Tammy Schirle of Wilfrid Laurier writes a good piece titled Six questions Ontario must answer before it starts a pension plan (although the headline writer confused ‘exhortations’ with ‘questions’): 1. Be clear about the market …
Search Results for: performance
July 10, 2014
Looks like Canadian shadow banking is picking up: Canada’s banks developed their commercial banking arms over decades by lending to companies that typically generate annual revenue of $50-million or less, nurturing scores of client relationships. …
July 9, 2014
The National Securities Regulator has just gotten a little more national: Two more provinces have agreed to join a voluntary national securities regulator expected to begin operations in the fall of 2015, bringing the total …
July 8, 2014
Banks engage in maturity transformation and this sometimes gets them in trouble. Many mutual funds and ETFs engage in liquidity transformation, and this is getting some people worried: Junk-loan funds harbor a significant, structural risk …
July 7, 2014
For all the recent hope about the US – given its recent jobs number – the rest of the world isn’t doing all that well: International Monetary Fund Managing Director Christine Lagarde signaled a cut …
MAPF Portfolio Composition: June 2014
Turnover picked up in June, to about 10%. There is extreme segmentation in the marketplace, with OSFI’s NVCC rule changes in February 2011 having had the effect of splitting the formerly relatively homogeneous Straight Perpetual …
July 4, 2014
Nothing happened today. The Canadian preferred share market pulled back today, with PerpetualDiscounts losing 10bp, FixedResets off 2bp and DeemedRetractibles down 4bp. Floaters did quite well, but apart from them there was little volatility. Volume …
July 3, 2014
Moody’s has assigned a negative outlook to Ontario: Moody’s Investors Service has today changed the outlook on the Province of Ontario’s debt and issuer ratings to negative from stable, and at the same time affirmed …
July 2, 2014
Something amazing has been said about dark pools: While money managers don’t always like what happens in the $23 trillion U.S. stock market, they’re too fond of dark pools to let them go extinct, according …
June 30, 2014
The OSC says it can’t enforce OBSI compensation recommendations: The Ontario Securities Commission (OSC) says that it does not have the authority to require dealers to comply with compensation recommendations from the Ombudsman for Banking …