Industry

Government approves new PRPP legislation

The Federal Government has passed Bill C-25, the Pooled Registered Pension Plan (PRPP) Act. It provides a legal framework for the establishment and administration of a pension plan accessible to employees and self-employed persons.

By Suzanne Sharma |June 14, 2012

1 min read

Is MFDA still relevant?

Two advisors weigh in on whether the mutual fund watchdog still has fangs

By Kanupriya Vashisht |June 14, 2012

7 min read

Investors pull $1.4 billion from mutual funds

Long-term mutual funds recorded outflows of $1.37 billion last week, as investors pulled out of hybrid and domestic stock funds, says the Investment Company Institute. While the funds had mostly seen inflows this year, cautious investors have continually yanked money from U.S. stock funds due to unsteady markets. Last week, the stock funds saw major […]

By Staff |June 14, 2012

1 min read

Roundup: Moody’s downgrades Spain; OPEC mulls oil prices

Spain’s bonds are now just one grade above junk status, thanks to a downgrade yesterday by Moody’s. The ratings agency argues the $125 billion bailout package will make it much harder for the country to pay off debt. And, it warned of future downgrades due to Spain’s weak economy and now very limited access to […]

June 14, 2012

2 min read