Industry

Briefly:

Unemployment in Canada will reach almost 10% by next year, despite the federal government’s stimulus efforts, according to the Organization for Economic Co-Operation and Development (OECD). The OECD’s annual employment outlook says the recession’s impact on the labour market could be worse than the last recession of the early 1990s. “Even if the unemployment rate […]

By Staff |September 16, 2009

3 min read

Charges finally laid in $100 million Ponzi

It’s been no secret for a number of years that two Alberta-based investment boosters, Milowe Brost and Gary Sorenson were probably up to no good. It’s only now, that the RCMP has laid charges against both men, for perpetrating a Ponzi scheme in excess of $100 million, potentially the largest Ponzi scheme in Canadian history. […]

By Mark Noble |September 15, 2009

4 min read

Fund investors returning to risk

The mutual fund industry was hit with another month of net redemptions, totaling $462.6 million in August. Investors pulled a net $2.26 billion out of money market funds, but invested a net $1.8 billion in long-term funds. So far this year, net long-term fund sales have totaled $7.8 billion, compared to net redemptions of $1.6 […]

By Steven Lamb |September 15, 2009

2 min read

Briefly:

National Bank Financial Group announced today the launch of Private Wealth 1859, a new business unit that caters solely to the needs of affluent clients with investable assets of at least $1 million. Through Private Wealth 1859, high-net-worth clients and their families will have access to an exclusive range of turnkey solutions, including investments, private […]

By Staff |September 15, 2009

3 min read