Industry News

IFIC reports January fund sales higher

(February 4, 2004) Mutual funds sales improved in January, as Canadians bought an estimated $1.8 billion worth of funds, according to a preliminary report from IFIC. That marks a rise of $700 million over the previous month. Assets in funds grew to an estimated $450 billion to $455 billion as the markets continued to move […]

By Steven Lamb |February 4, 2004

1 min read

Insurance issues dominate complaint centre’s first year

(February 4, 2004) The consumer complaint centre for the financial services industry received more than 3,500 complaints in its first year of operation. The majority of those concerned insurance, says the Centre for the Financial Services OmbudsNetwork (FSON), which released its annual report today. The centre — which began operating in November 2002 — received […]

By Doug Watt |February 4, 2004

2 min read

Credit quality will be stable in 2004, S&P predicts

(February 4, 2004) Fixed income investors can take heart, as credit quality should remain stable for 2004, according to rating agency Standard & Poors. “We expect that 2004 will be a period of relative stability for Canadian credit quality,” says Robert Palombi, economist and fixed income analyst at Standard & Poors. “Stabilizing credit quality will […]

By Steven Lamb |February 4, 2004

3 min read

Briefly:

(February 5, 2004) The worldwide value of mutual fund assets hit $12.83 trillion US by the end of the third quarter of 2003, marking a 4% increase during that quarter, according to a report from the Investment Company Institute. The increase was due to both the ongoing recovery in equity markets and an increase of […]

By Staff |February 3, 2004

6 min read