Industry News

Briefly:

(November 17, 2008) The world of tax might not sound like the most exciting place for an executive to live, but it’s becoming increasingly important in a company’s daily operations. A new Ernst and Young survey says 53% of respondents expect their tax department’s budget to increase by an average of 21% in 2009, while […]

By Staff |November 17, 2008

2 min read

Equity issuance plummets in Q3: IIAC

With markets crashing and global economic woes on everyone’s minds, it’s not surprising that equity financing in the third quarter of this year took a major tumble. According the Investment Industry Association of Canada — it released its New Issues & Trading report on Monday — equity issuance was down 44% from the second quarter, […]

By Bryan Borzykowski |November 17, 2008

2 min read

Fund industry ravaged by

October was the worst month on record for mutual fund redemptions in Canada, according to the latest statistical data from the Investment Funds Institute of Canada. Industry assets under management fell nearly 10% from September to end October at $571.3 billion as equity markets went into near free-fall. Total industry assets were down 18.1% from […]

By Mark Noble |November 17, 2008

3 min read

Retirement fears ill-founded: Russell

Almost two-thirds of Canadian pre-retirees are worried about outliving their money, but once they’re well into retirement, the fear subsides, according to a new survey conducted by Russell Investments and Harris/Decima Research. The survey of 2,200 Canadians found that only 40% of respondents felt comfortable about their financial health in the first year of retirement. […]

By Mark Noble |November 17, 2008

4 min read