Industry News

Go-slow approach usually best for fighting inflation

StatsCan’s announcement on Wednesday that it had miscalculated the consumer price index for the past five years could not have come at a better time, as it preceded the Bank of Canada’s Summer Review by one day. The focus of this quarterly review? Inflation. It is common knowledge that any move by a central banker […]

By Steven Lamb |August 17, 2006

3 min read

Briefly:

(August 16, 2006) London Life Investment Management has announced it has changed its name to London Capital Management Ltd. The company said the change was made to “reflect expanded investment mandates and distribution.” London Capital Management manages about $11 billion in assets under 20 different investment mandates. The newly-named company remains a wholly-owned subsidiary of […]

By Staff |August 16, 2006

2 min read

IIAC issues quarterly equity review

The Investment Industry Association of Canada released its second-quarter equity review Wednesday morning, filling the summer gap of market forecast advice for investors. Looking at past equity issuance activity during the quarter and current conditions to predict movements in the coming months, Sherry Hum, financial analyst, capital markets, at the IIAC — formerly the IDA […]

By Kate McCaffery |August 16, 2006

2 min read

StatsCan admits past CPI data flawed

Statistics Canada has revealed that it has been miscalculating the consumer price index for the past five years, understating inflation on average by 0.1% since early 2001. The understatement stems from a problem in the formula used to calculate price increases for hotel accommodation. Since 2001, StatsCan has calculated this element of the overall CPI […]

By Steven Lamb |August 16, 2006

2 min read