Industry News

Fund sales slip again in November

(December 3, 2002) The Investment Funds Institute of Canada is estimating another decline in mutual fund sales for November. Preliminary figures suggest a drop in net sales of between $500 million and $900 million. Still, that’s an improvement from October, says IFIC president and CEO Tom Hockin, when mutual funds saw $1.1 billion walk out […]

By Scot Blythe |December 3, 2002

1 min read

Kirby takes Romanow to task over

Romanow report viewed as positive for pension plan sponsors Romanow’s vision of healthcare challenged Despite Romanow’s optimism, advisors recommend “defensive” healthcare planning Romanow says medicare system needs an extra $15 billion from Ottawa New taxes could pay for additional healthcare funding, Senate committee suggests Both the Senate committee and the Romanow reported recommended Ottawa commit […]

By Doug Watt |December 2, 2002

3 min read

Sarbanes-Oxley reforms could be modified: Pension CIO

(December 2, 2002) The chief investment officer of a major Canadian pension fund says new securities reforms in the United States could be “softened.” Tom Gunn of the Ontario Municipal Employees Retirement System (OMERS) in Toronto says the shifting political climate in the U.S. could very well shape the reform-minded Sarbanes-Oxley Act. Sarbanes-Oxley was borne […]

By Jim MacDonald |December 2, 2002

3 min read

Grow your business with Socially Responsible Investing (SRI)

Still think socially responsible investing (SRI) is only for fringe investors who care more about the environment than they do about returns? You may be surprised to discover who’s investing responsibly and just how profitable it can be for them – and you. Between 1998 and 2000, sales of socially responsible mutual funds in Canada […]

By Staff |December 2, 2002

2 min read