News and resources for Canada's top financial advisors
Market Insights
The Toronto stock market was likely headed for a flat open Tuesday following solid gains that opened the 2010 trading year. The Canadian dollar jumped 0.58 of a cent to 96.6 cents US as the U.S. currency weakened for a second day. A soft greenback pushed the loonie up 0.87 of a cent on Monday. […]
By Staff |January 5, 2010
2 min read
The Toronto stock market closed slightly higher to add to the solid gains of the previous session. Higher mining stocks pushed the S&P/TSX composite index up 21.18 points to 11,888.08 after strong manufacturing data lifted the main index 121 points on Monday. The Canadian dollar climbed 0.23 of a cent to 96.25 cents US, its […]
The Toronto stock market looks set to kick off 2010 trading on a positive note as commodity prices rose and investors took in encouraging economic data from Europe and China. The Canadian dollar jumped 1.09 cents to 96.24 cents US as reports showing pickups in manufacturing activity pushed the American currency lower. New York futures […]
By Staff |January 4, 2010
4 min read
The Toronto stock market kicked off 2010 trading with a solid advance as encouraging manufacturing data from the U.S. and China sent commodity prices higher. The S&P/TSX composite index closed up 120.79 points to 11,866.9. The Institute for Supply Management’s U.S. manufacturing index rose to a better-than-expected 55.9 last month from 53.6 in November. A […]
1 min read
Products
Exchange-traded funds (ETFs) are less expensive than mutual funds by a wide margin. Embedded mutual fund distribution costs – paid to financial advisors for selling them – are most of the difference. Claymore is the only ETF sponsor in Canada paying advisors from a separate ETF series that is 0.50% to 0.75% more expensive. While […]
January 1, 2010
3 min read
Life
Retirement planning has changed dramatically over the past few years. The recent world market volatility has felt too much like a broken CNE roller coaster ride – a mixture of thrills and nausea. But no matter how frightened investors are of the ride, they’re always ready to buy another ticket in anticipation. Hopefully, with history […]
By David Wm. Brown |January 1, 2010
ScotiaMcLeod’s Portfolio Advisory Group conducted a report, “Charting a Course with Cautious Optimism,” on the 2010 outlook for Canadian Equity Markets. Some highlights include: Financials (Banks): “While it is conceivable the Canadian banks could fluctuate in price over the coming quarters as high expectations have already been built into their share prices, ScotiaMcLeod remains bullish […]
By Staff |January 1, 2010
North American stock markets appeared heading for a slightly higher open Thursday as investors look back on a year of strong gains on the main indexes. The Dow Jones industrial futures rose 10 points to 10,500, the Nasdaq futures climbed 2.25 points to 1,879, while the S&P 500 futures rose 2.2 points to 1,124.3. The […]
By Staff |December 31, 2009
The Toronto stock market headed for a lower open Wednesday as a stronger American dollar pulled down oil and bullion prices and 2009 trading winds down. The Canadian dollar moved down 0.45 of a cent to 95.35 cents US. U.S. futures also pointed to a negative open with the Dow Jones industrial futures 50 points […]
By Staff |December 30, 2009
As an advisor you often encounter clients anxious to know whether they should diversify internationally. While more and more Canadians are looking at overseas opportunities, for the most part, even if the investment they are contemplating is based in one of the strongly emerging economies, they are usually interested in acquiring U.S.-denominated instruments. Your advice […]
By Don McIver |December 30, 2009
6 min read
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