Industry News

Briefly:

(December 2, 2008) Ted Rogers, founder and CEO of Rogers Communications (which owns Advisor.ca) died last night at his home in Toronto. He was 75. “Ted Rogers was one of a kind who built this company from one FM radio station into Canada’s largest wireless, cable and media company. A leader also in giving to […]

By Staff |December 2, 2008

4 min read

FPSC raises the bar

New rules for certified financial planner candidates will see the traditional exam split in two. The new exams, to come into effect in July 2010, are part of a general updating of the CFP curriculum by the Financial Planners Standards Council. John Wickett, the FPSC’s senior vice-president for standards and certification, says the move stems […]

By Scot Blythe |December 2, 2008

2 min read

Bleeding slows in fund performance

Equity mutual funds continued to take a beating in November, as economic fears became more entrenched, according to performance data from Morningstar Canada. But at least the pace of decline seemed to have slowed substantially from the previous two months. November was the third consecutive month in which almost all equity fund categories fell, although […]

By Mark Noble |December 2, 2008

3 min read

Fund redemptions lower in November

November was another rough month for the mutual fund industry, though nowhere near as bad as October, according to the Investment Funds Institute of Canada. The industry as a whole saw net redemptions of between $801 million and $1.3 billion, compared to redemptions of $8.4 billion in October and $4.5 billion in September. “We remain […]

By Steven Lamb |December 2, 2008

2 min read