Industry

Net assets for mutual fund industry rose 0.9% in July

Net assets for the mutual fund industry increased by $13.1 billion, or 0.9%, in July compared to the previous month, IFIC said on Tuesday. Net sales of mutual funds were $772 million last month, rebounding after June saw net redemptions of $466 million, the organization said in a release. Net sales of long-term funds totalled […]

By Staff |August 21, 2018

1 min read

Banks to report strong quarter amid housing stability, interest rate hikes

Canada’s biggest banks are expected to report yet another strong quarter as the country’s housing market shows signs of stability and rising interest rates add to their bottom lines. Royal Bank of Canada is the first lender to report its fiscal third-quarter results on Wednesday, and most analysts are expecting “solid” growth across the industry, […]

By Armina Ligaya, The Canadian Press |August 20, 2018

4 min read

RBC GAM introduces low-cost fixed income pools

RBC Global Asset Management Inc. has launched RBC Fixed Income Pools, which are offered in Series F with a management fee of 0.40%, the company said Monday Three pools are available to accommodate different risk profiles, RBC said in a release: Each pool is constructed starting with investments in Canadian investment grade bonds, the release […]

By Staff |August 20, 2018

1 min read

ASC settlement agreement results in $55K payment by director and corp

The Alberta Securities Commission (ASC) has concluded a settlement agreement with a firm and corporate director who admitted to illegal distributions of firm securities. Under the agreement, Edmonton-based Umbrella Merchant Services and its sole director, Shane David Yawrenko, admitted to raising more than $2 million from at least 33 investors, most of whom were Alberta […]

By Staff |August 20, 2018

2 min read