Industry News

Banking on insurance

(April 2006) My bank has been phoning me a lot lately. And every time they call, panic automatically sets in: Have I been the victim of identity theft? But as it turns out, they’re always just thrilled to offer me “an extraordinary new service only available to select accounts.” You can imagine how privileged I […]

By Deanne Gage |April 17, 2006

3 min read

Briefly:

(April 21, 2006) The C.D. Howe Institute is projecting the Bank of Canada will increase its key overnight lending rate 25 basis points to 4% at its next meeting on Tuesday, April 25. While there was clear consensus for a rate hike amongst the 11 economists and academics who sit on the institute’s monetary policy […]

By Staff |April 17, 2006

12 min read

Fund industry sales reached $3.6 billion in March

Long term mutual fund sales continued to move along at a healthy pace in March, with IFIC reporting $3.6 million in net new sales for the month. Despite the allure presented by resource funds in Canada, investors continued to gravitate towards balanced, income-producing investments and finally began to buy into the global investing story being […]

By Kate McCaffery |April 17, 2006

3 min read

Receiver finds nearly $600,000 intended for Portus

Fifty-six investors who had planned to invest in Portus will get their money back after receiver KPMG revealed that their cheques and bank drafts, totalling $594,244, were dated after regulators issued an order preventing the failed hedge fund from accepting new clients. In its latest report released last Friday, KPMG said it is seeking a […]

By Doug Watt |April 17, 2006

3 min read