Industry News

Funds see higher returns, sales in June

(July 6, 2004) Mutual fund performance improved in June, with 21 of 32 Morningstar Canada fund indices advancing, up from 18 in May, according to the investment funds analyst firm. Japanese equity funds were the top performers, with that index rising 3.6% in June. Japanese equity funds have also posted the best year-to-date performance, gaining […]

By Steven Lamb |July 6, 2004

2 min read

Canada poised to benefit from global upswing

(July 6, 2004) With a global economic upswing in progress, Canada is poised to take benefit from its internal, consumer strength, as well as through trade with the U.S. and China, according to a report out this morning from RBC Economics. “Canadian growth is on the upswing, domestic and external demand are healthy and the […]

By Steven Lamb |July 6, 2004

2 min read

Briefly:

(July 9, 2004) An annual review of investment counsel and portfolio managers conducted by the Ontario Securities Commission (OSC) reveals no significant improvement in overall compliance with regulatory guidelines. And although no new compliance problems have emerged, the number of deficiencies has actually increased in some categories, the regulator says. The most common deficiency involved […]

By Staff |July 5, 2004

7 min read

Bank advisors increasingly dominant

(July 5, 2004) After lagging behind the rest of the advice industry in the 1990s, Canada’s big banks are fast becoming the dominant players in the field, according to Toronto-based consultancy group, Investor Economics. Having probed the banks’ growth in the fund industry in its May issue of Investor Economics’ Insight, the June edition looks […]

By Steven Lamb |July 5, 2004

3 min read