Industry News

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Ontario regulator cuts surplus to $4 million

(July 7, 2005) The Ontario Securities Commission is reporting a $4.1 million surplus for fiscal 2005, down from $21.6 million the previous year. The surplus issue has been a focal point for critics in the past, who argue that a government agency should not be generating profits. Still, the commission has been reducing fees in […]

By Staff |July 7, 2005

2 min read

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CompCorp increases coverage limits

(July 7, 2005) Following the lead of the Canada Deposit Insurance Corporation, CompCorp, which protects policyholders in the event of an insurance firm bankruptcy, has increased its coverage limits. Accumulated values are now fully protected up to $100,000, CompCorp announced today, and for cash values, policyholders will receive at least 85% of their promised benefits. […]

By Doug Watt |July 7, 2005

2 min read

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Derek’s Test

Derek Test Article

By Staff |July 7, 2005

1 min read

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Canadian fund market slowly diversifying

(July 6, 2005) Canada’s investment fund market is still largely concentrated in Ontario, but other regions, most notably Quebec and Western Canada, are gaining ground, according to Investor Economics. The research firm gathered data on the country’s investment fund assets as of March 2005. Ontario has 48% of the market, a 2.5 percentage point drop […]

By Doug Watt |July 6, 2005

2 min read

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Amvescap rebuffs CI

(July 6, 2005) Amvescap has confirmed that CI Fund Management has made a bid for all or part of the company in an apparent effort to acquire AIM Trimark, the company’s Toronto-based subsidiary. Amvescap rejected the bid, saying it “is not in the best interests of shareholders.” Although Amvescap rejected the deal, reports suggest that […]

By Kate McCaffery |July 6, 2005

3 min read

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Trusts dominate IPO market in first half 2005

(July 5, 2005) Income trusts continued to dominate the Canadian market, in terms of initial public offerings (IPOs) in the first half 2005, accounting for more than $1.8 billion of the $2.6 billion in new listings, according to a study by PricewaterhouseCoopers (PwC). Trusts have become more and more common over the past three years […]

By Steven Lamb |July 5, 2005

2 min read

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RBC releases quarterly provincial outlook

(July 5, 2005) The Canadian dollar’s drag on international trade will likely diminish in the coming year and real GDP growth will likely pick up by 2006 as Canada’s strong domestic economy provides a boost and offsets struggling trade sectors. Authors of the RBC quarterly Provincial Outlook say real growth is expected to reach 2.7% […]

By Kate McCaffery |July 5, 2005

3 min read

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Oil fuels strong Canadian fund returns

(July 5, 2005) Renewed strength in the commodities markets helped boost Canadian mutual fund investment returns in June, according to Morningstar Canada’s monthly fund performance report. The top-performing fund categories in June were those with a resource-specific mandate, giving them a hefty exposure to soaring oil and precious metals prices. The Morningstar Canada Natural Resources […]

By Steven Lamb |July 5, 2005

3 min read

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IFIC reports positive fund sales in June

(July 5, 2005) The mutual fund industry appears to have attracted between $1.5 billion and $2.0 billion in net new investment in June, according to preliminary data from the Investment Funds Institute of Canada (IFIC). “Typically, investors wind down during the summer, but last month’s sales promise to be the best June we’ve had since […]

By Steven Lamb |July 5, 2005

1 min read

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Briefly:

(July 8, 2005) The Canadian Securities Administrators has published a new rule intended to harmonize and consolidate prospectus and registration exemptions across Canada. The change will result in more efficient access to capital markets, the regulator says. Provided all necessary approvals are obtained, National Instrument 45-106 Prospectus and Registration Exemptions (NI 45-106) will come into […]

By Staff |July 4, 2005

8 min read

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