If there’s any manager who knows a thing or two about what is going on beyond Canada’s borders it’s Gerald Cooper-Key. The Calgary-based manager of Mawer Investment Management’s World Investment Fund has been seeking out undervalued companies for nearly two decades. Not only is his fund seeing an 11.84%, five-year average return, but Cooper-Key was […]
Prior to July 7, Canadians forced into bankruptcy could kiss their entire retirement savings goodbye. But thanks to a new rule implemented at the beginning of the month, creditors can no longer raid a client’s RRSP savings. The rules also apply to RRIFs and deferred profit-sharing plans. Terri Williams, CFP and director of educational services […]
Everyone has an opinion on where the global economy is headed, but only a few have the investing experience that Quantum Fund co-founder Jim Rogers does. Speaking at CFA Toronto’s annual dinner, the legendary hedge fund manager told a packed house that commodities are today’s best investment. “If history is any guide, this bull market […]
With equity markets dropping over the last month, it’s no surprise that 41 Morningstar Fund indices experienced losses in September, while just two — both money market-related — saw near-zero returns. “Equity markets plunged, and investment funds along with them, in the face of the worsening U.S. credit crisis,” says Morningstar Canada in a release. […]
It might sound outrageous, but back in the day Canadian investors generally stayed on in the cities they were born in. Today’s retirees travel across the country for months on end, while working stiffs pick up and move to another province if the right job pops up. While that’s great for Canada’s economic growth, all […]
(September 2008) With the U.S. bank bailout failing in the house of representatives, the questions now becomes, what’s going to happen to America’s economy? While you’ll hear a bevy of politicians and pundits pontificate on how this will affect the States in the coming days and weeks, on Friday, before the government’s rescue plan failed, […]
For years, the general consensus around retirement has been that people haven’t saved enough money, don’t have enough to live on and are scared about their golden years. Well, a new survey by Russell Investments and Harris/Decima says retirees are doing just fine. The survey, which was released Tuesday, says 88% of retirees consider their […]
While the U.S. government’s ban on short-selling financial stocks has helped boost markets, this temporary plan will put hedge funds in a tough spot, at least until the restriction is lifted on October 2. “Shorting is very much in essence what hedge funds do,” says Pierre Saint-Laurent, president of Toronto-based Asset Council Inc. “It will […]
It was no presidential debate, but on Wednesday two financial stalwarts engaged in a heated conversation about Canadian securities regulation. Ian Russell, president and CEO of the Investments Industry Association of Canada, and Pierre Lortie, former president and CEO of the Montréal Exchange, traded barbs and views on whether or not a national securities regulator […]
With the comment period now closed for the MFDA’s proposed amendments to its client communication and client reporting rules, organizations are starting to speak out about the changes, including Advocis, which is especially upset with the SRO. The group, which represents Canada’s advisors, says the MFDA failed to talk to advisors before publishing these proposed […]