Industry News

Growth to remain steady, despite shifts

The Canadian economy is expected to continue its steady growth rate for as far out as anyone cares to predict, but the driver of that growth will shift in 2006, according to Watson Wyatt’s annual survey of Canadian financial organizations and research institutions. “Over the past two years, Canadians have been spending at above-normal levels, […]

By Steven Lamb |January 16, 2006

4 min read

Rising markets fuelled fund sales, assets in 2005

December capped off a banner year for mutual funds in Canada. Strong financial markets and a corresponding increase in sales helped the industry post its largest ever annual increase in assets. Industry assets rose nearly 15% to $570 billion last year, up from $497.3 billion in 2004. The 2005 Review of Annual Mutual Fund Statistics, […]

By Kate McCaffery |January 16, 2006

4 min read

Tories promise to scrap capital gains tax

The Conservatives say they will eliminate the capital gains tax on the sale of assets, provided the proceeds are reinvested within six months. “Canadians who invest, or inherit cottages or family heirlooms, should be able to sell those assets and plough their profits back into the economy without taking a tax hit,” the Tories say […]

By Staff |January 13, 2006

1 min read

Financial firms unprepared for boomers’ retirement

Despite the impending retirement of the baby boom generation, most financial services firms have no specific marketing plan in place to address this massively wealthy group, according to a new study by an international management consulting firm. “Our research indicates that nearly two out of three firms have not yet developed a comprehensive marketing and […]

By Steven Lamb |January 13, 2006

2 min read