News and resources for Canada's top financial advisors
Economic Indicators
Soaring debt levels in advanced economies, overheating emerging markets and strict capital controls are among the global economic and financial challenges faced by financial planners, according to Thomas Hockin, executive director, International Monetary Fund, speaking at the CIFPs 9th Annual National Conference-2011, in Ottawa. “We’ve had 22 financial crises since 1945; financial crisis is the […]
By Vikram Barhat |June 8, 2011
3 min read
Canada managed to navigate its way through the Great Recession of 2008 without much damage, but the time for self-congratulation may be over. There are a number of hazards on the horizon, including the withdrawal of government stimulus, rising interest rates and the stubbornly strong loonie is stifling exports. Canada—indeed, the world—still has some challenges […]
4 min read
Market Insights
State Street Corporation today announced a new mobile application for the iPad, State Street SpringboardSM, which will be available in the Apple App Store this fall.
By Staff |June 7, 2011
2 min read
HSBC Global Asset Management (Canada) Limited has announced that it will close and wind up the HSBC Global Climate Change Fund on or around 19 August 2011. Effectively immediately, new investments into the fund will no longer be accepted. The decision to close the fund was based on the small fund size and relatively small […]
By Staff |June 6, 2011
1 min read
Americans had a holiday shortened week, but unfortunately their day off did little to change the tone in the markets. Disappointing economic data failed to provide any confidence to investors and continued ongoing discussion about the health of the U.S. economy and the possibility that further monetary policy actions may be required when QE2 wraps up at the end of the month.
By Gareth Watson |June 6, 2011
The Pennsylvania-based investment management company, Vanguard, has opened a Canadian arm—Vanguard Investments Canada Inc. “Extending our reach to the Canadian market in a significant way is an important step in the development of our global business,” said Vanguard chair and CEO William McNabb. “Although Canada has a very well-developed asset management market, we believe our […]
The Ontario Securities Commission has named Mary Condon as a vice-chair to the commission, effective June 1, 2011 for a term of two years. This follows a three year stint as a commissioner. “Mary Condon’s extensive legal expertise and significant experience in investor initiatives, adjudication and corporate governance will greatly assist the Commission in its […]
Industry
XTF Capital Corp. has launched the Canadian Convertible Liquid Universe ETF, Canada’s first Convertible Bond ETF. It will begin trading on the TSX on June 7. “The Convertible Bond XTF is unique to Canada,” said Barry Gordon, president and CEO of XTF Capital Corp. and its parent company, First Asset. “Our deep experience with convertible […]
Read: Our Distributors’ Summit coverage Two of Canada’s managing general agencies have announced plans to merge. The combination of Worldsource Insurance Network Inc. and IDC Financial Inc. would create one of Canada’s largest MGAs. “Worldsource is excited to be associated with IDC,” said Paul Brown, president and CEO of WIN. “It is a firm with […]
By Staff |June 3, 2011
Monday June 6 will see the newly minted Conservative government table the federal budget for the second time this year, but it also marks another milestone: Tax Freedom Day. Every year the Fraser Institute calculates the day when the average Canadian will have paid off their tax burden for the year, with earnings from the […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.