Industry News

Briefly:

(December 19, 2006) Regulators have issued a warning to investors about the recent tidal wave of spam e-mails promoting “hot stocks.” A growing proportion of spam e-mails is related to stocks, where someone who doesn’t know you tries to get you to buy into a certain company, the Canadian Securities Administrators said in a recent […]

By Staff |December 19, 2006

3 min read

Radlo says goodbye to Fidelity

Fidelity Investments has been forced to shuffle its lineup of managers, after the sudden departure of Alan Radlo, announced late yesterday. Until last night, Radlo managed more than $9.6 billion in assets, just under a quarter of Fidelity Canada’s total assets of $38.8 billion, including the Fidelity Canadian Growth Company Fund, Fidelity NorthStar Fund and […]

By Steven Lamb |December 19, 2006

2 min read

Briefly:

(December 18, 2006) Home ownership is the number one financial goal for Canadians, according to a new survey, with saving for retirement a close second. Sixty-one percent of poll respondents said home ownership is their most important financial objective; 56% said retirement savings; and reducing debt came in third, at 53%. “Canadians want to make […]

By Staff |December 18, 2006

3 min read

Minister spells out

Late Friday, hours after markets had closed and after many advisors had gone home for the weekend, the federal finance minister provided guidance on what he construes as “normal growth” for income trusts. The new guidelines are expected to result in a sizable increase in the number of new financings and mergers within this space. […]

By Mark Brown |December 18, 2006

4 min read