Industry News

Funds continue to get investors back

The slow return of billions of parked investment dollars continued last month as long-term mutual fund mandates experienced another strong month of net sales, according to data from the Investment Funds Institute of Canada (IFIC). While overall net sales were down for the industry, the run-up in market valuations seems to help total mutual fund […]

By Mark Noble |October 15, 2009

3 min read

Briefly:

Canada gets a new chartered bank. Canadian Home Income Plan CorporationCorp. (CHIP), (the operating subsidiary of HOMEQ CorporationCorp.,) has been granted the authority to open Canada’s newest chartered bank: HomEquity Bank (Banque HomEquity). HomEquity Bank will have immediate access to retail deposits sourced through deposit brokers. HomEquity Bank’s predecessor, Canadian Home Income Plan CorporationCHIP Corp., […]

By Staff |October 15, 2009

2 min read

Crocus investors get money back

Advisors across Manitoba are preparing to call thousands of clients today, and it’s safe to say they’re expecting a more-than-hospitable reception. That’s because for the first time in nearly five years, they’re calling with good news about the Crocus Investment Fund. Less than six weeks after a Manitoba judge finally approved a $54.7-million distribution to […]

By Geoff Kirbyson |October 15, 2009

3 min read

Study: Canadian advisors can do better

Canadians claim great confidence and optimism in their ability to make responsible investment decisions, yet they seldom seem to, according to a recent survey by the Canadian Securities Administrators (CSA). The vast majority (85%) of survey respondents said that it is important to build personal savings and investments. At the same time, 35% said they […]

By Steven Lamb |October 14, 2009

6 min read