Industry News

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Regulatory reckoning: Dealing with a

(October 21, 2003) Imagine standing on the beach while a tidal wave comes in. That’s how some are describing this fall’s unprecedented number of proposed improvements to the country’s securities regulation system, including the Wise Persons’ Committee and Uniform Securities Legislation. In this special two-part feature, Advisor.ca takes a closer look at four of the […]

By Doug Watt |October 21, 2003

4 min read

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Briefly:

(October 24, 2003) Federal Finance Minister John Manley has announced the appointment of Charlottetown lawyer Ronald J. Keefe to the board of directors of the Bank of Canada. “I am confident that Mr. Keefe will serve the Bank of Canada effectively,” Manley stated. “He brings impeccable credentials and a wealth of experience to his new […]

By Staff |October 20, 2003

4 min read

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Online calculator helps investors get back on track

(October 20, 2003) With stock markets recovering, many investors will be breathing a sigh of relief as they open their latest quarterly statements to find positive returns in their mutual fund portfolios. But how long will it take to recoup the heavy losses of the past few years? The Investor Education Fund attempts to answer […]

By Doug Watt |October 20, 2003

2 min read

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TD’s Drake sees Canada surviving

(October 20, 2003) Despite the challenges posed by outbreaks of disease, the blackout and the soaring dollar, the Canadian economy is in pretty good shape, according to Peter Drake, vice-president and deputy chief economist at TD Bank Financial Group. Drake admits the economy has been hit with some “bad luck” — with the combined effect […]

By Steven Lamb |October 20, 2003

3 min read

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Regulators approve new fund of funds rules

(October 17, 2003) Mutual funds composed of other mutual funds — an increasingly popular product for advisors and investors looking for customized asset allocation — will now have more flexibility in how they allocate assets. The Canadian Securities Regulators has approved amendments to National Instrument 81-102. Until now, mutual funds could invest no more than […]

By Scot Blythe |October 17, 2003

2 min read

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Canadians ready to invest, expecting stronger 2004

(October 16, 2003) Canadians are more optimistic about the markets for the upcoming year, but few realize the strength equities have shown already this year, according to a survey by Investors Group. Despite the TSX Composite index’s year-to-date gains of over 17%, only 36% of respondents were aware of the rally. Optimism for the future […]

By Steven Lamb |October 16, 2003

2 min read

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BoC keeps rate steady, as expected

(October 15, 2003) The Bank of Canada has left its trendsetting interest rate untouched at 2.75%. Economists had expected no change, but many in the business community have been calling for a rate cut to fight the rise in value of the loonie. “It was predictable, given the recent speeches but I think it was […]

By Steven Lamb |October 15, 2003

2 min read

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Morningstar: Canadian funds lose ground

(October 15, 2003) Canadian mutual funds gave back some of the gains made in the past five months, as Morningstar Canada revealed that only 11 of 32 Morningstar Canada Fund Indices posted gains in September. Nearly 80% of the funds tracked by Morningstar remain in positive territory on a year-to-date basis, thanks in large part […]

By Steven Lamb |October 15, 2003

2 min read

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Net fund sales slide in September

(October 15, 2003) Investors continued to cash out of money market funds, driving September’s net sales of mutual funds into negative territory, according to IFIC’s monthly industry report. Gross fund sales hit $8.3 billion, with reinvested distributions accounting for a $648 million of that total. There was an outflow of $885 million from money market […]

By Steven Lamb |October 15, 2003

2 min read

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Standard Life concerned about over-regulation of CAPs

(October 14, 2003) Standard Life has released its response to the Joint Forum of Financial Industry Regulators’ proposals regarding employer-sponsored pension plans and Group RRSPs. While welcoming the initiative as a means to “develop a foundation for the effective regulation of capital accumulation plans (CAP),” the firm has expressed concern that the current proposal will […]

By Staff |October 14, 2003

2 min read

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