Industry News

February fund sales positive, but analysts urge caution

(March 17, 2003) For the first time in nearly a year, Canada’s mutual fund industry enjoyed a positive month in February, with net sales reaching $485 million, the Investment Funds Institute of Canada reported today. But analysts say the respite from weak sales could be short-lived. For January and February, the traditional peak RRSP months, […]

By Doug Watt |March 17, 2003

3 min read

Industry

Private client business the focus of IDA pre-conference forum

(March 14, 2003) The Investment Dealers Association of Canada has announced details of its first private client forum on June 21, one day before the official opening of the brokerage industry association’s national conference in St. Andrew’s by-the-Sea, New Brunswick. The one-day event, called “Navigating Your Business Through Uncertain Waters,” aims to help private client […]

By Doug Watt |March 14, 2003

2 min read

Industry

Advisors expecting higher interest rates, online survey suggests

(March 13, 2003) The majority of Canada’s financial advisors believe the country’s central bank will raise interest rates over the next three months, according to a survey conducted by The ADVISOR Group. Three-quarters of those responding to the online poll said they expect higher rates, compared to 52% when the same question was asked last […]

By Doug Watt |March 13, 2003

2 min read

Industry

Wave of consolidation continues: Maritime Life to acquire Liberty Health

(March 13, 2003) Maritime Life continues to snap up its former rivals with today’s announcement that it plans to purchase Toronto health insurance firm Liberty Health for $140 million. The Halifax-based insurer says the acquisition will add approximately $700 million worth of premiums, mostly to its group insurance operations. Maritime Life is a subsidiary of […]

By Doug Watt |March 13, 2003

2 min read