Industry

Briefly:

The new federal minister of finance is asking Canadians what they want out of his first budget. In a press release, Jim Flaherty said the Conservative government will stick to its five key platform issues, but that keeping these promises would require cuts elsewhere in the budget. “Canada is enjoying one of the longest periods […]

By Staff |April 3, 2006

16 min read

Money managers looking offshore

The Canadian equity rally may be losing steam, if sentiment among investment managers is any indication. In its quarterly poll of managers, Russell Investment Group found only 28% remained bullish on Canadian equities, down from 48% in the previous quarter. “The reason for this increasingly negative view is clear — they have a decidedly bearish […]

By Steven Lamb |April 3, 2006

3 min read

Would you like a car with that mutual fund?

Advisors don’t generally recommend things they know will decrease in value. Then again, there are not many financial planners like Peter Ameli who help clients decide their next car purchase. Ameli is a planner with Berkshire in Toronto who sees giving advice on things outside of finance, including where to buy a car, as just […]

By Mark Brown |April 3, 2006

3 min read

RBC announces massive fund overhaul

Inclusion of U.S. equities in the RBC Blue Chip Canadian Equity Fund, which will be renamed the RBC North American Dividend Fund; Permitting RBC Canadian Value Fund to invest in the U.S., and renaming it RBC North American Value Fund; A similar change to transform RBC Canadian Growth Fund into RBC North American Growth Fund; […]

By Steven Lamb |March 31, 2006

3 min read