Industry News

Weekly Pulse: Employment data ruins the party

Believe it or not, we just finished a week where Greece did not dominate the headlines. Instead, focus turned towards U.S. economics and monetary policy in a number of countries, including China. Canadian markets started with positive momentum thanks to a much better than expected U.S. ISM Manufacturing Index print that was posted while we were all celebrating Canada Day last week.

By Gareth Watson |July 11, 2011

4 min read

Mackenzie offers absolute return fund

Mackenzie Financial Corporation today introduced Mackenzie Universal Canadian Shield Fund, a Canadian equity fund that seeks to generate risk-adjusted absolute returns in Canadian dollars and to preserve its capital in all market environments. The fund aims to achieve these objectives by investing in an actively managed portfolio consisting mainly of Canadian equity and fixed income […]

By Staff |July 11, 2011

1 min read

IIROC announces settlement with Mary Louise Kasten-Brown

A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, with sanctions, between IIROC staff and Mary Louise Kasten-Brown. In the settlement agreement, Ms. Kasten-Brown admits she failed her know-your-client and suitability obligations when she processed the opening of accounts and facilitated private share purchases for eight clients, […]

By Staff |July 8, 2011

1 min read

Pensions see moderate losses in Q2

After three consecutive quarters of gains, Mercer’s pension index shows that many Canadian plans suffered moderate losses in the second quarter of 2011 as a result of negative Canadian equity returns and a decline in federal bond yields. The index stood at 71% as of June 30, down 4% over the quarter. “Long-term federal bond […]

By Staff |July 8, 2011

1 min read