Public-sector projects are stimulating construction industry growth, but mining is still a major driving force for the territories
The younger generation sets bigger savings target for retirement than boomers
Enterprise social networks bring together all forms of digital communication on a single dashboard
The acquisition of Ten Star's mutual fund dealer is the latest in a long line of purchases for Investia, an IA subsidiary
Toronto-based CIBC Asset Management Inc., manager of the Renaissance Investments family of mutual funds, has completed the merger of Renaissance Corporate Bond Fund with Renaissance Corporate Bond Capital Yield Fund. Unitholders of the terminating fund have received units in the same class of the continuing fund. In response to changes to the Income Tax Act […]
Toronto-based Mackenzie Financial Corp. has introduced three new funds to its lineup: Mackenzie Unconstrained Fixed Income Fund, Mackenzie Monthly Income Conservative Portfolio and Mackenzie Monthly Income Balanced Portfolio. Mackenzie Unconstrained Fixed Income Fund implements an “absolute return” strategy that aims to deliver positive returns over a market cycle, targeting a specific return objective vs additional […]
Toronto-based CI Investments Inc. has announced portfolio-management changes to two funds: CI Canadian Small/Mid Cap Fund and Red Sky Canadian Equity Corporate Class Fund. Toronto-based Manulife Asset Management Ltd. and Calgary-based QV Investors Inc. have been named subadvisors to CI Canadian Small/Mid Cap Fund, which focuses on small- and mid-capitalization North American companies. The portfolio […]
Toronto-based Manulife Asset Management Ltd. has hired Kathryn Langridge and Philip Ehrmann as senior managing directors and senior portfolio managers for the firm’s new global emerging-markets equities team. Based in London, U.K., Langridge (also head of global emerging-markets equities) and Ehrmann will manage a global emerging-markets equities strategy for institutional clients and certain Manulife wealth-management […]
James Beattie to lead full-service investment dealer. David Prestwich appointed CEO, Global RESP Corp. and Global Growth Assets Inc.
Toronto-based Franklin Templeton Investments Corp. has approved mergers for six of its corporate-class funds. The changes are in response to federal tax law changes as of Dec 31, 2014, which removed eligibility for yield-class funds to have income treated as capital gains via forward contracts. Five corporate-class funds will merge into their corresponding mutual fund […]