights set on the lucrative Ontario and British Columbia markets as it continues towards its goal of becoming a true national player. Philip Armstrong, CEO of the two-year-old holding company, which maintains head offices in both Winnipeg and Toronto, says considering the size of the markets, an expanded […]

By Geoff Kirbyson |August 5, 2005

3 min read

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Return of the

(August 4, 2005) The U.S. Treasury Department has opted to re-introduce the 30-year bond, starting in 2006. The last 30-year U.S. bond was launched in 2001, the same year the Clinton administration balanced the budget. Those balanced budgets are long gone though, as the U.S. funds military operation in both Iraq and Afghanistan, while cutting […]

By Steven Lamb |August 4, 2005

2 min read

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Ontario introduces long-awaited investor protection measures

(August 4, 2005) Investors burned by misleading public company statements could have a friend in the Ontario government. New legislation proclaimed this week will give stock market or secondary market investors the right to sue public companies that issue misleading financial reports, press releases and other disclosure documentation. The government released a statement on Wednesday […]

By Kate McCaffery |August 4, 2005

3 min read

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Oil continues to drive Canadian fund returns

(August 3, 2005) A sustained rally in the price of crude oil and an accompanying rise in oil-patch profits kept natural resource-based funds on top of July’s performance ranking for the second month in a row, according to Morningstar Canada. In fact, high oil prices have made the Morningstar Canada Natural Resources Fund Index the […]

By Steven Lamb |August 3, 2005

2 min read

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Summer smiles for fund industry

(August 3, 2005) The mutual fund industry’s surprising summer winning streak continued in July, with IFIC estimating net sales of between $1.4 billion and $1.9 billion. In June, mutual funds attracted $1.8 billion, the highest total for that month since 1998. “Results from the past few months indicate Canadians are making their savings and retirement […]

By Doug Watt |August 3, 2005

1 min read

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Briefly:

(August 5, 2005) Vancouver-based investment dealer Canaccord Capital has announced its best-ever quarter, earning $11 million on revenues of $99 million. Profits were up 32% and revenues rose 23% compared to the same three-month period last year. “We continued to successfully execute on our long-term growth strategy this quarter, demonstrating strategic focus and entrepreneurial spirit,” […]

By Staff |August 2, 2005

7 min read

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Scammers posing as regulators, NASAA warns

You cannot find references to them on any other regulatory websites. If you can’t find information about the “regulator” on the site of the International Organization of Securities Commissions (www.iosco.org) they probably are not a legitimate regulator. You cannot find references to them on any other regulatory websites. If you can’t find information about the […]

By Doug Watt |August 2, 2005

2 min read

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Index beat most active managers in Q2

(August 2, 2005) Active managers had a tough time keeping up with the Canadian benchmark index in the second quarter, as the burgeoning energy sector drove the S&P/TSX Composite to a return of 3.6%, according to the latest Russell Canadian Active Manager Report. Less than half of active equity managers (43%) were able to top […]

By Steven Lamb |August 2, 2005

2 min read

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CI not giving up on Amvescap

(August 2, 2005) The little Canadian money manager, CI Investments, could be preparing to launch a hostile takeover bid for U.K. behemoth, Amvescap. In a statement released on Monday to European media outlets, CI said it is considering a number of available options, including the possibility it will make a bid for the company, without […]

By Kate McCaffery |August 2, 2005

2 min read

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