Industry News

Briefly:

(November 25, 2008) Canada has not yet felt the full force of the world financial crisis, but it will soon, according to reports from the Organization for Economic Co-operation and Development, which has earmarked Canada to have a full-blown recession in 2009. The OECD has predicted Canada’s gross domestic product will decline by 1.6% in […]

By Staff |November 25, 2008

4 min read

The downside of guarantees hits target-date funds

The dramatic decline of the markets has sparked a cascading wave of what are called “protection events” on products that offer principal or maturity guarantees. One of the asset categories most dramatically affected by this is the relatively new and popular group of target-date or lifecycle funds. A popular type of lifecycle fund is one […]

By Mark Noble |November 24, 2008

6 min read

Week in review: November 17-21, 2008

Welcome to the weekly roundup of news affecting you, as covered by Advisor.ca and our sister publication, Conseiller.ca. Read this section every week to catch up on the news you missed, or click here and subscribe to get regular updates sent to your inbox or BlackBerry. Give your clients a call. The economic and market […]

By Kate McCaffery |November 21, 2008

6 min read

Briefly:

(November 21, 2008) Finance Minister Jim Flaherty has asked all federally regulated financial institutions to help spread the word that seniors are not required to sell assets held within their registered retirement income funds. “Many seniors are understandably concerned about the impact of the recent deterioration in market conditions on their financial security and I […]

By Staff |November 21, 2008

3 min read