News and resources for Canada's top financial advisors
Market Insights
Investors are finally getting the message that they need to save more for their retirement, making an aging population less of a drag and more of a growth driver for the asset management industry, according to a survey of CEOs in the business. The PwC survey found that 68% of CEOs at asset management firms […]
By Staff |March 17, 2011
3 min read
If there was any question of Canada’s growing reputation as a safe haven, the latest data from StatsCan back it up. Foreign investors bought $13.3 billion worth of Canadian securities in January. Bonds were the order of the month, attracting $10.1 billion in net new investment. Federal government bonds made up a little more than […]
1 min read
Recent reforms will be inadequate to cover higher pension costs in the future, despite increases in retirement ages in half of Organisation for Economic Co-operation and Development OECD countries, says the OECD report Pensions at Glance 2011. The organization that works for the improvement of the economic and social well-being of people around the world […]
2 min read
TMX Group has announced the integration of two new on-book dark order types—Dark Mid-Point and Dark Limit Orders—into the existing order books on Toronto Stock Exchange and TSX Venture Exchange. Dark orders allow institutional traders to place large buy and sell orders while limiting their impact on the price of the security they are trading. […]
By Staff |March 16, 2011
The Investment Industry Association of Canada (IIAC) is calling on the federal government to cut capital gains taxes and increase contribution limits for RRSPs and TFSAs in the upcoming budget. The IIAC is also calling for greater flexibility for retirees to access their RRIFs, reducing the mandatory withdrawal rates, and the elimination of payroll taxes […]
Industry
Omega ATS has announced that its subscribers will be able to trade US securities, quoted in Canadian dollars, on its platform effective April 1, 2011. The first tranche of securities will include Bank of America, Google, Microsoft and several ETFs that trade on the NYSE, NASDAQ and AMEX. “Bringing U.S. securities onto the venue shines […]
By Staff |March 15, 2011
Having sloughed off over $31 of its market value, gold seems to be on sale today. Experts are wasting no time in suggesting now is the perfect time to step in and add gold to your portfolio. “Investors are doing what they should; they should be buying these dips,” says David Franklin, CEO, Sprott Private […]
By Vikram Barhat |March 15, 2011
Economic Indicators
Reader Alert: What do you think is the overall impact of the crisis in Japan? Vote in our poll here. The earthquake and tsunami that hit Japan on Friday, March 4 have shaken global equity markets, as uncontrolled nuclear reactors sent indices lower on Tuesday. Investors are now struggling to determine what the long-term impact […]
By Steven Lamb |March 15, 2011
Products
Goodman & Company, Investment Counsel Ltd. has announced a series consolidation for Dynamic Power Hedge Fund, which will see Series A and Series F units reclassified as Series C and Series FC units, respectively. Series A and F would be terminated. In the depths of the global financial crisis in 2009, the manager added high […]
By Staff |March 14, 2011
TMX Group has teamed up with S&P Indices once again to develop a new index to track the largest and most liquid stocks on the TSX Venture Exchange. The new S&P/TSX Venture 30 Index has already been licensed to New York based, Global X Funds, which will launch an ETF the index on March 17, […]
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