1832 Asset Management announces team changes

1832 Asset Management announces team changes William McLeod has joined 1832 Asset Management L.P. as vice-president and portfolio manager. McLeod has more than 13 years of investment industry experience, and was recently portfolio manager and head of Canadian equities at a global banking institution. The firm also announced that Cecilia Mo has made a personal decision to take a […]

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Why aren’t clients investing?

Why aren’t clients investing? More than one-third of Canadians (36%) do not have an investment account, finds a survey by Tangerine Investments. Further, just 4% of non-investors have considered opening one. Why don’t Canadians invest? More than two-thirds (70%) say they don’t have enough money; 25% are worried about the risk of losing money; and […]

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Clashing views at embedded fee roundtable

Clashing views at embedded fee roundtable Expect policy on embedded commissions to be published in early 2018. So said John Mountain, the OSC’s director of investment funds and structured products, at Monday’s roundtable discussion on the proposal to ban embedded fees. Maureen Jensen, OSC chair, specified springtime. Though the roundtable focused on three alternatives to […]

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NDP has no love for proposed tax measures

NDP has no love for proposed tax measures Finance Minister Bill Morneau is putting the squeeze on federal New Democrats, chiding them for failing to support his proposals to end what he calls unfair tax advantages for some wealthy small business owners. In a letter to three New Democrat MPs, Morneau says he was surprised […]

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Foreign purchase of Canadian bonds hits all-time high

Foreign purchase of Canadian bonds hits all-time high Statistics Canada says foreign investment in Canadian securities totalled $24.0 billion in July, led by a record acquisition of Canadian bonds. Read: Expect ‘significant’ increase in bond yields: economist  The total for the month reversed the sale of $858 million in Canadian securities by foreign investors in June. […]

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Investors want Canadian-owned investments, global expertise

Investors want Canadian-owned investments, global expertise Clients and advisors share their thoughts — 50 of them — in a survey sponsored by Mackenzie Investments. More than three-quarters (78%) of investors surveyed say it’s important for advisors to offer products and services from Canadian-owned asset management companies. Just under three-quarters (72%) say it’s important for asset […]

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No to tax on insurance products: poll

No to tax on insurance products: poll Most Saskatchewan voters — 73% — oppose the government’s decision to add PST to a range of insurance products, reveals a poll conducted by Maple Leaf Strategies on behalf of Advocis. Read: Tax on insurance premiums in Saskatchewan coming soon Further, 77% say taxing insurance is “unfair,” and […]

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BoC monitoring protectionism, innovation

BoC monitoring protectionism, innovation A senior Bank of Canada official says the central bank is seeing encouraging signs that exports and business investment are broadening and strengthening. Deputy governor Timothy Lane said in a lunch time speech to the Saskatoon Regional Development Authority that international trade is key to Canada’s economic growth potential. However, he […]

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Accenture appoints director of artificial intelligence

Accenture appoints director of artificial intelligence Accenture has appointed Jodie Wallis as managing director for Artificial Intelligence (AI) in Canada, effective immediately.  Wallis, who’s worked at Accenture for more than 20 years, will oversee the company’s investments in the domestic AI ecosystem, including Accenture’s sponsorship of the Vector Institute for Artificial Intelligence in Canada, which […]

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