Industry News

Legal defence fund touted as adjunct to E&O

(August 17, 2004) Advisors worried about exclusions in their errors and omissions insurance policies and rising premiums have another option to consider: purchasing a membership in a legal defence fund service. It’s a niche market that’s been successfully tapped by Las Vegas-based Financial Advisors Legal Association (F.A. Legal), which offers legal consultation and counsel to […]

By Doug Watt |August 17, 2004

3 min read

Briefly:

(August 20, 2004) Scotiabank has launched a new online Investor Education Centre, aimed at helping clients improve their financial skills and make them more savvy investors. “Many of our customers are interested in access to tools and resources that will allow them to further develop their knowledge and understanding of key investing principles,” says Paul […]

By Staff |August 16, 2004

5 min read

Oil could hit $50 a barrel, economist says

(August 16, 2004) Crude oil prices — which have been hitting record highs of late on an almost-daily basis — could have even more upside potential, says BMO Nesbitt Burns senior economist Douglas Porter, and that could mean a $50 barrel in the not-too-distant future. In an online commentary, Porter notes that the cushion of […]

By Doug Watt |August 16, 2004

2 min read

Fund sales remain in a rut

(August 16, 2004) Canadian investors are not changing their tastes when it comes to mutual funds, as risk aversion appeared to remain high in July, according to the latest industry data from IFIC, which today reported net sales of $544 million. “It’s just a continuation of the trend — people shunning equity funds and favouring […]

By Steven Lamb |August 16, 2004

2 min read