Industry News

Fund sales hit by market jitters

Wild swings in the equity markets, fuelled by fears of a recession in the U.S. and the spectre of collapsing American financial institutions, made mutual funds a tough sell in March. Net sales of mutual funds for the month are estimated to be between $2.3 billion and $2.8 billion, according to preliminary data from the […]

By Steven Lamb |April 2, 2008

2 min read

On The Shelf:

(April 1, 2008) JovFunds Management has announced the launch of a fourth series of its CIBC Gartman Global Allocation Deposit Notes, which will track The Gartman Index IITM, a proprietary index developed by leading global markets commentator Dennis Gartman. “In response to the continuing demand from both the advisor and retail investor community, we are […]

By Staff |April 1, 2008

1 min read

Briefly:

(April 1, 2008) Great-West Life & amp; Annuity Insurance Company, the U.S. subsidiary of Great-West Lifeco, has completed the sale of its healthcare business. The sale of Great-West Healthcare to a subsidiary of CIGNA Corporation will allow the Great-West Life & Annuity to focus on financial services. “Great-West Lifeco has been pursuing a strategy to […]

By Staff |April 1, 2008

3 min read

IIAC joins free trade in securities coalition

Free trade in securities has been a hot topic ever since federal Finance Minister Jim Flaherty announced his intention to pursue the idea in last year’s budget. Now, Canada might be a small step closer to seeing it happen with the Investment Industry Association of Canada’s induction into the Coalition on Financial Regulation. The organization, […]

By Bryan Borzykowski |April 1, 2008

2 min read