Industry News

Briefly:

( October 27, 2008) Fear of a housing market correction is driving Canadians to hold a larger than usual portion of their wealth in cash and fixed income, as they seek stability in their investments, according to a survey by Manulife Financial. The principal residence remains the most popular investment, but support for that investment […]

By Staff |October 27, 2008

4 min read

Employers warn of smaller raises

Fiscal restraint due to the current financial crisis is forcing companies to lower planned wage increases, according to the Conference Board of Canada. “Compensation planners are going to be very cautious next year,” said Prem Benimadhu, the board’s vice-president, governance and human resources management, at the 2008 Compensation Outlook Conference in Toronto on Monday. “They […]

By Jody White |October 27, 2008

2 min read

Contact, consistency key for younger advisors

Younger advisors are fighting for survival right now, and, unlike bear market veterans, they can’t draw on their personal experience to convince clients to stay invested in what is arguably the worst market downturn this generation has ever seen. There are some strategies younger advisors are employing, the most important of which is being consistent […]

By Mark Noble |October 27, 2008

6 min read

Briefly:

(October 24, 2008) AIC Limited is reportedly cutting 20% of its work force, according to media reports. The vast majority of the job cuts are apparently in the marketing and information technology departments of the company. There have been no announced cuts to any of the portfolio management teams. No reason has been given for […]

By Staff |October 24, 2008

4 min read