News and resources for Canada's top financial advisors
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Donald J. Inch of Victoria, B.C. Paul Hirtle of Thunder Bay, Ontario Diane Geverink of Toronto, Ontario John Flasch of Hamilton, Ontario Reta Flanagan of Victoria, B.C. Nora Dowsett of Duncan, B.C. Lynn Cain of Ottawa, Ontario Stacey Browning of Belleville, Ontario Stacey Browning of Belleville, Ontario Lynn Cain of Ottawa, Ontario Nora Dowsett of […]
By John Craig |April 9, 2003
1 min read
(April 9, 2003) Air Canada’s $1.3 billion pension plan deficit did not force the airline into bankruptcy protection, according to the Office of the Superintendent of Financial Institutions, the regulator responsible for federal pension plans. Testing earlier this year revealed the possibility of a deficit, OSFI says. The regulator then asked Air Canada to put […]
By Doug Watt |April 9, 2003
2 min read
(April 8, 2003) Alberta Securities Commission head Stephen Sibold has been given the offical nod to become the new chair of the Canadian Securities Administrators, the umbrella organization for Canada’s 13 securities regulators. Sibold takes over from British Columbia Securities Commission chair Douglas Hyndman, who served as CSA chair for the past eight years. “As […]
By John Craig |April 8, 2003
(April 8, 2003) "Taxes exceed management fees and brokerage commissions in their ability to erode long-term investment returns," write Amin Mawani and Moshe Milevsky, both professors at the Schulich School of Business at York University in Toronto, and Kamphol Panyagometh, a post-doctoral researcher working with Mawani and Milevsky. Their work, “The Impact of Personal Income […]
By Scot Blythe |April 8, 2003
(April 8, 2003) Advisors have long recognized the danger of chasing performance: investors may be buying a fund just as it is peaking. But there’s another hazard to performance: data may disguise substantial tax liabilities. A study by Canadian researchers suggests that taxes eat up as much as 15% of the average fund return, which […]
3 min read
(April 8, 2003) The Investment Funds Institute of Canada kicked off its 6th annual Investor Education awareness month Monday with a breakfast in Toronto and those who attended were rewarded with an update on the new and controversial “fair dealing” guidelines that the Ontario Securities Commission is soon set to release. The new initiative — […]
By Art Melo |April 8, 2003
4 min read
(April 4, 2003) It’s too soon to declare a winner, but one year after fund manager Charles Brandes left AGF to start his own company, the new Brandes funds are outperforming their AGF rivals, according to data compiled by research firm FundMonitor.com. Based on nine-month returns ending March 31, the AGF International Value Fund has […]
By Doug Watt |April 4, 2003
(April 3, 2003) Canadian are feeling less confident about mutual funds and stocks, instead preferring more secure investments, such as real estate and fixed income, according to a survey released today by Manulife Financial. Manulife’s quarterly investor sentiment index, conducted in mid-March just before the invasion of Iraq, reveals that 36% of Canadians believe it’s […]
By Doug Watt |April 3, 2003
(April 3, 2003) Canada’s securities regulators have introduced several new Web-based tools aimed at investors as part of Investor Education Month, an annual campaign to promote investor awareness and financial literacy. The Ontario Securities Commission’s Investor Education Web site has added a section on working with financial advisors, offering a checklist on what investors should […]
(April 2, 2003) The future of critical illness insurance (CI) in Canada is anything but a guaranteed success despite being a hot product in a crowded market. In the April issue of Advisor’s Edge, assistant editor Sheila Avari looks at four problems plaguing the CI industry but also discusses how CI will have to evolve […]
By John Craig |April 2, 2003
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