Industry News

Desjardins acquires Northwest Mutual Funds

(July 31, 2003) Montreal-based Desjardins Financial is expanding its mutual fund operations, today announcing the acquisition of Northwest Mutual Funds, a division of First Asset Management. Under the terms of the deal, the Northwest team will continue to manage the firm’s eight funds and will also assume responsibility for Desjardins’ Maestral fund family. Financial details […]

By Doug Watt |July 31, 2003

2 min read

Cross-border challenge explored in August’s Advisor’s Edge

(July 30, 2003) There are few countries that share such a close relationship as Canada and the U.S. It’s not uncommon for Canadians to cross the border to work, nor is it rare for Canadians to marry Americans. But these close ties can present an advisor with several challenges, which are the focus of the […]

By Steven Lamb |July 30, 2003

2 min read

Big-bank economists not impressed by Canada’s GDP stats

(July 30, 2003) The outlook for the Canadian economy is flat for the second quarter, according to economists at the big banks. And usual suspects — severe acute respiratory syndrome (SARS), mad cow disease and the soaring Canadian dollar — are catching the blame for this underperformance. The Canadian economy grew in May by 0.1%, […]

By Steven Lamb |July 30, 2003

3 min read

U.S. moves forward on mutual fund fee disclosure

(July 29, 2003) U.S. mutual fund fees would become more transparent under a new bill proposed by the House of Representatives. The new law would require disclosure — in dollar amounts — of all mutual fund operating expenses borne by investors, says Paul Roye, director of the U.S. Securities and Exchange Commission’s (SEC) investment management […]

By Doug Watt |July 29, 2003

2 min read