Industry News

Growth tops value in tough quarter

The third quarter of the year proved to be a tough one for active investment managers, according to the Russell Active Manager Report, as fewer than half outperformed their benchmarks. According to the survey, only 45% of large cap Canadian equity investment managers beat the S&P/TSX Composite this quarter. That’s down from 53% in Q2 […]

By Bryan Borzykowski |October 25, 2007

3 min read

Briefly:

(October 24, 2007) The global appetite for “stuff” returned in September, driving the Scotiabank Commodity Price Index higher after a summer slump. The index measures the price trends of 32 commodities that Canada exports. The index crept higher by 0.3%, taking commodity prices higher by 8.5% on a year-over-year basis. Agricultural prices led the September […]

By Staff |October 24, 2007

3 min read

Insurance industry weighs in on fund facts debate

It’s been almost 10 days since the comment period for the new “fund facts” document closed, but people are still talking about the problems surrounding the proposed two-pager. “The way this is being proposed is impractical,” says Leslie Byrnes, vice-president of distribution for the Canadian Life and Health Insurance Association. Byrnes was speaking to a […]

By Bryan Borzykowski |October 24, 2007

4 min read

Briefly:

(October 23, 2007) The MFDA has released its findings against Ravi Puri, permanently banning the British Columbia–based advisor from the securities industry. The MFDA levied a fine of $500,000 against Puri for failure “to deal with clients fairly, honestly and in good faith.” He must also pay $10,000 in costs and an additional fine of […]

By Staff |October 23, 2007

3 min read