Industry News

Briefly:

(August 4, 2006) The odds of the U.S. Federal Reserve pausing its credit-tightening cycle on August 8 have been “markedly increased” as U.S. employment figures failed to excite, according to TD Economics. “The 3-month trend is only running at 112,000 [new jobs] a month – hardly inspiring stuff,” wrote Eric Lascelles, senior strategist, FX, and […]

By Staff |August 4, 2006

2 min read

New rules means clarity for some funds

The impact of National Instrument 81-107 will reach far beyond the mutual fund industry, according to a leading lawyer in the investment industry. NI 81-107 will apply not only to open-end mutual funds, but also to closed-end structured funds, exchange-traded funds, labour-sponsored funds, commodity pools and even scholarship plans. NI 81-107 was originally designed to […]

By Steven Lamb |August 4, 2006

3 min read

Fund sales recover in July

Mutual fund sales appear to have recovered in July, with net new sales estimated at between $600 million to $1.1 billion, according to preliminary data from IFIC. “The markets have rebounded slightly in the last month and that’s led to increased sales and assets,” said Joanne De Laurentiis, president and CEO of IFIC. Net assets […]

By Steven Lamb |August 3, 2006

3 min read

Briefly:

(August 3, 2006) The Ontario government announced Thursday morning that it will introduce legislation to create a new, enhanced dividend tax credit for Ontarians investing in Canadian corporations. “We’re moving to a higher dividend tax credit rate as an important part of our overall plan to enhance Ontario’s investment climate,” says finance minister Greg Sorbara. […]

By Staff |August 3, 2006

4 min read