Industry News

Déjà vu: Securities industry suffers second straight quarterly setback

(December 18, 2002) Canada’s brokerages saw reduced profits in the July-September period in a repeat performance from the previous quarter, according to the latest securities industry report from the Investment Dealers Association. Third-quarter profits suffered a double-digit decline compared to last year as revenues from nearly all lines of business fell. Quarterly profits tumbled 10% […]

By Doug Watt |December 18, 2002

2 min read

Industry

RRSP investors staying the course, online poll suggests

(December 17, 2002) The majority of Canadians are not planning to scale back their RRSP contributions this year despite the weak performance of the stock markets, suggests an online poll conducted for Advisor.ca. Three-quarters of respondents said they would contribute the same or more to their RRSP in 2002. The informal poll was posted earlier […]

By Doug Watt |December 17, 2002

2 min read

Industry

CFA class of 2002 includes strong contingent of Canadians

(December 16, 2002) More than 500 Canadians are in the class of 2002 for the international Chartered Financial Analyst designation. A total of 527 Canadians passed the third and final level of examination and satisfied all other requirements to be awarded the CFA. The U.S.-based Association for Investment Management and Research (AIMR) today announced the […]

By Jim MacDonald |December 16, 2002

1 min read

Industry

Money market funds take a hit as mutual fund sales slip again

(December 16, 2002) Mutual fund sales finished in the red for the eighth straight month in November, despite improving stock markets and overwhelmingly positive fund performance. Last month’s outflows reached $580 million, according to the Investment Funds Institute of Canada. That total is an improvement from previous months. Redemptions topped $1 billion in both September […]

By Doug Watt |December 16, 2002

3 min read