Industry

Strong long-term fund sales offset by money markets

Mutual fund sales fell into the red in June, but it is too soon to get a handle on how large industry-wide net redemptions were. Preliminary estimates by the Investment Funds Institute of Canada place the number anywhere between $20.9 million and $520.9 million. The good news for the industry is that long-term funds saw […]

By Steven Lamb |July 6, 2010

2 min read

Briefly:

Businesses are putting fundraising efforts on the back burner and focusing more on economic growth, according to a RBC survey on corporate debt issuance. Just 38% of corporate respondents expect to raise fresh capital in the next two years, despite an expected gradual return to M&A activity, private equity deals, project finance activity and initial […]

By Staff |July 6, 2010

3 min read

Equities to grind higher despite volatility: BlackRock

Volatility and risk aversion will put pressure on the loonie while U.S. Treasuries will remain the best bet for a flight to safety. The prediction forms the Canadian perspective of an economic commentary by Bob Doll, vice-chairman and chief equity strategist for fundamental equities, BlackRock Inc. In his mid-year update to 10 predictions for the […]

By Vikram Barhat |July 6, 2010

4 min read

Limit liability with detailed processes

Its hard to get a handle on the number of disputes involving alleged negligence by advisors leading to non-payment of insurance claims — regulators typically do not ask advisors or insurers for this information. But whatever that cryptic total might be, the industry can expect it to rise, according to Jim Bullock, a 45-year veteran […]

By Al Emid |July 5, 2010

4 min read