Moderated by Vikram Barhat Participants: Tony De Thomasis, president, De Thomas Financial Corp. Mark Yamada, president, PUR Investing Inc. Tony De Thomasis: In my mind nothing has changed. What happened in 2008 was like the Black Swan book. It's something that happens once every 80 or 100 years. I'm not going to change the way […]
Investors outside Ontario and B.C. will feel the pinch of the harmonized sales tax (HST) as mutual fund companies decide to pass it onto them. The additional cost will particularly hurt those saving for retirement. The Investment Counsel Association of Canada (ICAC) is concerned about the impact of HST on Canadians’ ability to save for […]
When markets turn volatile, curb your cowboy instincts. Stay invested, stay diversified and don’t time markets. That’s the message financial experts from around the world are trying to send out to investors. Speaking via a webcast hosted for the clients of Fidelity Investments, three of firm’s top portfolio managers shared insights on what’s happening in […]
To state the obvious, risk appetite is the first casualty of a yo-yo market. Investors take a flight to safety and bonds come back in vogue. Not surprisingly, the market volatility of the past six months has caused a continued influx of capital into fixed income. In fact, fixed income trading platform CanDeal announced it […]
Volatility and risk aversion will put pressure on the loonie while U.S. Treasuries will remain the best bet for a flight to safety. The prediction forms the Canadian perspective of an economic commentary by Bob Doll, vice-chairman and chief equity strategist for fundamental equities, BlackRock Inc. In his mid-year update to 10 predictions for the […]
Condo or home? Semi-detached or fully detached? New or old? Fixed-rate or variable rate mortgage? Never before has doing the dreaded homework on home-buying been more crucial. Nor has it ever been done so exhaustively, says the first TD Canada Trust Home Buyers Report which surveyed Canadians who have purchased their first home in the […]
China’s efforts to stave off economic overheating will see its double digit GDP growth moderate. However, far from causing a drastic slowdown, this cooling of Chinese output merely aims to reverse policies that were adopted to hedge against the global economic crisis of 2008, according to a new report from CIBC World Markets. There are […]
It seems they will beat the Tax Free Savings Account bum rap after all. The Government of Canada all but announced on Friday an amnesty on TFSA overcontribution penalties for 2009. This comes as a relief to some 70,000 TFSA holders who inadvertently fell foul of the tax law. A statement issued by Keith Ashfield, […]
Moderated by: Vikram Barhat Participants: Blair Falconer, vice-president, HSBC securities, Toronto. Serge G. Pepin, head of investments, BMO Investments Inc. Falconer: The biggest pitfall of leveraging is it magnifies losses. I mean, it magnifies gains as well, but it becomes your biggest risk when your investment strategy turns against you and then all of a […]
Misconceptions among regulators and consumers are hurting advisors and indeed the entire mutual fund distribution industry. It’s a double-edged sword that slashes the value of advice on the one side and pares participants’ trust on the other, says George Aguiar, president and CEO of GP Wealth Management in Toronto. Aguiar talked about the viability of […]