Industry News

Briefly: “Canadians evenly split on markets” and more of Thursday’s news

There is no shortage of opinions on the direction financial markets will take, but a recent survey finds that sentiment among average Canadians is split almost perfectly into three camps. An Angus Reid poll conducted for Franklin Templeton Investments found that 33% of Canadians are feeling opportunistic ahead of the RRSP contribution deadline. These respondents […]

By Staff |February 19, 2009

2 min read

Briefly: “Boomers seen delaying retirement” and more of Wednesday’s news

More than one-third (37%) of boomers who own their own business are planning to put off their retirement due to the current economic situation, according to the 19th Annual RBC RRSP Poll. Among all boomers, the percentage who said they were delaying retirement was much lower, at 28%. As for how long they will put […]

By Staff |February 18, 2009

4 min read

Ian Thow arrested in Oregon

Accused fraudster Ian Thow has been arrested by U.S. Marshals outside his condominium in Portland, Oregon. The former senior vice-president of Berkshire Investment Group allegedly bilked investors to the tune of $10 million. Thow allegedly sold clients non-existent investments, pocketing the cash to fund an extravagant lifestyle that included private jets and luxury automobiles. Some […]

By Staff |February 18, 2009

3 min read

Venture capital money continues to dry up

It may be no surprise given the current economic climate, but investments in Canada’s venture capital market reached a 12-year low in 2008. Venture capital investment dropped 36% last year, from $2.1 billion in 2007 to $1.3 billion in 2008, according to the industry’s statistical report released today by Canada’s Venture Capital & Private Equity […]

By Mark Noble |February 17, 2009

3 min read