Industry News

New IFIC boss won’t take sides

Industry trade associations of all stripes have similar needs at their core — strong, organized management with lobbying and relationship building skills, an awareness of legal and regulatory issues, as well as the diplomacy to find common interests and issues among members. In a changing of the guard at IFIC next month, incoming president and […]

By Kate McCaffery |December 6, 2005

3 min read

Analysts look for Santa Claus rally

It’s called “seasonal strength” and December is expected to be another strong month on the stock markets. Indeed, the S&P/TSX Composite Index has been up 43 of the last 49 Decembers, posting the strongest average return of any single month, with the least volatility, says George Vasic of UBS Investment Research. “We believe this reflects […]

By Doug Watt |December 5, 2005

2 min read

Briefly:

(December 9, 2005) The Canadian Investment Funds Standards Committee (CIFSC) has announced the appointment of Ralf Hensel as chair of the committee. Hensel is senior legal counsel at IFIC. This marks the first time CIFSC has named a chair from IFIC. “I am honoured, although I was thinking about demanding a recount,” Hensel joked upon […]

By Staff |December 5, 2005

9 min read

Industrial Alliance boosts Clarington bid

Industrial Alliance Insurance and Financial Services has increased its bid price for Clarington to $15 per share, topping a bid of $14.75 per share from CI Financial. “This is the best offer and the only firm and binding offer made to Clarington shareholders to this point,” stated Yvon Charest, president and CEO of Industrial Alliance. […]

By Steven Lamb |December 5, 2005

2 min read