Industry News

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Market prospects viewed as favourable for 2004

(January 8, 2004) The investment world has changed dramatically in the last 12 months, with economies improving and stock markets rebounding. There’s a tug of war between optimists and pessimists regarding the outlook for 2004, says a top U.S. mutual fund executive. The plusses appear to outweigh the minuses in the year ahead, suggested Bruce […]

By Doug Watt |January 8, 2004

2 min read

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2003 IPO market cooled after trust-laden 2002

(January 7, 2004) If 2003 seemed like a slow year for initial public offerings (IPO), it was only in comparison to a strong 2002, according to the annual PricewaterhouseCoopers report on IPO activity. While the number of IPOs was down 20% from the previous year, this was largely due to the strong demand for new […]

By Steven Lamb |January 7, 2004

2 min read

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Public opinion steers economy, says pollster

(January 7, 2004) The views of Canadian consumers don’t count for much when economists do their annual number-crunching and forecasting, but pollster Michael Marzolini believes that public opinion is a significant economic driver. Marzolini, chair of Pollara, presented the results of his firm’s annual economic survey this morning in Toronto, accompanied by a blue-ribbon panel […]

By Doug Watt |January 7, 2004

2 min read

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Dollar remains a concern for 2004

(January 6, 2004) Economic forecasts for 2004 have been virtually unanimous in their tempered optimism, but another caveat is repeated as well — the soaring dollar. The loonie is expected to remain at historically high levels versus the U.S. dollar, as the American cousin languishes against virtually all currencies in the developed world, but the […]

By Steven Lamb |January 6, 2004

3 min read

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(January 9, 2004) Economic growth in the fourth quarter of 2003 likely will not meet the Bank of Canada’s expectations, says deputy governor David Longworth. The central bank had predicted Q4 growth well above 4%. But Longworth says data received up to the end up of December suggests that figure will be “somewhat lower than […]

By Staff |January 5, 2004

8 min read

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Young Canadians worried about CPP, survey reveals

(January 5, 2004) Despite government assurances about the viability of the CPP, a majority of young Canadians are worried it won’t be around when they reach retirement age. A survey released today by TD Waterhouse Canada reveals that more than half of Canadians aged 25 to 39 lack confidence in the CPP. By comparison, Canadian […]

By Doug Watt |January 5, 2004

2 min read

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(January 2, 2004) Newport Investment Counsel Inc. announced Friday that it has appointed Morris Williams Investment Management Ltd. to act as a sub-advisor on two of its funds. Morris Williams replaces Sceptre Investment Counsel Limited as main investment sub-advisor to the Newport Yield Fund, and UBS Global Asset Management Inc. as one of three sub-advisors […]

By Staff |January 2, 2004

1 min read

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Discipline and trust remain key for 2004

(December 31, 2003) With 2003 in the bag, financial advisors must now focus squarely on 2004. Focusing on anything might not be the easiest thing to do on New Year’s Day, of course, but that’s why it’s a holiday. Discipline and trust appear to be the watchwords for the New Year, as advisors look ahead […]

By Steven Lamb |December 31, 2003

3 min read

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Few surprises ahead in 2004 tax season

(December 30, 2003) With the tax year drawing to a close, Canadians can look ahead to a fairly routine filing season, as there are few changes to the tax regime for 2004. “The good news is that the whole tax system will be indexed again, in accordance with inflation,” says Jamie Golombek, vice president of […]

By Steven Lamb |December 30, 2003

3 min read

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Advisor’s Edge puts business in focus

(December 29, 2003) When it comes to planning, one might assume financial advisors are ahead of the curve, since financial planning is a big part of what they do for their clients. But when it comes to their own businesses, advisors might not be exercising the same foresight they offer clients — and that’s the […]

By Steven Lamb |December 29, 2003

2 min read

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