(July 19, 2005) AIM Trimark Investments received top marks in a recent survey of technology and internet services provided by Canadian and U.S. financial services companies. Leading a group of 20 U.S. firms and four Canadian firms, the company ranked number one overall in the Benchmarking Internet Servicing of Advisors report, created by Forest Hills, […]
(July 15, 2005) The Canadian mutual fund industry attracted $1.8 billion in net new sales in June, the highest for the month since 1998. Investors are continuing to move into longer-term investments, the IFIC data suggests. At the same time, industry competition and clone fund consolidation are both starting to have an effect on sales. […]
(July 12, 2005) Canadians are optimistic about their economic future, due in large part to stable interest rates and falling unemployment numbers, but critics say consumers are being misled by job creation statistics. Despite volatile number reported by the University of Michigan, Canadian confidence has remained steady and strong during the past three quarters. Today, […]
(July 11, 2005) Economists say Canadian economic growth could peak in 2006, then pull back to higher but more moderate levels. Summer forecasting season is well underway and the consensus so far puts Canadian GDP growth between 2.9% and 3.4% in the coming year. The latest reports — one from BMO Financial Group and another […]
(July 6, 2005) Amvescap has confirmed that CI Fund Management has made a bid for all or part of the company in an apparent effort to acquire AIM Trimark, the company’s Toronto-based subsidiary. Amvescap rejected the bid, saying it “is not in the best interests of shareholders.” Although Amvescap rejected the deal, reports suggest that […]
(July 5, 2005) The Canadian dollar’s drag on international trade will likely diminish in the coming year and real GDP growth will likely pick up by 2006 as Canada’s strong domestic economy provides a boost and offsets struggling trade sectors. Authors of the RBC quarterly Provincial Outlook say real growth is expected to reach 2.7% […]
No matter how badly they want to grow their high net worth client base, many advisors are simply not equipped to properly serve millionaire clients, says one expert in the field. Many have no clue how to effectively communicate in ways that are appealing to wealthy clients and chronic tunnel vision leads many to consider […]
(June 29, 2005) Every four years the market bottoms out, creating a major buying opportunity. That opportunity is coming soon if you believe Ralph Acampora, director of technical analysis at Prudential Securities. He says buy and hold doesn’t work in today’s markets, and investors trying to index will likely end up right back where they […]
(June 28, 2005) It’s not a bad time to be exhibiting a strong home country bias in your investment portfolio. In fact, in global terms, Don Coxe, chief strategist at Harris Investment Management, says the next decade belongs to Canada for a number of reasons. So far, Canadian markets have experienced five good investment years, […]
(June 28, 2005) The Investment Dealers Association is selling off the Canadian Securities Institute. The announcement by the IDA’s outgoing chair and promises of regulatory reform were all part of presentations at the IDA annual general meeting and conference this week in Banff, Alberta. Outgoing chair Brian Porter and newly-appointed chair Ross Sherwood addressed delegates […]