Industry

Wealthsimple launches robo-advisor service in U.K.

The company currently has more than 40,000 clients in Canada and the U.S., with $1 billion in assets.

By Staff, with files from The Canadian Press |September 19, 2017

1 min read

No to tax on insurance products: poll

Most Saskatchewan voters — 73% — oppose the government’s decision to add PST to a range of insurance products, reveals a poll conducted by Maple Leaf Strategies on behalf of Advocis. Read: Tax on insurance premiums in Saskatchewan coming soon Further, 77% say taxing insurance is “unfair,” and 73% say the tax will cause people […]

By Staff |September 18, 2017

1 min read

Investors want Canadian-owned investments, global expertise

Clients and advisors share their thoughts — 50 of them — in a survey sponsored by Mackenzie Investments. More than three-quarters (78%) of investors surveyed say it’s important for advisors to offer products and services from Canadian-owned asset management companies. Just under three-quarters (72%) say it’s important for asset management companies to have unique expertise […]

By Staff |September 18, 2017

2 min read

Foreign purchase of Canadian bonds hits all-time high

Statistics Canada says foreign investment in Canadian securities totalled $24.0 billion in July, led by a record acquisition of Canadian bonds. Read: Expect ‘significant’ increase in bond yields: economist The total for the month reversed the sale of $858 million in Canadian securities by foreign investors in June. Statistics Canada says non-resident investment in Canadian […]

By Staff, with files from The Canadian Press |September 18, 2017

2 min read