Industry

Horizons launches Australian dollar ETF

Horizons Exchange Traded Funds and BetaPro Management have announced the launch of the Horizons Australian Dollar Currency ETF, which offers investors direct access to foreign currency investing. “The Australian dollar has been one of the top performing currencies over the last couple of years, benefitting from attractive interest rates, the country’s rich natural resources and […]

By Staff |July 20, 2011

1 min read

Retirees better budgeters: CIBC

Living on a fixed income has taught Canadian retirees a valuable lesson on the importance of budgeting, according to a Harris-Decima poll commissioned by CIBC. Two-thirds of retirees said they have a budget in place and use it to track their monthly spending, slightly ahead of the 60% of all other Canadians. But where retirees […]

By Staff |July 20, 2011

2 min read

Parents come up short on education savings

Almost half of Canadian parents with children heading off to college or university this fall have not saved any money to help fund the educational journey, according to a recent survey. The TD Canada Trust 2011 Education and Finances Survey found 45% had nothing set aside, and one third expect they will only be able […]

By Staff |July 20, 2011

2 min read

Feds take a swing at stapled securities

The federal government has announced amendments to the Income Tax Act, to ensure that the spirit of its Tax Fairness Plan is followed. The Tax Fairness Plan was introduced in 2006 to stem the proliferation of income trusts, essentially treating their profits in the same way as corporate profits. “These proposed measures will ensure that […]

By Staff |July 20, 2011

2 min read