Industry News

Surprise distribution creates

Advisors with client money in corporate class mutual funds have learned the hard way why they are called tax efficient, rather than tax proof. A surprise distribution from Franklin Templeton’s corporate class funds on January 10 has caused an uproar, after leaving clients with an unforeseen tax-bill. Franklin Templeton says the move was necessary to […]

By Mark Noble |January 18, 2008

3 min read

Briefly:

(January 17, 2008) Canada has the second largest share of the 6,427 investment professionals who earned the Chartered Financial Analyst designation in 2007. At 746, Canada trails only the United States (2,610) in the number of new CFA charter holders it has. The CFA Institute, which administers the designation, says all the new charter holders […]

By Staff |January 17, 2008

4 min read

Foreigners opt for Canadian bonds, sell stock: StatsCan

Foreign investors continued to sell off Canadian equities in November, although the outflows were nowhere near those seen in October, according to Statistics Canada’s monthly report on international transactions in securities. Non-residents reduced their holdings of Canadian equities by a hefty $9.5 billion in November, although these outflows were partially offset by net purchases of […]

By Mark Noble |January 17, 2008

3 min read

Canadians investing regularly, despite shaky markets

Despite the unpredictable markets, Canadians still think that investing on a regular basis is the way to go. A new Scotiabank survey says about 80% of Canucks feel it’s either very or fairly important to make regular contributions to their investments. The survey reveals that 76% of investors over the age of 18 make at […]

By Bryan Borzykowski |January 17, 2008

5 min read