Industry News

Canadian equity funds beaten up in November

Mutual funds that invest in Canadian equities, particularly those that focus on the resource sectors, had terrible returns in November, according to performance data released by Morningstar Canada. Morningstar says the S&P/TSX Composite Index posted its worst one-month performance since the trough of the post-dot.com bear market more than five years ago. All domestically focused […]

By Mark Noble |December 4, 2007

4 min read

Fund sales slow in November

Tough market conditions appear to have cut into mutual fund sales in November, as the industry managed to only pull in between $1.56 billion and $2.06 billion in fresh capital, according to the preliminary estimates by IFIC. “Early indications are that money market sales were particularly strong in November. This was due to two trends […]

By Steven Lamb |December 4, 2007

2 min read

Briefly:

(December 3, 2007) Industrial Alliance Insurance and Financial Services announced Monday the launch of Ecoflextra, a retirement product that offers protection and growth features. Ecoflextra is a type of guaranteed minimum withdrawal product that provides a retirement income guaranteed for life while allowing clients to profit fully from all the growth potential of the market. […]

By Staff |December 3, 2007

5 min read

BoC keeps people guessing on rate cuts

In one of the most anticipated decisions of the year, the Bank of Canada will announce on Tuesday whether or not it’s cutting lending rates. Right now, no one knows what the BoC will do. “There’s a 50.5% chance that there’s going to be a cut,” says Don Drummond, senior vice-president and chief economist at […]

By Bryan Borzykowski |December 3, 2007

4 min read