Industry News

Briefly:

(October 2, 2007) DBRS is in a whole lot of trouble with the OSFI. Julie Dickson, the banking regulator’s new superintendent says the credit-rating agency is responsible for the turmoil related to Canada’s asset-backed commercial paper markets. She says that Canadians were buying ABCP that had only one rating and limited liquidity lines. While S&P […]

By Staff |October 2, 2007

3 min read

Emerging, Asian funds lead third quarter

Despite an August swoon in markets, half of the Canadian mutual fund industry managed to eke out positive returns for the third quarter, according to Morningstar Canada. Morningstar tracks mutual fund performance in 42 fund categories. The best performer was the Asia Pacific ex-Japan equity index, with a quarterly return of 7.3%, fuelled by hot […]

By Scot Blythe |October 2, 2007

2 min read

Point-of-sale will streamline business: Regulators

The Canadian mutual fund industry deserves the trust of investors, and current regulatory proposals should only be seen as fine-tuning of a healthy system, according to a panel of regulators. Speaking at the 2007 IFIC Annual Leadership Conference, British Columbia Securities Commission chair Doug Hyndman described the current “torrent” of regulatory reforms as a case […]

By Steven Lamb |October 2, 2007

3 min read

Briefly:

strong stewards of the environment; devoted to serving local communities and society overall; committed to high labour standards for their own employees and those in their supply chain; dedicated to producing high-quality and safe products; and managing their company in an exemplary and ethical manner. The top 75% of the market capitalization of each sector […]

By Staff |October 1, 2007

3 min read