Industry News

Fair dealing’s advisor committee takes summer break

(July 26, 2004) When the Ontario Securities Commission released its fair dealing model earlier this year, it also set up six industry working groups to work through the concept paper. Toronto advisor John De Goey gave Advisor.ca an inside look at the advisor transition committee, which is currently on a summer hiatus. “Our committee talks […]

By Doug Watt |July 26, 2004

3 min read

Briefly:

(July 30, 2004) Sun Life Financial has reported quarterly earnings of $438 million, up from $366 million for the second quarter of 2003. Earnings per share were up 22% to 73 cents for the quarter and return on equity (ROE) increased to 12% from 10.%. “We are pleased with the overall results and the positive […]

By Staff |July 26, 2004

5 min read

Beer merger could benefit funds, says Morningstar

(July 23, 2004) The proposed merger of Molson and Coors could boost the fortunes of mutual funds that invest in the two beer companies, says Morningstar Canada. Several Canadian mutual funds have substantial holdings in Molson’s shares including Trimark Canadian Endeavour (5.4% of assets), Trimark Enterprise (4.2%), Clarica Canadian Large Cap Value (4.2%), Northwest Canadian […]

By Doug Watt |July 23, 2004

2 min read

Templeton outlook: Tempered optimism

(July 23, 2004) While it is tempting to think the heady days of the late 1990s have returned, investors need to realize that 2003 was an extraordinary year for North American equity markets, according to a panel of fund managers assembled for Franklin Templeton’s annual Outlook and Opportunities Forum in Toronto this week. “My message […]

By Steven Lamb |July 23, 2004

4 min read