Industry News

Briefly:

Webb Asset Management Canada has received investor approval for the Webb Enhanced Growth Fund to purchase the assets of the firm’s Canadian Performance Fund, effectively merging the two funds. Unitholders of the Performance fund will receive units of the Growth fund, and the transaction is expected to be completed before the close of business on […]

By Staff |December 31, 2009

1 min read

2009: The year the world didn’t end

2009 will go down in my journal as the year the world didn’t end. Not that I expected it to but lots of people apparently did. I think those people who feared the end of the world, or at least the end of its financial system, were deeply distressed by the appreciable speed and depth […]

By Peter Drake |December 31, 2009

5 min read

A year of volatility, scandal and blame

The year 2009 will be remembered for many reasons in the financial services sector. The Great Recession reached its depths, with asset prices crumbling and unemployment soaring. The S&P/TSX Index fell to 7,479.96 in March, before astounding investors with a meteoric return to a high of 11,816.33 in the fourth quarter. Investors who bailed out […]

By Steven Lamb |December 31, 2009

3 min read

Briefly:

Despite the wild ride that was 2009, the financial services industry remains one of the best to sectors in which to work, according to Report on Business magazine’s annual Fifty Best Employers in Canada survey. Financial services and insurance companies made up 14 of the top 50, with Regina’s Farm Credit Canada ninth place ranking […]

By Staff |December 30, 2009

2 min read