Tis the season to make promises to ourselves. Canadians are looking ahead to 2011 and promising to be better with their money, according to a survey by TD Bank Financial Group. Whether they follow through on that promise remains to be seen, but 62% said they aren’t waiting for the New Year to roll around […]
Despite the widespread adoption of the RRSP, one third of Canadians say they will not make a contribution to their plan this year, according to a survey commissioned by BMO Financial Group.
Women in Capital Markets is pleased to announce the winners of the 2010 WCM Executive Coaching Award Program, sponsored by BMO Nesbitt Burns. This is the third year of the program, which provides career coaching and development services from Felix Global Corp. to qualified senior women working in the capital markets in Canada.
Scotia Asset Management has appointed Goodman & Company, Investment Counsel as portfolio advisor change to Scotia US Value Fund, effective on or about December 31, 2010.
Union Securities is launching a new high grade bond fund, which will be available to retail, corporate and institutional investors. This is the first of Union's proprietary products that is both managed and administered by the full service brokerage firm.
Investors can expect North American stock markets to rise for the third consecutive year in 2011, according to TD Waterhouse’s Investment Outlook. The U.S. equity indices will lead, with low double-digit returns, while the primary Canadian index should post high single-digit returns. Acknowledging that macroeconomic issues will continue, chief portfolio strategist Bob Gorman says: “In […]
An assortment of media reports tell us this weekend’s Grey Cup will be the scene of some off-field maneuvering in the securities regulation game. Alberta Premier Ed Stelmach is reportedly planning to broach the subject of a western securities commission while hosting his opposite number from Saskatchewan, Brad Wall. The rumours also suggest that Manitoba […]
The wealth management landscape in Canada changed on Monday, with the announcement that Scotiabank would buy DundeeWealth. While the obvious change in the industry was the elevation of Scotia within the asset management business, the deal helped define the market, according to Bruce R. Jackson, president and chief operating officer of Cumberland Private Wealth Management. […]
The country’s leading provider of financial learning, credentials, and certification, CSI Global Education Inc., has been sold to Moody’s Corporation, subject to customary closing adjustments. CSI will operate within Moody’s Analytics, strengthening the ratings agency’s capabilities for delivering credit training programs, research and analytical services, and risk management software to financial institutions worldwide. “We are […]
Scotiabank has struck a deal to buy the remaining equity in DundeeWealth, of which the bank already owns 18%. The transaction will dramatically change the face of the mutual fund industry, where Scotia was something of a laggard among the big banks. Prior to the deal, Scotia was the tenth largest mutual fund asset manager, […]