Industry News

Fund values drop, sales firm in March

(April 2, 2004) All good things must come to an end and the run of positive mutual funds returns is no exception. March was a poor month for investors, as 21 of 32 Morningstar Canada Fund Indices turned in negative results, according to preliminary data from the fund industry watcher. The poor performance didn’t turn […]

By Steven Lamb |April 2, 2004

2 min read

IDA launches new industry analysis

(April 2, 2004) The IDA has launched a new quarterly industry report, called IDA Wealth Watch, a publication aimed at the retail investment dealer. “The first edition is a little broad in coverage, because it’s really meant to define the business and identify some broad trends and drivers,” says Jon Cockerline, director of capital markets […]

By Steven Lamb |April 2, 2004

2 min read

Provinces struggle to balance books

$62 million budget surplus for 2004, as predicted but with decreased reliance on Fiscal Stabilization Fund 2005 balanced budget projected Financing requirements should come in under budget by $100 million for 2004 at $1.1 billion Provincial sales tax will rise from 6% to 7%, effective immediately Program spending growth of only 0.8% is currently planned […]

By Steven Lamb |April 1, 2004

3 min read

Expert discusses three key elements of doing due diligence

Whether the area has enough traffic to create additional demand Aerial photographs Environmental reports Appraisal reports Full financial information “The other thing is — if you’re going to go and put clients in one of these things — have somebody from the company go down and take a look. Nothing beats an arm’s-length inspection,” he […]

By Art Melo |March 31, 2004

3 min read