Industry News

More retirees than ever, census finds

Advisors looking to add some new clients to their roster might want to look at retirees. With more than 4 million seniors living in Canada, helping an aging population through their golden years could mean big business. On Tuesday Statistics Canada released its 2006 census findings on age and sex. The survey showed that more […]

By Bryan Borzykowski |July 17, 2007

4 min read

Briefly:

(July 16, 2007) Mackenzie Financial has named Ian Ainsworth as interim chief investment officer effective immediately. He will also continue to serve as lead manager of Mackenzie Universal North American Growth Class. Ainsworth succeeds Peter Dawkins, who has been CIO since 2003, and who Mackenzie says is “leaving the company to pursue other opportunities.” Mackenzie […]

By Staff |July 16, 2007

2 min read

A year’s worth of sales in six months

Long-term net fund sales dropped from $2.56 billion in May to around $1.9 billion last month, according to the latest data from the Investment Funds Institute of Canada. This can likely be attributed to the traditional summer slowdown rather than any weakness in the industry. In fact, last month marked the best June sales number […]

By Mark Noble |July 16, 2007

3 min read

Briefly:

(July 13, 2007) A Chicago jury has found Conrad Black guilty of three counts of mail fraud and one more-serious count of obstruction of justice for his conduct in the alleged misappropriation of more than $60 million from Hollinger International. The guilty verdict on the four of 13 charges that Black was facing means he […]

By Staff |July 13, 2007

3 min read