Industry News

Good debt versus bad debt

For many clients, the thought of landing in the red is enough to make them sick to their stomach. What most may not be aware of, though, is that not all debt is bad debt. “Any debt where you can write off interest is good debt and any debt where you can’t write off interest […]

By Bryan Borzykowski |April 3, 2008

5 min read

By The Book: IDA fines Winnipeg broker

(April 3, 2008) The Investment Dealers Association of Canada has levied a fine of $20,000 against Steven James Westman, for misconduct while an approved person with the Winnipeg branch of Merrill Lynch Canada. Between May 1999 and March 2001, Westman made unsuitable recommendations to two clients. He also admitted that in February and March of […]

By Staff |April 3, 2008

1 min read

Briefly:

(April 3, 2008) The Canadian economy is expected to outpace that of the U.S. once again, according to RBC, although growth will slow to 1.6% in 2008, down from the already paltry 2.7% growth rate posted in 2007. While commodity exports will remain healthy, the value of imports into Canada will rise much faster, trimming […]

By Staff |April 3, 2008

2 min read

Fund firms celebrate Lipper awards

Champagne, applause and crystal trophies were the order of business Wednesday night, as the mutual fund industry turned out in force for the 2008 Lipper Awards gala in Toronto. Lipper hands out awards within each fund category for the best risk-adjusted returns over a one-year, three-year, five-year and ten-year term. That translates to more than […]

By Steven Lamb |April 3, 2008

2 min read