Industry News

Market action slumps, but resource sector remains hot

(November 15, 2004) Stock market activity declined slightly in the third quarter of the year, with equity issuance reaching $10.6 billion, down 11% from Q2, the IDA says. Still, equity issuance remains at relatively high levels compared to last year, driven by Canada’s booming resource sector. For the first nine months of the year, total […]

By Doug Watt |November 15, 2004

2 min read

Advisor Forum preview: The

(November 15, 2004) Advisors who calculate their clients’ net worth using traditional accounting practices are missing the big picture, according to finance professor Moshe Milevsky. The personal financial balance sheet includes assets and liabilities — subtracting one from the other leaves the client’s net worth. “You probably do this with all your clients,” Milevsky says. […]

By Doug Watt |November 15, 2004

2 min read

Briefly:

(November 19, 2004) The makers of a popular software application for the life insurance industry has announced the release of its latest version. CoVirt’s VirtGate 6.0 includes the ability to toggle between English and French, extended underlying data models which accommodate new product types and an option to import CANNEX data. “VirtGate users are able […]

By Staff |November 15, 2004

7 min read

Fund sales fall flat in October

(November 15, 2004) Canadians sold off mutual funds in October, with net redemptions of $52 million, according to the latest monthly data from IFIC. That marks an improvement of more than $500 million in redemptions in September. “This is really just a continuation of a trend away from money market funds, which are not perceived […]

By Steven Lamb |November 15, 2004

3 min read