With lackluster returns, record high redemptions, and even OSC investigations, the mutual fund industry has received its share of public impeachment. Mutual funds may not be the shining stars they once were during the 90’s, but does an entire industry deserve to be targeted?
Economists tend to exaggerate their interpretations of economic data. Exaggeration may be all in a day’s work, but when the economy is experiencing a growth transition, it can be misleading.
by Stephen S. Poloz
Teachers’ Private Capital, the private equity arm of the $79-billion Ontario Teachers’ Pension Plan, has win this year’s ‘Deal of the Year’ award for its investment in Yellow Pages Group.
mothering ’n more! inc., a Canadian company that provides parents with education, preparation and support, has launched Parents At Work, a new program that addresses the needs of busy, working parents.
Wellington West Capital Inc. of Winnipeg and Harris Partners Ltd. of Toronto have agreed to forge a union and create an Institutional Trading Division that will see the new Harris Partners become Wellington West Capital Markets Inc.
Canadian Quotation and Trade Reporting System Inc. (CNQ) reports that it has completed its first full year of operation with several consecutive months of increased trading activity.
It was no surprise that the provinces and the federal government did not reach an agreement on health care, with the cameras trained on every word from each of the leaders. When a camera is on a political leader, all you receive is political posturing for their constituents back home.
by David J. Marshall
It’s Friday night and, as usual, we found ourselves at a restaurant in Oakville. My wife said, “I really had a great time tonight. Oh, before I forget, remember the article you wrote about two economists who looked at the same US employment report but came up with exactly opposite viewpoints? Well, Mary Jane from my gym read your article in The Bay Street Times and thought you were so smart.
by David Yu, CFA
I am currently reading Bill Bonner’s Financial Reckoning Day. I just received it two days ago, am almost finished and can’t wait to start over again. Bill Bonner is a contrarian (a contrarian believes that money in Wall Street is not made by following the crowd). He is the publisher and CEO of The Daily Reckoning, a free email newsletter that should be in everyone’s inbox. On page 137 of his new novel, I found this little tidbit, quoting Alan Greenspan:
by Terry DeVries
When you decide to approach your corporate financial report this year, it is worth remembering that a corporation is essentially an abstract entity – it is your annual report that helps make your company ‘real’ in the reader’s mind. By holding your annual report in their hands, current or potential shareholders hold more than just a pile of printed pages – they are holding your company.
by Lyle Fraiman