Industry News

Central bank watching loonie carefully

(February 17, 2004) The Bank of Canada is keeping a close eye on the strength of the Canadian dollar as it considers the direction of interest rates, says governor David Dodge. In a speech today in Mexico City, Dodge said the central bank’s short-term goal is to keep inflation around the 2% mark. But he […]

By Doug Watt |February 17, 2004

1 min read

Venture capital industry slides again

(February 17, 2004) Venture capital (VC) activity continued to decline in 2003, with both the total value of disbursements and the number of deals sagging, according to a report from the Canadian Venture Capital Association (CVCA). “Reduced capital raised by funds, together with uncertain market outlooks for portfolio companies, has made venture investors cautious,” says […]

By Steven Lamb |February 17, 2004

2 min read

Briefly:

(February 20, 2004) The Ontario Teachers’ Pension Plan (OTPP) posted an 18% return in 2003, the third-best performance in the fund’s 14-year history. The plan’s net assets climbed to $75.7 billion at the end of last year, compared to $66.2 billion in 2002. “We were surprised at the strength of the markets this year. All […]

By Staff |February 16, 2004

7 min read

IFIC reports strong fund sales in January

(February 16, 2004) Mutual fund sales continued to strengthen in January, with net new sales of long-term funds hitting $1.8 billion, up from $1.3 billion in December, according to IFIC. An additional $292.8 million in distributions was reinvested as well, taking the net sales total to $2.1 billion. Gross sales of all funds, including money […]

By Steven Lamb |February 16, 2004

2 min read