Industry News

Housing costs rising faster than incomes

Despite the fact home values have dramatically increased your clients’ net worth, they may be feeling a little strapped for cash lately, as the costs associated with home ownership have risen faster than incomes. That’s the conclusion of an RBC Economics study on housing affordability. “The cost of homeownership in Canada, including financing, utilities and […]

By Steven Lamb |May 18, 2006

2 min read

CI board rubber stamps income trust conversion

(May 18, 2006) CI Financial’s board of directors has unanimously approved a plan to convert the mutual fund company into an income trust. Shareholders will vote on the proposal next month. Under the proposed structure, CI shareholders will be entitled to receive either one unit of the fund, or a combination of Class B limited […]

By Doug Watt |May 18, 2006

2 min read

Briefly:

(May 17, 2006) Concerns about slower global growth, higher core inflation and rising worldwide interest rates are on the rise among fund managers surveyed by the Merrill Lynch Global Securities Research and Economics Group. The May survey of 204 fund managers found that 14% say they expect the global economy to deteriorate over the next […]

By Staff |May 17, 2006

4 min read

CPP fund posts impressive year

Investment managers of the nation’s pension plan have announced the CPP earned a handsome return in the most recent fiscal year, nearly doubling last year’s gains on a percentage basis. For the 12 months ended March 31, the CPP fund posted an investment return of 15.5%, compared to 8.5% in the previous year. The CPP […]

By Steven Lamb |May 17, 2006

2 min read