Industry News

Briefly:

(June 22, 2006) RBC Financial Group says Canada’s economic growth will accelerate to 3.3% in 2006, up from 2.9% in 2005, before pulling back to that same rate in 2007. RBC also expects growth in Canada to outperform the U.S., thanks to rising business investment, and despite inflation concerns, tight labour markets and higher interest […]

By Staff |June 22, 2006

3 min read

Hands off CPP, says C.D. Howe

Ottawa should protect the integrity of the Canada Pension Plan, ensuring that is used only to pay benefits to plan participants, the C.D. Howe institute says in a new study. The report comes on the heels of a suggestion that the federal government consider using some of its budgetary surplus to boost the CPP fund […]

By Doug Watt |June 22, 2006

2 min read

CI shareholders approve trust conversion

Shareholders of CI Financial have overwhelmingly approved the proposal to convert the company from its existing corporate structure to that of an income trust. The result of the vote, held at a special meeting in Toronto on Thursday, was 99.8% in favour of the move. “I’d call it a pretty good result,” joked Stephen MacPhail, […]

By Staff |June 22, 2006

2 min read

Briefly:

(June 21, 2006) The governor of the Bank of Canada has a message for investors fretting over recent inflation data: Relax. According to David Dodge, the economy is developing as expected and recent upward blips in consumer prices have already been accounted for, although he admits there are forces at play beyond our borders. “Powerful […]

By Staff |June 21, 2006

3 min read