Industry News

Briefly:

As part of Bank of America Merrill Lynch’s plan to expand its corporate banking business in Canada, the firm has hired Chris Impey as head and Daljeet Lamba as managing director of Canada corporate banking. “This is an exciting growth area for our business in Canada, and Chris’s and Daljeet’s local expertise and extensive client […]

By Staff |July 30, 2009

4 min read

Recession hits charitable giving

It is no surprise that charities suffer during market downturns. In the recent recession, most charities saw a sharp drop in major donations. Meanwhile, donor-advised funds flattened and endowments funds shrunk. “Community Foundations Canada recently announced that donations across the system were down 37% year over year,” says Malcolm Burrows, head of philanthropic advisory services, […]

By Rayann Huang |July 29, 2009

4 min read

Briefly:

On June 13, 2009, 1,029 Certified Financial Planner (CFP) candidates wrote the Financial Planners Standards Council’s (FPSC) CFP examination, and 39.8% passed. Of those writing the examination for the first time, 43.8% passed. “FPSC congratulates all successful CFP examination candidates who are one step closer to joining the ranks of more than 17,000 Canadian and […]

By Staff |July 29, 2009

2 min read

U.S. fund discloses carbon footprint

Boston-based Green Century Funds is now disclosing the carbon footprint of its balanced fund, claiming to the first retail American mutual fund to do so. Green Century hired environmental consultancy firm Trucost to perform an analysis, which revealed that the carbon footprint of the balanced fund was 66% less than the S&P 500, as of […]

By Doug Watt |July 28, 2009

2 min read