Market Insights

Bastasic joins IA Clarington

IA Clarington Investments has hired award-winning portfolio manager Dan Bastasic as senior vice-president and portfolio manager. Bastasic comes to IA Clarington from Mackenzie Financial, where he was vice-president, investments. “We are extremely pleased to add a talented money manager like Dan Bastasic to our team,” said David Scandiffio, president, IA Clarington. “Dan’s hiring gives us […]

By Staff |May 30, 2011

1 min read

Industry

Inflation pummels bond market

Inflation expectations are on the rise in Canada. It seems its time for investors to ditch the bond market and dive into an equity market primed for plum pickings. “As the result of the inflation expectation rising, we will at some point in time see bond yields rise,” says Paul Taylor, chief investment officer, BMO […]

By Vikram Barhat |May 30, 2011

3 min read

Market Insights

Stiff penalty in Bahd case

The British Columbia Securities Commission (BCSC) has settled with a man who admitted he lied about his involvement with a U.S. over-the-counter issuer.

By Staff |May 27, 2011

2 min read

Market Insights

Maple proposal not superior: TMX Group

The TMX Group board of directors concluded that, under the terms of the merger agreement with London Stock Exchange Group (LSEG), the Maple proposal did "not constitute a superior proposal, nor could it reasonably be expected to result in a superior proposal".

By Staff |May 27, 2011

2 min read

Opportunity, risk in Canada: Part Two

“I’m bullish on the Canadian stock market,” says Darren Lekkerkerker, manager of the Canadian equity sub-portfolio of the Fidelity Canadian Balanced Fund and co-manager of the Fidelity Global Natural Resources Fund.

8 min read

Maple makes offer to shareholders

We told you they would be back. And they surely are. In a hostile takeover bid for TMX, Maple Group, a consortium of five of the country's largest pension funds and four Canadian bank-owned investment dealers, has decided to go directly to TMX shareholders to seek their support and to scupper the proposed LSE deal.

3 min read

CSA seeks project feedback

The Canadian Securities Administrators (CSA) today published CSA Staff Notice 81-322, which provides an update on the investment funds modernization project and seeks feedback on the next phase of this project.

By Staff |May 26, 2011

2 min read

Manulife launches new funds

Manulife Mutual Funds expanded its global-oriented funds with the launch this week of two new emerging markets trust funds and an emerging markets corporate class. In addition, Manulife Mutual Funds has added a new choice for Canadian Balanced investors, as well as several corporate class and trust fund structures, to the product line.

By Staff |May 26, 2011

3 min read

Wellington West exec: Deal a ‘no-brainer’

Less than two months after categorically refuting suggestions of being in takeover talks with Montréal-based National Bank of Canada, officials at the Winnipeg, Manitoba-based Wellington West have admitted they are indeed going to be acquired by the bank.

3 min read