Industry News

IDA joins mutual fund trading review

(January 16, 2004) Canada’s brokerage industry association is surveying the mutual fund trading practices of its 200-plus dealer members, the third regulator to undertake such a review. The IDA says it wants to know more about policies and procedures related to late trading and market timing. The moves comes in the wake of a series […]

By Doug Watt |January 16, 2004

2 min read

Critical illness gaining market share in Canada, conference delegates told

(January 16, 2004) What a difference a year makes. In 2003, the organizer of the first World Critical Illness Insurance (CI) conference told delegates Canada trailed other countries in its knowledge of CI. At this year’s conference, the message is remarkably different. Ben Miclette, Munich Re’s vice-president of living benefits, says the Canadian market generated […]

By Sheila Avari |January 16, 2004

3 min read

New breed of

(January 15, 2004) A Toronto-based firm is shaking up the labour-sponsored investment fund (LSIF) industry, today introducing three closed-end labour funds that promise lower management fees. The three Terra Firma funds from IPM Capital, available in Ontario, are the brainchild of two industry veterans: Julie Makepeace, a founding executive of Canada’s first labour fund Working […]

By Doug Watt |January 15, 2004

2 min read

Soaring markets didn’t help fund sales in 2003

(January 15, 2004) The mutual fund industry posted stellar gains in 2003, but that did not help their sales, according to reports from Morningstar Canada and IFIC. All but one of Morningstar’s 35 fund indices, representing 97% of funds available in Canada, finished December in the black, riding the international recovery in equity markets. For […]

By Steven Lamb |January 15, 2004

3 min read