Industry News

Fund sales hit four-year high

(March 15, 2004) Net sales of mutual funds reached $5 billion in February, IFIC confirmed today, capping off the best RRSP season since 2000. “Sales for the first two months of 2004 totaled $6.9 billion, compared with only $16 million in the same period, one year ago,” said Tom Hockin, IFIC president and CEO. “Some […]

By Steven Lamb |March 15, 2004

3 min read

Latin American funds stage stealth rally

(March 12, 2004) Natural resource and Latin American equity mutual funds were February’s top performers in a month which saw the vast majority of funds gain ground, according to Morningstar Canada’s monthly report. “Broad-based strength in global equity markets drove approximately 96% of funds into positive territory last month, building on January’s gains,” says Morningstar […]

By Doug Watt |March 12, 2004

2 min read

Market rally stalled, not sidelined: Economist

(March 12, 2004) Stocks have stumbled badly this week and could fall even further, says economist Sherry Cooper, predicting a correction of about 10%. But Cooper believes this is not the end of the bull market. “While economic activity has slowed worldwide from the breakneck third-quarter pace of last year, lower interest rates and still-strong […]

By Doug Watt |March 12, 2004

2 min read

CPP Investment Board chief discusses

The federal finance minister appoints directors from the nominating committee’s list after consulting the provincial finance ministers. Once a year, directors evaluate the effectiveness of the board of directors, including assessing that “there has been no inappropriate pressure brought to bear on the board, any director or management in the investment, procurement or recruitment decisions […]

By John Craig |March 11, 2004

3 min read