News and resources for Canada's top financial advisors
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(June 23, 2005) The North American economy is likely to slow down, as a flattening yield curve indicates the current cycle is reaching maturity, according to Gavin Graham, vice president and director of investments, Guardian Group of Funds. “When interest rates are falling or flat — and we’ve been at 45 year lows in the […]
By Steven Lamb |June 23, 2005
4 min read
(June 23, 2005) At a time when big fund companies are lowering their management fees, one expects the smaller players would have to follow suit. But that’s not the case at one small-cap fund. Tom Stanley, manager of Toronto-based Resolute Growth Fund, actually asked his unitholders earlier this week for permission to raise management fees […]
By Mark Brown |June 23, 2005
2 min read
(June 22, 2005) The president of the Canadian Bankers Association says consumers should be able to get insurance referrals and product information in bank branches. Ray Protti says the current insurance restrictions on banks don’t make sense and should be changed. “Consumers should be able to get the insurance information they need when and where […]
By Doug Watt |June 22, 2005
3 min read
This ADVISOR Special Report is sponsored by: (June 2005) The Social Investment Organization hosted its biennial gathering in June, with delegates tackling the challenges of marketing socially responsible investing to clients through the advisor channel. To read all about this year’s Toronto conference, check out Advisor.ca’s in-depth coverage (which includes a bonus SRI talking points […]
By Staff |June 22, 2005
(June 22, 2005) The Ontario government has nominated David Wilson, vice-chair of Scotiabank and CEO of Scotia Capital, as the new chair of the Ontario Securities Commission. If the nomination is approved, Wilson will assume his new role in November, replacing David Brown, who is leaving the post at the end of June after a […]
1 min read
(June 21, 2005) The Certified Financial Planner (CFP) designation faces several challenges, making it essential that planners have a strong voice of their own, according to Keith Costello, president of the Canadian Institute of Financial Planners (CIFPs). At the organization’s annual general meeting Tuesday morning in Niagara Falls, Costello said the various “threats” planners face […]
By Steven Lamb |June 21, 2005
(June 21, 2005) Ontario’s insurance regulator says a recently-completed investigation reveals virtually no evidence of trading abuses, such as market timing, frequent trading or late trading, in segregated funds. Further, the Financial Services Commission of Ontario (FSCO) says the province’s insurance companies have effective controls in place to prevent such problems. FSCO began its probe […]
By Doug Watt |June 21, 2005
(June 21, 2005) Advisors and their clients can expect a lower-cost and simpler world if the financial services sector unfolds as envisioned by federal Finance Minister Ralph Goodale. Meanwhile advisors confronted by clients worried about their defined benefits pension plans will have to wait longer for any specific solutions. Goodale linked the establishment of a […]
By Al Emid |June 21, 2005
(June 20, 2005) A group of experienced advisors has set up a committee to help promote socially responsible investing to the retail investor. The committee came out of an advisor workshop at last week’s Social Investment Organization conference in Toronto, says Sucheta Rajagopal, an SRI specialist with Hampton Securities. The committee’s first priority will be […]
By Doug Watt |June 20, 2005
(June 24, 2005) Soaring energy and mineral prices have been a boon to the Prairie provinces, particularly Alberta, the IDA says in a new report. “Oil and gas revenues allowed [Alberta] to become essentially debt free this year,” the brokerage industry association says. “With strong finances, Alberta will have considerable fiscal flexibility in the future […]
By Staff |June 20, 2005
16 min read
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