(August 11, 2005) The Canada Pension Plan Investment Board (CPPIB) is beefing up its real estate and infrastructure holdings in an ongoing effort to diversify and hedge pension assets against inflation. In the last quarter, the board nearly doubled its real estate holdings to meet those objectives. Overall, the CPP reserve fund grew $5.7 billion […]
(August 10, 2005) Removing the foreign property rule has shifted considerations in many areas of money management, including pensions, but where defined benefit (DB) plans have professionals determining appropriate asset mixes, clients with defined contribution (DC) plans could find themselves behind the curve. DB plan are typically handled by large investment managers. However in DC […]
(August 9, 2005) The boom in new housing construction looks set to continue for the rest of the year in Canada, but the latest numbers from the Canada Mortgage and Housing Corporation (CMHC) suggest affordability is becoming a greater issue for many would-be homeowners. Low mortgage rates and solid labour market conditions helped housing starts […]
(August 4, 2005) Investors burned by misleading public company statements could have a friend in the Ontario government. New legislation proclaimed this week will give stock market or secondary market investors the right to sue public companies that issue misleading financial reports, press releases and other disclosure documentation. The government released a statement on Wednesday […]
(August 2, 2005) The little Canadian money manager, CI Investments, could be preparing to launch a hostile takeover bid for U.K. behemoth, Amvescap. In a statement released on Monday to European media outlets, CI said it is considering a number of available options, including the possibility it will make a bid for the company, without […]
(July 29, 2005) Many clients have locked-in retirement accounts (LIRA) as a result of changing careers several times during their lives. These assets are generally inaccessible to clients until they reach retirement, but unscrupulous advisors, several of whom are the targets of ongoing regulator investigations, are advertising to the contrary and preying on needy clients. […]
(July 28, 2005) The energy sector is on a tear and taking the entire Canadian market with it. The fundamentals supporting the boom are still relatively solid, but some analysts say we’re reaching cyclical highs, and managers are finding out shares are getting pretty fairly valued. “None of the companies in the energy sphere — […]
(July 27, 2005) Canadian mining and resource companies that make up a significant part of the S&P/TSX Composite Index are operating in countries with some of the highest rates of HIV/AIDS infection in the world. The Ethical Funds Company has conducted a preliminary review of those companies as part of its effort to benchmark current […]
(July 22, 2005) The Canadian Securities Administrators (CSA) released a discussion paper today, soliciting feedback from market participants on market structure developments and trade-through obligations. A trade-through occurs when a dealer bypasses a quote on one market trading system to execute trades at an inferior price on another system. Until recently no issues arose under […]
(July 21, 2005) China today announced it would revalue the renminbi, taking market watchers by surprise by removing the U.S. dollar peg entirely, using a basket of currencies instead to set exchange rates going forward. In addition to revaluing the currency, pushing it up 2.1% against the U.S. dollar, the People’s Bank of China says […]