Industry News

2012 a strong year for active management

Although it was not an easy ride in 2012, large cap managers posted their strongest benchmark-relative performance in a decade, according to Russell Investments. The median return was 9.4%, more than 2% ahead of the S&P/TSX Composite Index’s return of 7.2%. Using annual returns, 76% of large cap managers beat the benchmark in 2012 compared […]

By Staff |February 5, 2013

3 min read

Desjardins invests in Qtrade Financial Group

Desjardins Financial Corporation Inc. will purchase between 25% and 40% of the outstanding shares of Qtrade Financial Group from current security holders (on a fully-diluted basis). The deal is expected to close Q2 2013. Desjardins Group is the largest cooperative financial group in Canada with assets of nearly $200 billion, and Qtrade Financial Group oversees […]

By Staff |February 5, 2013

2 min read

Canadians relying on RRSPs for retirement income

The RRSP contribution deadline is just four weeks away. Have your clients maxed out their contributions? Likely not. While 65% of Canadians say RRSPs will be their main source of retirement income, 49% don’t plan to contribute this tax season, finds a Scotiabank poll. Read: OAS change won’t disrupt retirement plans “It is a bit […]

By Staff |February 5, 2013

2 min read

5 financial tips for 2013

Clients who planned to start 2013 right by reducing debt and saving more may be wavering from their goals. This is because it takes self-discipline, time management, dedication, support, and reliable tools and resources for an individual to reach a position of financial comfort, says Money Mentors credit counselor Stacey Townsend. Read: 4 ways to […]

By Staff |February 5, 2013

2 min read