Industry

Fund sales slow after RRSP season

Mutual fund sales slowed in March, as the deadline for RRSP contributions passed, according to the latest data from the Investment Funds Institute of Canada (IFIC). Net sales in March were $1.64 billion, with $3.96 billion in long-term fund sales offset by money market redemptions totalling $2.32 billion. In February, total net sales had been […]

By Steven Lamb |April 15, 2010

2 min read

Details of Prairie credit union giant emerge

The credit union centrals of Alberta, Saskatchewan and Manitoba are getting in on the merger game. The trio are putting the finishing touches on a business strategy that will soon be presented to the 155 credit unions in all three provinces. They are seeking permission to amalgamate their operations in early 2011. If approved, the […]

By Renée Alexander |April 14, 2010

4 min read

Currency remains a dangerous bet

As the loonie continues its waltz with the greenback, investors may be tempted to jump into U.S. markets in the hope of making a double whammy of returns, should the loonie slump back to 80 cents. Advisors, however, are quick to warn against such a move, saying it could be unwise, premature and a departure […]

By Vikram Barhat |April 14, 2010

3 min read

Best of 2010: Top 10 ways to be a trusted advisor

We celebrated our 10th anniversary this year, and wouldn’t you know, that “10” motif just kept popping up. Robert Abboud offered up 10 tips on establishing client trust. • • • 10. Eat what you cook Any advice I give to clients is the same advice I follow myself. We have to walk the talk […]

By Robert Abboud |April 13, 2010

4 min read