Industry News

Briefly:

(May 2, 2007) CIBC World Markets predicts that the TSX composite will hit a record 15,000 by year’s end due to a booming mergers and acquisitions market and continued strength in global resource prices. The predictions are part of the investment firm’s Canadian Portfolio Strategy Outlook report. The 15,000 target will provide investors with a […]

By Staff |May 2, 2007

4 min read

Domestic equity rules in April

Canadian mutual fund investors were rewarded for their economic patriotism in April, with domestic equity funds turning in the best performance for the month, according to Morningstar Canada’s monthly performance report. Considering the S&P/TSX Composite Index fell 1.6% on a single day (April 30), the chart-topping returns of Canadian equity funds may come as a […]

By Steven Lamb |May 2, 2007

3 min read

SPIVA challenges active management

Hot on the heels of a Russell Investments report touting active managers, Standard & Poor’s has released its own active fund findings, and the results aren’t as rosy. S&P has found that 47.7% of Canadian equity funds outperformed the S&P/TSX Composite Index, while only 47.6% of Small Cap funds fared better than their benchmark. Steve […]

By Bryan Borzykowski |May 2, 2007

3 min read

Briefly:

(May 1, 2007) The British Columbia Securities Commission has found a B.C. trio guilty of operating a phone room that conducted cold calls using high-pressure sales tactics to sell securities. Not only was the operation not registered with the BCSC but one of the key individuals in the scheme was already under a ten-year ban […]

By Staff |May 1, 2007

4 min read