News and resources for Canada's top financial advisors
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(March 13, 2003) The majority of Canada’s financial advisors believe the country’s central bank will raise interest rates over the next three months, according to a survey conducted by The ADVISOR Group. Three-quarters of those responding to the online poll said they expect higher rates, compared to 52% when the same question was asked last […]
By Doug Watt |March 13, 2003
2 min read
(March 10, 2003) Two of Canada’s largest capital pools reported losses today. The Ontario Teachers Pension Plan Board is down 2% for 2002, about the same as last year. In Quebec, the Caisse de dépôt et placement lost 9.57%, more than double its loss in 2001. The Caisse’s total loss of $7.59 billion is much […]
By Scot Blythe |March 10, 2003
3 min read
Planning and Advice
(February 2003) The proposed changes to RRSP contribution limits announced in the February 18 budget are a clear indication that the government recognizes the increasingly important role RRSPs play in the financial well-being of Canadians. Show your clients you care by taking the time to explain this initiative to them using this customizable template letter: […]
By Staff |February 26, 2003
(February 14, 2003) Mutual fund performance took another hit in January as 26 of the 32 fund indexes tracked by Morningstar Canada lost ground. Overall, 88% of the 4,500 funds rated by Morningstar reported losses last month, but that doesn’t necessarily mean 2003 will be a losing year. Morningstar analyst Rob Chang says those who […]
By Doug Watt |February 14, 2003
(February 5, 2003) The Canada Pension Plan posted marginally positive numbers over the last three quarters as strong bond performance offset mixed results in the plan’s equity portfolio, says CPP Investment Board president John MacNaughton. For the nine months ending December 31, 2002, the CPP’s investment income rose by $114 million, for a 0.8% rate […]
By Doug Watt |February 5, 2003
(January 15, 2003) In a pattern similar to most of 2002, mutual fund sales finished in the red in December as nervous investors continued to redeem funds. Outflows reached $238 million last month, according to the Investment Funds Institute of Canada, the ninth consecutive month of redemptions. Similar to November, when outflows were $580 million, […]
By Doug Watt |January 15, 2003
GDP growth of 3.0% in Canada and 2.5% globally Interest rates will remain stable at 3.0% for the first six months of the year, but the Bank of Canada is expected to raise rates by a total of 50 basis points by the end of the year. The median forecast for the Canadian dollar was […]
By Jim MacDonald |January 8, 2003
(December 27, 2002) If you believe the newspaper headlines, Canadian investors spent most of 2002 “fleeing” or “abandoning” mutual funds. There’s no question the bear market put a severe dent in fund sales this year, but industry experts say advisors need to keep the losses in perspective, and encourage clients to do the same. Mutual […]
By Doug Watt |December 27, 2002
(November 25, 2002) While Canadian investors pulled money from mutual funds in September, foreign investors sold Canadian equities and money market paper. Foreign investors reduced their holdings of Canadian securities by a net $1.6 billion in September, said a report by Statistics Canada today. North American equity markets were weak in September — for example, […]
By Jim MacDonald |November 25, 2002
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