Industry News

Morningstar to create its own fund categories

Morningstar Canada is withdrawing from the industry association that sets mutual fund categories and will set up its own set of standards, following industry consultation. In making his decision, Morningstar president Scott Mackenzie called the Canadian Investment Funds Standards Committee “complacent,” arguing that it moves too slowly on fundamental questions on categorizing funds or breaking […]

By Gavin Adamson |March 29, 2006

2 min read

StatsCan book reveals the new face of retirement

With the coming wave of retiring baby boomers, the decisions women make will probably have the greatest impact on the shape of retirement in the future, according to a new book released by Statistics Canada. Many of the book’s themes will be of particular interest to advisors: self-employment numbers are expected to grow and more […]

By Kate McCaffery |March 28, 2006

3 min read

Mortgage holders warned to weigh options

Ah, spring — when a young couple’s fancy turns to thoughts of real estate. Springtime has long been the most active season for real estate transactions, but the past several years have come with the bonus of historically low interest rates. While central bank rates have been steadily creeping higher since bottoming out at 2% […]

By Steven Lamb |March 28, 2006

3 min read

Briefly:

(March 31, 2006) A Quebec man who operated an income tax filing service has been slapped with a 12-month prison sentence and a $533,251 fine after pleading guilty to tax evasion charges. A CRA investigation revealed that between 1997 and 2002, Christian Avard, operating under the business name Le Pro de l’impot, encouraged many of […]

By Staff |March 27, 2006

16 min read