Industry News

Forestry smoking, but not just from fires

Lumber prices have been on fire lately, despite the fact that the commodity’s key driver, the U.S. housing market, remains in a slump. Some have pointed to speculative trading based on the wildfires sweeping British Columbia, but there is more to the story. The more likely causes are low log inventories and the closure of […]

By Steven Lamb |August 5, 2009

3 min read

Fund sales suffer July slump

Mutual funds sales slipped into negative territory in July, according to preliminary data released from the Investment Funds Institute of Canada. Investors sold off between $1.4 billion and $1.9 billion. While net sales were negative, there was one ray of sunshine on the industry. Investors appear to be moving back into riskier assets, which are […]

By Steven Lamb |August 5, 2009

3 min read

Briefly:

Bay Street guru Richard John “Jack” Lawrence and his companion, Carol Richardson, died in a plane crash while leaving the family cottage on Lake Muskoka yesterday afternoon. Authorities continue to investigate the details surrounding the accident. Lawrence was most recently the chair and CEO of Lawrence & Company Inc., a company he founded in 1996, […]

By Staff |August 4, 2009

3 min read

Infrastructure money flows too slowly: Survey

Despite an increase in funding options available, infrastructure projects and investments remain burdened by cumbersome decision-making according to a KPMG International survey. KPMG’s global survey of more than 455 infrastructure executives globally — including 129 from North America — conducted in co-operation with the Economist Intelligence Unit, found growing concern about the future of infrastructure […]

By Mark Noble |August 4, 2009

3 min read