Industry News

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Reduce RRSP limits, says think tank

(March 17, 2004) The Canadian Centre for Policy Alternatives wants the federal government to cut RRSP contribution limits by 16%, a move the Ottawa-based think tank says will raise tax revenues by $1.5 billion. In its alternative federal budget released yesterday, the CCPA recommended that RRSP limits be set at 18% of twice the average […]

By Doug Watt |March 17, 2004

2 min read

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Tax reforms, not cuts expected in federal budget

(March 16, 2004) With little extra cash in the coffers, it seems unlikely Ottawa will introduce new tax cuts in the federal budget. But tax reforms are a possibility, experts say. Jamie Golombek, vice-president, tax and estate planning at Aim Trimark Investments, doesn’t expect much in the way of tax changes from Federal Finance Minister […]

By Doug Watt |March 16, 2004

3 min read

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Wanted: A few great advisors

(March 15, 2004) It’s back! The Advisor of the Year Award (AOTY) is entering its sixth year and now is the time to start getting your case study ready. Every year it seems the competition gets tougher, as advisors who enter AOTY raise the bar in the industry, says Darin Diehl, editor of The ADVISOR […]

By Steven Lamb |March 15, 2004

3 min read

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Briefly:

(March 19, 2004) Trusteed pension funds recorded a second consecutive quarter of positive cash flow in the third quarter of 2003, according to StatsCan. The report says this improvement shows such pensions to be “well on the road to recovery.” Total assets in these funds hit a high of $614.4 billion during the quarter, but […]

By Staff |March 15, 2004

6 min read

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Fund sales hit four-year high

(March 15, 2004) Net sales of mutual funds reached $5 billion in February, IFIC confirmed today, capping off the best RRSP season since 2000. “Sales for the first two months of 2004 totaled $6.9 billion, compared with only $16 million in the same period, one year ago,” said Tom Hockin, IFIC president and CEO. “Some […]

By Steven Lamb |March 15, 2004

3 min read

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Latin American funds stage stealth rally

(March 12, 2004) Natural resource and Latin American equity mutual funds were February’s top performers in a month which saw the vast majority of funds gain ground, according to Morningstar Canada’s monthly report. “Broad-based strength in global equity markets drove approximately 96% of funds into positive territory last month, building on January’s gains,” says Morningstar […]

By Doug Watt |March 12, 2004

2 min read

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Market rally stalled, not sidelined: Economist

(March 12, 2004) Stocks have stumbled badly this week and could fall even further, says economist Sherry Cooper, predicting a correction of about 10%. But Cooper believes this is not the end of the bull market. “While economic activity has slowed worldwide from the breakneck third-quarter pace of last year, lower interest rates and still-strong […]

By Doug Watt |March 12, 2004

2 min read

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CPP Investment Board chief discusses

The federal finance minister appoints directors from the nominating committee’s list after consulting the provincial finance ministers. Qualified board candidates are identified and recommended by a nominating committee consisting of federally and provincially appointed members and a private sector CEO chair. The organization has its own board of directors and professional management team with “experience […]

By John Craig |March 11, 2004

3 min read

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Trusts don’t affect tax coffers: Study

R elated Stories Income trust expert says “lost tax” issue is overblown Regulators closely watching income trusts Regulators want more disclosure from income trusts Income trust market still hot The study also found the tax reduction was minimized by the capital gains realized when the companies converted to the trust structure. Because investors were assigning […]

By Steven Lamb |March 11, 2004

3 min read

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B.C. planner still irked at IDA

(March 10, 2004) It’s been a month since Bernie Geiss resigned from the securities industry in a dispute with his dealer and the IDA over financial planning. Since then, the B.C.-based fee-for-service planner has received some clarification from the brokerage industry association, but hasn’t changed his mind about quitting. The disagreement centres around an IDA […]

By Doug Watt |March 10, 2004

3 min read

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