Industry News

CSA calls for point-of-sale comment

The Canadian Securities Administrators’ point-of-sale (POS) disclosure scheme has taken another step forward, with the publication for comment of proposed amendments to National Instrument 81-101 Mutual Fund Prospectus Disclosure. “The current market conditions highlight the need for investors to fully understand what they are buying,” says Jean St-Gelais, CSA chair, and president and CEO of […]

By Steven Lamb |June 19, 2009

3 min read

Industry braces for

With the break in Parliament for the summer, you have at least three months of using email as a means to contact new clients. It is expected that in the fall, legislation will be introduced before the House of Commons that will effectively ban email communication to clients and prospects without obtaining some form of […]

By Mark Noble |June 19, 2009

3 min read

Briefly:

Mackenzie Financial Services Inc. has announced the addition of two new fixed income offerings to its mutual funds lineup. The Mackenzie Sentinel Short-term Government Bond Fund aims to provide a higher return than money market funds. Chris Kresic, senior vice-president, investments, with Mackenzie, has been tapped as lead manager, and the fund will be available […]

By Staff |June 18, 2009

3 min read

Canadians see cottage as a safe investment

The crippling downturn has done nothing to dampen the Canadian dream of owning a cottage, cabin or chalet that can serve as a year-round recreational property and, for some, as their primary residence, according to a Royal LePage Recreational Property Report released today. The poll shows recreational properties are still considered a safe long-term investment, […]

By Kanupriya Vashisht |June 18, 2009

3 min read