Industry News

Fund sales slow in June’s poor market

Canadian investors eased back on their mutual fund purchases in June, with net new sales ringing in at between $1.95 billion and $2.45 billion to work, according to preliminary data from the Investment Funds Institute of Canada. “The recent slowdown in the markets brought mutual fund assets down slightly in June,” said Pat Dunwoody, vice-president, […]

By Steven Lamb |July 5, 2007

2 min read

Briefly:

(July 5, 2007) On Thursday the IDA announced that it found Edmonton’s Moin Mirza guilty of failing to cooperate with an investigation, while in another case it fined Bruce Calvin Deck $138,212 for various offences. In Mirza’s case, the IDA needed to talk to the advisor but was unable to get a hold of him […]

By Staff |July 5, 2007

4 min read

Trust tax topples Canadian IPO market

The number of Canadian initial public offerings has been decimated by the devaluation of income trusts, according to a PricewaterhouseCoopers market survey. There were just 37 IPOs on the TSX and TSX Venture exchanges in the first six months of 2007, with a total valuation of $855 million. This is down from the 57 new […]

By Mark Noble |July 5, 2007

3 min read

Stay in stocks, Rubin says

Recent market jitters will soon pass, allowing the S&P/TSX Composite to continue its trek toward 15,000 by the end of 2007, according to the monthly market update from one of Bay Street’s most vocal bulls. “The global economic outlook has seldom been brighter, bringing strong support to energy and most commodity markets,” writes CIBC World […]

By Steven Lamb |July 5, 2007

2 min read