Industry News

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IFIC’s Hockin announces retirement

(April 27, 2005) Tom Hockin has announced his retirement as president and CEO of the Investment Funds Institute of Canada (IFIC), effective October 2005, bringing an end to his 11-year career in the post. “Two years ago, when I turned 65, I told the board I was good for two more years, but I wanted […]

By Steven Lamb |April 27, 2005

4 min read

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Canadian equities pay off for pension funds

(April 26, 2005) Canadian equity investments provided superior returns for pension fund managers in the first quarter of 2005 compared to those focused outside our borders, according to a report from Morningstar Canada. A study of institutional pooled fund data, found the median fund in the Canadian Equity (Pure) pooled fund category returned 4.6% in […]

By Steven Lamb |April 26, 2005

2 min read

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Privacy lessons from the banks

(April 26, 2005) Human error is likely behind the most recent privacy faux pas in the Canadian banking sector. In the past two years, four branches of the Bank of Montreal misdialed phone numbers and sent personal client information to a home business in Montreal. Even with automatic dialers in place and ongoing internal awareness […]

By Kate McCaffery |April 26, 2005

3 min read

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Briefly:

(April 29, 2005) Board members at the Investment Funds Institute of Canada have discussed and approved a search process to find a suitable replacement for the association’s retiring president and CEO. Tom Hockin announced his October retirement earlier this week. The search committee, chosen to represent the different industry constituencies served by the association, includes […]

By Staff |April 25, 2005

7 min read

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Global growth fuels domestic productivity

(April 25, 2005) The Canadian economy should experience an upsurge in productivity in 2005 and 2006, according to Export Development Canada (EDC). The agency calls Canada’s sluggish productivity growth “the one blemish on an otherwise spotless economic record.” “The first phase of productivity improvement is already in place as the expansion of 2004 enabled many […]

By Steven Lamb |April 25, 2005

2 min read

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So what if China revalues?

(April 25, 2005) China’s competitiveness on the world stage is well known and beginning to irk members of the international trading community. The United States particularly is speaking out more aggressively against China’s currency policies that keep the renminbi pegged to the U.S. dollar, and considering moves to impose trade sanctions. Although some reports from […]

By Kate McCaffery |April 25, 2005

3 min read

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More filing online as tax deadline approaches

(April 22, 2005) More Canadians are e-filing their tax returns than ever before. The benefits are obvious to those who use the system and the pitfalls are negligible, but there are certain details to keep track of if you want to make your electronically enhanced relationship with the Canada Revenue Agency (CRA) relatively glitch free. […]

By Kate McCaffery |April 22, 2005

4 min read

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OSC to host investor town hall

(April 22, 2005) The Ontario Securities Commission is staging an investor town hall at the CBC Broadcasting Centre in downtown Toronto on May 31. The event will provide an opportunity for dialogue between consumers and regulators, including the OSC, the IDA, the MFDA and the Ombudsman for Banking Services and Investments, the commission said in […]

By Doug Watt |April 22, 2005

2 min read

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AIC finds soulmate in Third Avenue

(April 21, 2005) When AIC decided to launch its new Global Focused Corporate Class fund, they picked a New York-based sub-advisor few Canadians would recognize. But clearly the house of Michael Lee-Chin was more concerned with investment style than name recognition. “Third Avenue’s bottom-up value style with concentrated portfolios and low portfolio turnover is very […]

By Steven Lamb |April 21, 2005

3 min read

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Think carefully before referring, lawyer warns

(April 21, 2005) Referring clients to third-party products is routine for many advisors. But the controversy surrounding Portus has cast doubt on the practice. Advisors are right to be cautious, says a lawyer who focuses on financial advice. “If there is an advisory relationship, then any steps that the advisor takes within that relationship has […]

By Doug Watt |April 21, 2005

4 min read

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