Industry News

Prescription for health: Healthcare financial planning solutions for Canadians

(November 13, 2002) On September 17, word that the GST could increase to 10% made Canadians gasp in horror. The rumour was scoffed at by Prime Minister Jean Chretien in an effort to ease fears, even though it could have brought in an additional $9 billion a year — funds to pay for what is […]

By Sheila Avari |November 19, 2002

7 min read

Canadian pension assets broke through half a trillion dollars in 2002

(November 14, 2002) Canadian pension assets under external management exceeded the $500-billion level for the first time ever in 2002. As of June 30, the 163 firms surveyed for the “The Top 40 Money Managers of 2002” by Benefits Canada magazine managed $516.4 billion in aggregate — a 3.8% increase over the 2001 total. Equity […]

By Jim MacDonald |November 19, 2002

2 min read

Automated securities trading to save $140 million annually, study concludes

operational risks and financing cost savings ($45 million) operational efficiency gains ($42 million) transaction correction cost reductions ($35 million) new revenue sources ($10 million) infrastructure savings ($5 million) “The reduction in cost and risk associated with implementing STP in the securities industry will result in better service, better prices and increased competitiveness of Canada’s capital […]

By Doug Watt |November 19, 2002

2 min read

Canadians took up less RRSP room in 2001

(November 19, 2002) Canadians used up only about 9% of the total RRSP contribution room available in 2001. Statistics Canada reported today that a total of 6,241,050 taxfilers contributed just over $28.4 billion to their RRSPs in 2001. The RRSP contributions fell 3.0% from 2000, when Canadians socked away $29.3 billion. The number of contributors […]

By Jim MacDonald |November 19, 2002

2 min read