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We are able to provide a wide variety of investment choices including mutual funds, ETFs, stocks, and bonds.

We are an independent investment service. The investment decisions we develop with you are not tied to any directive or incentive to promote specific products. We assist you to design a portfolio that aligns with your objectives.

Industry Updates

August 18, 2022 – IIROC Publishes Guidance Note on Naked Short-Selling

Short selling is when an investor borrows shares from a stock or other asset they believe will reduce in price before the shares have to be returned. The investor then sells the borrowed shares on the open market to other investors willing to pay the market price. When or if the share price of the stock decreases the investor then purchases the lower-cost shares and makes a profit. Naked shorting is illegal and happens when traders are not able reliably to show that shares of a stock can be purchased back after selling it short.

The Investment Industry Regulatory Organization of Canada (IIROC) published a guidance note that traders must have a “reasonable expectation” that they will have access to the securities required to settle their trades. If not, these trades are prohibited. IIROC further clarified what is meant by a “reasonable expectation” 

Read the full Guidance Note here.

IIROC takes aim at naked shorts | Investment Executive


July 15, 2022 – Green Bond Issued by OPG First of its Kind

A $300 million nuclear green bond was issued by Ontario Power Generation (OPG). Proceeds from the bond will finance Darlington Refurbishment. This 12.8 billion project is one of Canada’s largest clean energy projects. It will enable the production of clean, safe, low cost, and emission-free electricity from Darlington. 

Read the full press release here. 


July 14, 2022 – European Parliament labels some Natural Gas and Nuclear Energy as “Green”

If approved financial institutions will consider natural gas and nuclear energy as “environmentally friendly” transition fuel sources. This gives banks and other organizations evaluation tools when considering “environmentally friendly” initiatives for loans and other funding. It also provides investors with clarification on what energy sources are considered “climate friendly”.

The EU classifies 3 areas of “green” investments.

  1. Investments that substantially contribute to green goals (e.g. wind power and solar farms)
  2. Investments that enable other green activities (e.g. facilities that store renewable electricity (batteries) or hydrogen
  3. Transitional activities that are not fully sustainable, but have below industry average emissions (natural gas and nuclear power)

Read the full story here.


May 2, 2022 – FAX Capital Corp (TSX: FXC) is Going Private

Yesterday (May 2, 2022), FAX Capital Corp (TSX: FXC) announced they have entered into a purchase agreement with Federated Capital Corp (FCC). The agreement outlines that investors will receive $5.18 per Subordinate Voting Share as the company buys back public shares not owned by CEO Blair Driscoll. An Annual General Meeting is planned for June 2022 at which time a shareholder’s vote will take place. If all approvals go through, the transaction is expected to take place in the third quarter of 2022.  


May 2, 2022 – Loop Energy Awarded $9.75 Million from PacifiCan

Loop Energy announced yesterday (May 2, 2022) that they have been awarded $9.75 million CAD by the Government of Canada. Over the next 3 years, the funding will come through Pacific Economic Development Canada’s (PacifiCan) Jobs and Growth Fund. The money will be spent on increasing the manufacturing capacity of its hydrogen fuel cell stacks and modules. This move by PacifiCan is in keeping with the increased focus on environmental issues outlined in Budget 2022. Loop is reporting that demand for its hydrogen fuel cell technology is growing. You can read the full press release here.


April 11, 2022 – Horizons ETFs Launches Carbon Credits

Carbon credits are a program adopted by governments all over the world to force the reduction of carbon emissions. A carbon credit gives permission to high polluting industries to emit a certain amount of emissions. Over time, credits can be limited forcing polluters to reduce emissions and adapt to greener practices. Companies can buy and sell credits providing additional profits for companies emitting less pollution.

Horizons ETFs launched the first exchange-traded fund in Canada that provides exposure solely to carbon credits through the ownership of carbon credit futures. Visit Horizons ETFs for more information.


March 24, 2022 – Changes to CI Global Asset Management Mutual Funds

CI Global Asset Management (CI GAM) announced merger approval from security holders and is making the following changes:

Mutual Fund Mergers

ETF Mergers

Visit CI GAM for the full story


March 17, 2022 – Loop Energy Fuel Cells to Power Buildings for the First Time in Agreement with Innotest AG

The agreement provides the opportunity for Loop Energy’s eFlow™ technology to power buildings in Europe for the first time. Innotest has committed to purchase one Loop Energy S300 (30 kW) fuel cell system for integration into its Home Power Energy System. Read the press release


March 15, 2022 – Hydrogen-Electric Bus Utilizing Loop Energy’s Technology Launches in Europe

Loop Energy S300 Series hydrogen fuel cell system and an electric motor will power a new 8-meter hydrogen-electric minibus to be launched in Europe. “The launch is a successful example of Loop Energy’s go-to-market strategy to focus on hydrogen fuel cell adoption within commercial mobility.” Read the press release.


March 2 – 4, 2022 – MSCI, FTSE Russell, and S&P Dow Jones Remove Russia from Indices  

As a result of Russia’s invasion of Ukraine and the largest global sanctions in history that followed, MSCI, FTSE Russell, and S&P Dow Jones have determined Russia to be “uninvestable”. FTSE Russell and S&P DJI will remove Russian equities by open on March 7, 2022. MSCI Russia Indexes will be converted to “standalone markets” from “emerging markets” as at market close March 9, 2022.  

Bloomberg CanadaMSCI Press ReleaseS&P Dow Jones Press Release 


February 28, 2022 – Crocus Investors Get Final Resolution 

Deloitte, the bankruptcy trustee for the Crocus Fund, published a Notice to Shareholders on January 22, 2022, that recommended fourth and final distributions and discharge from the receivership. No objections were brought forward by the deadline of February 25, 2022, so final distributions are being made. Crocus investors can expect to receive written correspondence from Deloitte by the end of March 2022.  

Visit Deloitte for more information


February 4, 2022 – Changes to S&P/TSX Composite and S&P/TSX 60 Indicies Announced

The S&P Dow Jones Indices announced that Agnico Eagle Mines Ltd. (TSX: AEM) and Kirkland Lake Gold Ltd. (TSX:KL) are merging and combining the two companies under the name of Agnico Eagle Mines Ltd. The ticker symbol for Kirland Lake will be removed from the index. Shares of Kirkland Lake Gold will be exchanged for 0.7935 shares of Agnico Eagle and (TSX:KL) will be removed from both the S&P/TSX Composite and S&P/TSX 60 Indicies by Wednesday, February 9, 2022.

Hydro One Limited (TSX:H) will replace (TSX:KL) on the indices.

Source: S&P Dow Jones Indices Press Release


February 3, 2022 – Closure may be Coming for Crocus Investors

Deloitte Restructuring Inc. applied to the Court of Queens Bench on January 17, 2020, to discharge the receivership of the Crocus Investment Fund with a fourth and last payment to investors totaling approximately 5.2 million. This has been a 17 year-long process for the Manitoba-based fund that went into receivership in 2005 after the Manitoba Securities Commission raised concerns about its valuation. Deloitte published a notice to shareholders in the Winnipeg Free Press and the Globe and Mail on January 22, 2022.  If no objections are brought forth by February 25, 2022, the final distribution will proceed.

Visit Deliotte for more information.


January 19, 2022 – CSA Provides New Disclosure Guidance to Combat “Greenwashing”

The Canadian Securities Administers (CSA) is implementing new disclosure guidance for investment funds to combat misleading claims about Environmental, Social, and Governance (ESG) practices. “The guidance is based on existing regulatory requirements and addresses areas of disclosure, including investment objectives, fund names, investment strategies, risk disclosure, continuous disclosure, and sales communications.” Source: Canadian securities regulators publish guidance on ESG-related investment fund disclosure – Canadian Securities Administrators (


November 18, 2021 – New Self-Regulatory Organization on the Horizon

Canada has two self-regulatory organizations, the Mutual Fund Dealer Association (MFDA) oversees mutual fund dealers, and the Investment Industry Regulatory Organization of Canada (IIROC) oversees investment dealers and trading activities.

On August 3, 2021, the umbrella organization for all provincial and territorial regulators, the Canadian Securities Administration (CSA), announced the amalgamation of the two SRO’s and their respective Investor Protection Funds. On November 18, 2021, CSA shared the timeline for the expected approvals for the new SRO by the end of 2022.

Investors will not see any changes to their investments. The main impact is anticipated to be better efficiency in services and easier access to products.

Investment Regulatory Framework Canada

Source: Canadian securities regulators, SROs and investor protection funds establish timeline for new self-regulatory framework – Canadian Securities Administrators (


November 4, 2021 – Tax Treatment of Year-End Distributions from US-based Funds

Investors who hold a US-based mutual fund in a non-registered account must claim dividends on their Canadian tax return. Additional US withholding tax may also apply. A foreign tax credit may be available to offset the US tax.

U.S.-based funds set to pay out big year-end distributions: Morningstar | Investment Executive


November 3, 2021 – New KYC Requirements Assign a Trusted Contact Person (TCP)

As part of the regulatory framework to ensure financial advisors are keeping current information on clients, Know Your Client (KYC) forms must be updated regularly. A new provision to protect older and more vulnerable clients was introduced in July of 2021. Advisors must show reasonable effort in requiring a trusted person to be named for the advisor to notify should there be signs of diminished capacity. These changes will take effect in January 2022.

New KYC requirement protects vulnerable clients | Investment Executive


October 21, 2021 – CI Financial Continues to Grow

CI Financial Corp. announced the acquisition of Seattle-based McCutchen Group LLC, an investment advisory firm servicing ultra-high-net-worth clients to the tune of US$3.4 billion in assets. This transaction increases CI Financials’ US wealth management assets to US$83 billion.

CI Financial CI Financial to Acquire McCutchen Group, a $3.4-Billion Ultra-High-Net-Worth Wealth Manager Based in Seattle


June 24, 2021 – CI Announces Fund Name Changes to Product Lineup

CI Global Asset Management (CI GAM) is re-branding their in-house investment boutiques (including Cambridge, Sentry, and Signature) into a single investment team operating under the CI Global Asset Management name. CI GAM announced name changes on 156 investment funds, risk rating changes to four funds, and the intention to cease deferred, intermediate deferred, and low load sales charge options on all CI mutual funds as of June 1, 2022.

Visit CI GAM for more detail and a list of all the changes.


April 12, 2021 – iA Clarington Announces Fund Changes

iA Clarington is making changes to simplify its product lineup and position for future opportunities. Visit the full list with details here.

IA Clarington Advisor Q&A – Fund Changes 2021


October 26, 2020 – MSCI Announces New Climate Indexes

MSCI provides support tools and services to the global investment community including the development of indexes to measure investment performance. MSCI announced 8 new MSCI Climate Paris Aligned Indexes. These indexes serve to help investors align with green investments that seek to reduce global warming as outlined in the Paris agreement of 2015. For more information, visit Index announcements – MSCI.


October 18, 2020 – Brookfield Buys into American Equity

Brookfield Asset Management announced the purchase of 19.99% of American Equity Investment Life Holding Company (AEL). The transaction will be done in two phases and is expected to be finalized during the 1st half of 2021. AEL is a leading issuer of fixed index annuities through independent agents, banks, and broker-dealers. The press release states that “Brookfield’s reinsurance and annuity subsidiary, Brookfield Asset Management Partners, will reinsure up to $10 billion in annuity liabilities, including an initial $5 billion of existing liabilities and up to an incremental $5 billion of future business when written.” For more information, read the full press release.


October 15, 2020 – Invesco Announces Changes to Sub-Advisor and Investment Strategies

Invesco Canada announced changes to the following funds:

*Portfolio managers are part of Invesco Advisers Inc, which is an affiliate of Invesco Canada Ltd and the subadvisor of the funds.

Name Changes

Fund Terminations effective on or about December 21, 2020.

Effective on or about October 22, 2020, closed to new investors. Existing investors may continue to purchase securities until December 17, 2020

For more information read the full press release.


July 28, 2020 – Manulife Announces Changes to Mutual Funds

To streamline their mutual fund offerings, Manulife Investments made the following announcements:

  • A proposed fund merger of Manulife Floating Rate Income Fund into Manulife U.S. Unconstrained Bond Fund, effective on or about October 23, 2020.
  • Three fund terminations, effective on or about October 19, 2020: Manulife Canadian Dividend Growth Class, Manulife Growth Opportunities Class, and Manulife Short Term Yield Class. Proceeds of these funds will be distributed to security holders.
  • Closing the low‑load series of Manulife Private Investment Pools (MPIP), Series L and LT, and two mutual funds to new purchases, effective 4:00 p.m. ET on July 28, 2020.

Visit the Manulife Investment Management press release for the full list of changes.


July 10, 2020 – Ontario Sales Commission (OSC) Holds Out on Ban of Deferred Sales Charge (DSC)

Although the rest of Canada’s regulators are moving to ban the Deferred Sales Charge (DSC) investment fee structure, the Ontario Securities Commission (OSC) continues to hold out. The Ontario government has strongly suggested strict regulations. The OSC has proposed a series of restrictions to counter the negative aspects of DSC without eliminating it altogether. As published by Investment Executive, the OSC restrictions “include capping the length of redemption schedules, banning leverage and limiting the use of DSCs to investors under 60 with accounts smaller than $50,000.” Source


June 29, 2020 – iA Clarington Announces Changes to Actively Managed Funds

iA Clarington announced several portfolio manager changes, fund name changes, fund mergers, fund terminations, and a Guaranteed Investment Fund (GIF) name and portfolio manager change. Following are the name changes and mergers. Click here for the complete press release.

Fund name changes (effective June 29, 2020)

Previous name New name
IA Clarington Bond Fund IA Wealth Core Bond Pool*
IA Clarington Global Allocation Class IA Clarington Loomis Global Allocation Class
IA Clarington Global Allocation Fund IA Clarington Loomis Global Allocation Fund

Fund mergers

Terminating fund* Continuing fund New portfolio manager(s), effective June 29, 2020 Proposed merger date
IA Clarington Growth & Income Fund IA Clarington Strategic Income Fund Dan Bastasic, iA Clarington September 25, 2020
IA Clarington North American Opportunities Class IA Clarington Canadian Small Cap Fund Ian Cooke & Joe Jugovic, QV Investors Inc. November 27, 2020
IA Clarington Focused Canadian Equity Class IA Clarington Canadian Small Cap Fund Ian Cooke & Joe Jugovic, QV Investors Inc. November 27, 2020


June 22, 2020 – RBC Global Asset Management Inc. announces capping of Advisor Series as well as changes to Series H and I of certain BlueBay Funds

TORONTO, June 22, 2020 — RBC Global Asset Management Inc. (“RBC GAM Inc.”) today announced that effective June 26, 2020, Advisor Series and Advisor T5 Series units and mutual fund shares of RBC Funds, BlueBay Funds, PH&N Funds and RBC Corporate Class Funds, as applicable, will be capped. Purchases made through pre-authorized contribution plans established before June 26, 2020 will be permitted until August 4, 2020.

Additionally, all initial sales charge (“ISC”) and low-load (“LL”) sales charge options for Advisor Series and Advisor T5 Series units and mutual fund shares will be re-designated to the corresponding Series A or Series T5 units or mutual fund shares, as applicable, on August 4, 2020. Redemption fees will be waived on all LL options for Advisor Series and Advisor T5 Series units and mutual fund shares when they are re-designated to Series A or Series T5. Advisor Series and Advisor T5 Series units of the RBC Funds and BlueBay Funds with a deferred sales charge (“DSC”) option will remain capped and invested based on their existing redemption schedules. Source


November 12, 2019 – Fund Mergers and Name Changes Made by CI Investments

CI Investments announced the merger of 23 mutual funds effective on or after November 22, 2019. Seven additional mergers are pending approval and will take place on or after April 3, 2020. CI also renamed 19 of their funds.

Read the press release for detailed information.  


July 22, 2019 – Changes to Portfolio Management Announced by CI Investments

Effective July 31, 2019, Altrinsic Global Advisors will become a sub-advisor to Harbour Global Equity Fund, Harbour Global Equity Corporate Class and Sentry Global Monthly Income Fund. The Chief Investment Officer of Altrinsic, John Hock, will be the Lead Portfolio Manager.

In addition, Harbour Advisors Senior Portfolio Manager and Head of Research, Peter Hofstra, has been appointed Lead Portfolio Manager of the following funds managed by the Harbour team: CI Canadian Investment Fund, CI Canadian Investment Corporate Class, Harbour Fund, Harbour Corporate Class, Harbour Voyageur Corporate Class, and a portion of Select Canadian Equity Managed Fund and Select Canadian Equity Managed Corporate Class. Source 


July 1, 2019 – 3rd Party Contributions No Longer Allowed in TFSA Plans

Effective July 1, 2019 contributions by any party other than the owner of a TFSA plan will no longer be allowed due to the revised Federal Income Tax Act (146.2). Previously, spouses could gift TFSA contributions to one another. This is no longer being allowed without tax consequences. Monetary gifts can continue to be made between spouses and children as long as the owner of the TFSA is making the contribution. Source 


May 30, 2019 – Portfolio Manager and Fund Name Changes Announced at IA Clarington

Effective May 30, 2019, iA Clarington has made several changes to fund names and managers as follows:

[1] Series EF will be merged with series F around July 26, 2019. Fee rebates will be applied to match reduced series EF fees. Current series EF investors may continue to make purchases and contribute to systematic plans until the merger date.



March 5, 2019 – Bridgehouse Announces Upcoming Fund Mergers

Bridgehouse proposes fund mergers to happen on or before May 3, 2019 as follows:

Fund mergers to occur on or about August 23, 2019 as follows:

Effective April 12, 2019, management fees for Series A and Series F of the Sionna Canadian Balanced Fund will be reduced by 0.1% and the distribution policy will be changed to monthly, effective May 15, 2019. The investment strategies will be enhanced to include dividend-paying companies. To reflect this change the fund will be renamed to Sionna Strategic Income Fund.



March 4, 2019 – Dynamic Funds Announces Changes to Core Fixed Income Team

In addition to welcoming two new portfolio managers – Derek Amery and Rose Devli, Dynamic announced Michael McHugh will be retiring in 2019. 

Dynamic’s Core Fixed Income Team is led by 10 portfolio managers who manager over $40 Billion in assets. 



February 22, 2019 – Canoe Financial Closes Deal to Purchase Funds from Fiera Capital

This acquisition adds over $800 million in assets to Canoe expanding their global investments. The Fiera management team will continue to manage the Canoe (Fiera) Defensive Global Equity, Canoe (Fiera) Global Equity and Canoe (Fiera) International Equity offerings.

Canoe indicated that they will be merging the remaining Fiera funds into a corresponding Canoe fund and consolidating several existing Canoe funds in an effort to reduce duplication, streamline their offering  and reduce management expenses. 



February 11, 2019 – Solium Capital Set to be Purchased by Morgan Stanley for $1.1 Billion

Subject to the approval of 2/3 of shareholders and regulatory approvals, US bank Morgan Stanley is expected to purchase Calgary-based Solium Capital in the second quarter of 2019. Solium Capital helps companies manage their employee stock plans. Morgan Stanley will pay 1.1 billion ($19.15 per share) Source:


October 3, 2018 – CRA Announces Delay on Changes to Registered Fee Position

CRA stated it would postpone taxing investment management fees on registered accounts paid from open accounts “indefinitely”. This announcement reverses their intention in 2016 to implement a tax equivalent to the fee if paid outside of the registered plan. Initially, CRA was to implement the tax by January 2018 and then postponed’ to January 2019. This latest announcement is good news for the industry and investors.



July 30, 2018 – CI Announces Management Fee Reductions on 33 Funds and Lower Minimums to Qualify for Preferred Pricing

Effective August 1, 2018, reductions of five to 55 basis points to management fees for Class A, F and P securities and certain Preferred Pricing tiers of selected funds, and for Series A, B and F securities of selected Sentry-branded funds will be implemented.

CI Canadian Investment Corporate Class
CI Canadian Investment Fund
CI Global Health Sciences Corporate Class
Lawrence Park Strategic Income Fund
Marret High Yield Bond Fund
Marret Short Duration High Yield Fund
Select Income Managed Corporate Class
Sentry Energy Fund
Sentry Global Infrastructure Fund
Sentry Global REIT Class
Sentry Global REIT Fund
Sentry Precious Metals Class
Sentry Precious Metals Fund
Sentry Resource Opportunities Class
Signature Canadian Bond Corporate Class
Signature Canadian Bond Fund
Signature Corporate Bond Corporate Class
Signature Corporate Bond Fund
Signature Emerging Markets Corporate Class
Signature Emerging Markets Fund
Signature Global Bond Corporate Class
Signature Global Bond Fund
Signature Global Energy Corporate Class
Signature Global Resource Corporate Class
Signature Global Resource Fund
Signature Global Technology Corporate Class*
Signature Gold Corporate Class
Signature High Yield Bond Corporate Class
Signature High Yield Bond II Fund
Signature Preferred Share Pool
Signature Real Estate Pool
Signature Short-Term Bond Fund
Signature Tactical Bond Pool

*Formerly Signature Global Science & Technology Corporate Class.

Effective October 1, 2018 automatic reductions to qualify for CI Preferred Pricing include:

  • Reduction per account on minimum investment from $150,000 to $100,000.
  • Minimum Family Group pricing reduced from $250,000 to $100,000.

July 27, 2018 – Invesco Canada Announces Changes to Fund Names and Risk Classifications

Effective at close of business day today, name changes to Invesco’s mutual funds and institutional pooled funds to be made. All but 5 funds will keep the existing investment objectives, strategies and portfolio management teams. All “Trimark” funds will be renamed “Invesco” to consolidate the global brand.

Risk rating changes were also made in accordance with the Canadian Securities Administrators (CSA) risk classification methodology.

July 17, 2018 – Invesco Announces Changes to Fund Objectives

Unitholders approved investment objectives change to Invesco Advantage Bond (to be renamed Invesco Multi-Sector Credit Fund). Invesco said in a news release “The multi-sector approach will provide for increased diversification across four broad asset classes: global investment-grade credit; global high-yield credit; emerging-markets debt; and bank loans.”

The investment objectives of 4 PowerShares funds will also change to allow the porftolio management team to invest in an Invesco ETF. The funds effected are: PowerShares 1-5 Year Laddered Corporate Bond Index Fund; PowerShares Canadian Dividend Index Class; PowerShares Canadian Preferred Share Index Class; and PowerShares FTSE RAFI Canadian Fundamental Index Class.

May 11, 2018 – EdgePoint Announces Increase in Initial Investment Minimum

Effective June 1, 2018 EdgePoint will raise the minimum initial investment to $20,000 from $15,000. This will not affect current accounts. This is the first increase in the required minimum investment since EdgePoint launched in  2008.

April 27, 2018 Mackenzie Announces Fee Reductions and Fund Mergers

Effective June 1, 2018 Mackenzie Investments will reduce fees on most of their F-class and Private Wealth series funds. The household minimum investment to be eligible for the Private Wealth series will be reduced to $100,000 from $250,000. On June 8, 2018 all qualified investors will automatically be enrolled in Mackenzie Private Wealth Solutions.

Mackenzie is also proposing mergers of 13 mutual funds. Investors will be receiving more information by mail notifying of approved mergers or Notice of Special Meeting(s) on those funds that require a vote on the merger(s).

March 9, 2018 – AGF Announces Management Fee Reductions and Risk Rating Changes 

Effective April 1, 2018, management fees will be reduced on the MF, F and high-net-worth series on the following funds:

  • AGF Emerging Markets Fund
  • AGF Emerging Markets Class
  • AGF Fixed Income Plus Fund
  • AGF Fixed Income Plus Class

To comply with Canadian Securities Administrators Mutual Fund Risk Classification Methodology, the risk rating on 11 AGF funds will be changing. No other material changes will be made to the investment objectives, strategies or management of the Funds.

March 9, 2018 – iA Clarington Apologizes for Distribution Error on Tactical Income Fund

iA Clarington Tactical Income Fund paid a capital gain distribution in error on December 28, 2017. Investors in this Fund will be receiving an amended tax slip. Those investors who have not yet filed their taxes should do so using the amended T3 provided by iA Clarington.

Investors who have already filed their taxes for the 2017 tax year may amend them using the T1-ADJ form and the amended T3. If there are any refiling costs associated with this error, iA Clarington is inviting investors to send a request for reimbursement.

February 26, 2018 – Brandes Announces Retirement of Founder & Chairman, Charles Brandes

At age 75, Charles Brandes has decided to retire. In his letter to staff he stated “As I step away, I do so knowing that the firm is in excellent hands. I have great confidence in the leadership and the entire team at the firm.”

Over the last 40 years, Brandes Investment Partners LP has grown to manage over 39.1B Canadian. Brandes remains one of the few pure value investment managers.

February 12, 2018 – Sun Life Global Investments Announces Reduced Fees on Select Excel Funds

Beginning February 28, 2018, Sun Life Global will be reducing fees by as much as 45 basis points on the following funds:

  • Excel India Fund (45 basis points on Series A and F)
  • Excel New India Leaders Fund (45 basis points on Series A and F)
  • Excel High Income Fund (20 basis on Series A and 5 basis points on Series F)

December 21, 2017 – BMO Announces Elimination of Deferred Sales Charge (DSC) Purchase Option

Effective May 4, 2018 BMO Global Asset Management will discontinue the DSC purchase option. All DSC purchases will automatically be switched to Front End Load (FEL). Investors who had DSC holdings prior to May 4, 2018 at 4:00 pm EST will be permitted to remain invested with the DSC option until no further redemption penalties apply.

December 4, 2017 – iA Financial Announces Expansion of Segregated Fund Lineup

Industrial Alliance Insurance and Financial Services Inc. launched four new global funds and a family of five global index portfolios to broaden their lineup of segregated funds.

iA Financial Group announced (on December 4, 2017) the introduction of two new segregated funds in partnership with its Kelowna, B.C.-based subsidiary Forstrong Global Asset Management Inc., as well as two new segregated funds in partnership with Toronto-based Fidelity Investments Canada ULC.

  • Global Diversified Fixed Income Fund and Global Diversified Equity Fund (Forstrong)
  • Fidelity Global Monthly Income Fund and Fidelity Global Concentrated Equity Fund
  • The global index portfolios include: Indexia Prudent, Indexia Moderate, Indexia Balanced, Indexia Growth and Indexia Aggressive

October 2, 2017 – iA Clarington and PineBridge Investments Form Partnership

iA Clarington Investments Inc. announced a sub-advisory relationship with global asset manager PineBridge Investments LLC. PineBridge manages over US$85 billion in assets under administration and provides active income offerings adding to iA Clarington’s income producing mutual fund selections.

The three new funds are:

  • iA Clarington Emerging Markets Bond Fund
  • iA Clarington Global Bond Fund
  • iA Clarington Global Yield Opportunities Fund

September 28, 2017 – Distribution Frequency Changes on iA Clarington Funds

A Clarington announced that 5 of their funds will change from annual to monthly distribution frequency to better meet the needs of clients drawing income from their portfolios. The five funds are:

  • iA Clarington Strategic Income Fund
  • iA Clarington Strategic U.S Growth & Income Fund
  • iA Clarington Tactical Income Fund
  • iA Clarington Global Growth & Income Fund
  • iA Clarington Global Tactical Income Fund

The first monthly distribution will occur on September 29, 2017.

September 26, 2017 – Sprott Asset Management Becomes Ninepoint Partners LP

Effective September 26, 2017, the former management team of Sprott Asset Management LP launch the new brand Ninepoint Partners LP. The rebranding completes the transition initiated with the management-led buyout of the diversified asset business from Sprott Inc. on August 1, 2017.

September 25, 2017 – iA Clarington MER Changes

Effective September 25, 2017, iA Clarington revised their management expenses (MER) to bring them in line with current industry costs. This resulted in fee reductions for some of their investment funds (notably Inhance SRI portfolios) as well as increases for others.

iA also announced enhancements for their elite pricing program for higher net worth investors. Investors with $2.5 million in a single account will now receive a 12.5 basis point (0.125%) rebate on every dollar invested; at $5 million, the rebate is 15 basis points (0.15%).

September 11, 2017 – Purpose Investments to Purchase Mutual Funds Owned by LOGIQ Asset Management

On September 11, 2017 LOGIQ Asset Management Inc. and Purpose Investments Inc. announced the had entered into a Purchase and Sale Agreement. Purpose will be acquiring $32.9 million of LOGIQ’s retail asset management contracts adjusted based on AUM (assets under administration) at the time of acquisition. The transaction is expected to be completed by the end of December pending all conditions are met.

September 7, 2017 – Excel Funds Management to be Acquired by Sun Life

On September 7, 2017 Sun Life Global Investments (Canada) Inc. and Excel Funds Management Inc. announced the agreement for Sun Life to purchase all outstanding shares of both Excel Funds Management Inc. and Excel Investment Counsel Inc. (collectively, “Excel Funds”). Prior to this, Sun Life’s ownership stake was 49%.

Excel Funds specializes in emerging market funds with approximately $700 million in assets under management.

September 6, 2017 – Bitcoin Investment Manager First Block Capital Granted Registration by B.C. Securities Commission (BCSC)

On September 6, 2017 it was announced that First Block Capital Inc. is the first cryptocurrency investment fund manager to be registered by BCSC. The registration allows First Block to operate a bitcoin investment fund that will be regulated by BCSC. The conditions of the registration allow for some flexibility to allow First Block to operate under regulation while providing tools for the British Columbia Securities Commission to evaluate risks for the innovative fund type.

August 10, 2017 – CI Financial Corp (CI) to Acquire Sentry Investments Corp.

On August 10, 2017, CI and Sentry announced the agreement for CI to acquire all outstanding shares of Sentry.

Sentry stated in their press release that “under the agreement, CI will acquire all of the outstanding shares of Sentry and its subsidiary Sentry Investments Inc., for a total of $780 million payable in $230 million in cash and the balance in CI shares. The transaction is expected to close on or about September 29, 2017, subject to regulatory approvals.”

May 12, 2017 – Name Change for Most of the Aston Hill and Front Street Funds to LOGIQ

As a result of the combination of Aston Hill Financial Inc. (now LOGIQ Asset Management Inc.) and Front Street Capital 2004 (now LOGIQ Capital 2016) to create LOGIQ Asset Management Inc., the “Front Street” group of funds will be changed to reference the LOGIQ name.

If you owned Front Street Energy Growth Fund (Labour Sponsored Fund) or any of their other regular mutual funds, the name will reflect this change of ownership.

April 27, 2017 Invesco to Buy European ETF Provider Source

Invesco will expand its Exchange Traded Fund (ETF) offerings by acquiring Source from private equity firm Warburg Pincus and a group of banks. The transaction includes assets under administration (AUM) with Source of $18 billion (US) and $7 billion (US) of externally managed AUM.

March 28, 2017 – Mackenzie Announces Preferred Pricing Service

Mackenzie has implemented automatic pricing enrollment for preferred pricing in their Private Wealth Series when investors reach qualifying dollar amounts as follows:

  • Initial investment of $100,000 per fund, per account,
  • Fund minimum waived at $250,000 household assets (investors living at the same address)

Funds must be Series PW, PWX, PWF or PWFB.

March 7, 2017 – Sentry Announces Two New Senior Portfolio Managers

Sentry Investments welcomed Lieh Wang, Vice-President and Senior Portfolio Manager to strengthen the firm’s North American equity capabilities and Paul Johnson, Vice-President and Senior Portfolio Manger, to head up the global equity team.

Sentry has been making a number of shifts in their team to strengthen their capabilities and breadth of knowledge. Click here for the full press release.

December 5, 2016 – Industrial Alliance Enters into Agreement to Acquire HollisWealth from Scotiabank

Industrial Alliance Insurance and Financial Services Inc. (“Industrial Alliance” or “iA Financial Group”) (TSX: IAG) and The Bank of Nova Scotia (“Scotiabank”) (TSX: BNS, NYSE: BNS) today announced that they have reached an agreement for Industrial Alliance to acquire HollisWealth, a leading Canadian financial network, from Scotiabank. Subject to regulatory approvals the acquisition is expected close in the third calendar quarter of 2017.

Industrial Alliance has completed 25 acquisitions in wealth management since the year 2000 and today has assets under administration (AUA) of more than $40 billion. With the addition of HollisWealth, combined AUA will be $75 billion.

October 17, 2016 – Mackenzie Financial Corp. Adds 4 Corporate Class Mutual Funds

Although government changes to the tax treatment of Corporate Class mutual funds have reduced their benefit, they still provide some tax benefit. Read the Fraser & Partners blog on Corporate Class mutual funds for more information.

Mackenzie has added four new corporate class funds as follows:

  • Mackenzie Canadian Growth Class
  • Mackenzie Canadian Growth Balanced Class
  • Mackenzie Ivy Canadian Balanced Class
  • Mackenzie Ivy Global Balanced Class

September 2016 – Mackenzie Investments introduces TOBAM’s Maximum Diversification® approach

Mackenzie Financial has entered into an exclusive agreement with a European institutional manager, TOBAM Core Investments, to bring to Canada their patented Maximum Diversification® methodology. This is an investment approach totally driven by quantitative analysis. The objective is to outperform the benchmarks with less risk by increasing diversification. TOBAM founder, Yves Choueifaty, describes their approach as truly neutral, correcting for biases in cap-weighted indexes.

August 22, 2016 – BMO prepares for merging of funds

For investors who hold BMO funds, information will be sent out the week of August 22nd on plans to merge funds pending a vote on or around September 19. The purpose of the merge is to streamline and simplify the product line.

Terminating Fund Continuing Fund Effective Date
BMO Canadian Low Volatility ETF Class BMO Global Low Volatility ETF Class September 23, 2016
BMO Enhanced Equity Income Fund BMO Dividend Fund September 23, 2016
BMO Canadian Diversified Monthly Income Fund BMO Diversified Income Portfolio October 14, 2016
BMO Global Monthly Income Fund BMO Global Diversified Fund September 23, 2016

August 19, 2016 – Mackenzie Investments announces changes to portfolio managers

David Arpin, Vice-President and Portfolio Manager (22 years of investment experience) and Dina DeGeer, Senior Vice President and Portfolio Manager (29 years of investment experience), have assumed portfolio management responsibilities for Mackenzie Global Growth Class and Mackenzie US Growth Class. They continue ongoing management of Mackenzie Canadian Growth Fund and Mackenzie Canadian Growth Balanced Fund. As a result of these changes, Ashley Misquitta, Vice-President, will be leaving the firm effective August 19, 2016. In addition, Arpin and DeGeer have assumed management of a portion of Mackenzie Emerging Markets Opportunities Class.

David Arpin and Dina DeGeer follow a conservative growth investing style with a focus on high-quality growth companies that generate a growing stream of free cash flow over time. Emphasis is placed on paying less than the estimated fair market value for companies, using a discounted cash flow method.

August 15, 2016 – Sentry Investments appoints Gaelen Morphet as Chief Investment Officer

Sentry announced that Gaelen Morphet will be replacing Sandy McIntyre as Chief Investment Office. Sandy will remain with Sentry as Vice-Chairman of the Board. Gaelen has been in the investment industry for 32 years. Most recently she was the Senior Vice-President and Cheif Investment Officer at a major Canadian Insurance company.

August 11, 2016 – Changes at Bridgehouse

In conjunction with management fee reductions, Bridgehouse asset managers announced re-designation of some of their funds to consolidate their offerings. The transactions will be made at the beginning of September and will eliminate Series AN and FN for specified funds.

Bridgehouse entered into a new collaboration with Morningstar Associates Inc., a unit of Morningstar Investment Management Group. This brings the number of managers on the Bridgehouse Independent Platform to five:  Morningstar Associates Inc., Lazard Asset Management (Canada), Inc., Greystone Managed Investments Inc., Sionna Investment Managers Inc. and Brandes Investment Partners, L.P. Their goal is to take advantage of Morningstar’s proprietary research and investment expertise to provide core investment solutions.

July 27, 2016 – Golden Opportunities Fund highlights the success of Solido Design Automation Inc.

Labour-sponsored investment fund, Global Opportunities, announced that one of the companies held in both their Diversified Class A-share Portfolio and Innovation Class i-share Portfolio will double in size over the next two years. According to the news release, Saskatoon-based Solido Design Automation will grow from 50 to 100 employees and expand from 5,500-square-feet of office space to a new 13,000-square-foot-office. Click here to read the full story.

April 4, 2016 – Sentry to simplify the series offered within their mutual fund line-up

Sentry Investments has extended their preferred pricing to include investments in their series A funds as well as P and PF. The P and PF versions will no longer be necessary.

These changes will not result in a taxable event and no action is required by investors. There will be no impact on the management of the funds.

April 1, 2016 – CI announces portfolio management changes at Harbour and Signature

The co-manager of Signature High Income Fund, Signature High Income Corporate Class, Signature Diversified Yield Fund, Signature Diversified Yield Corporate Class and Signature Diversified Yield II Fund, Ryan Fitzgerald, has been reassigned as lead portfolio manager of Harbour Fund, Harbour Corporate Class, Harbour Global Equity Corporate Class and Harbour Voyageur Corporate Class effective April 1, 2016 – all funds are within the CI family of funds.

March, 2016 – CI Investments makes special payments to investors in selected funds

Due to administrative error, CI Investments is sending out cheques to former and current investors in selected funds. Interest income earned by the funds was not recorded as an asset of the funds. CI will be distributing to investors an amount equal to the accumulated interest income. Investors who are entitled to a refund will be notified by mail and payments will begin arriving in March.

December 14, 2015 – Sentry launches 8% fixed-rate series and makes name changes to 15 funds (11 mandates)

For those seeking a higher fixed distribution amount, Sentry has launched a new 8% fixed-rate fund series (T8 or FT8) for Sentry Growth and Income Fund, and Sentry REIT Fund/Class.

Although the following funds have had name changes, there has been no change to objective, strategies or the way in which they are managed.

Sentry fund name changes - Dec 14_2016

December 4, 2015 – Supreme Court of Canada affirms shareholders’ rights

In a case between CIBC v. Green the Shareholder Association for Research & Education (SHARE) intervened. The issue revolved around the rights of investors to pursue legal action for misrepresentation in spite of procedural difficulties related to a 3 year time limit. CIBC argued that investors could not proceed because of the time limit. SHARE successfully argued that shareholders must not be prevented from advancing their claims because of procedural difficulties.

November 25, 2015 – Morningstar introduces new Stewardship Award

This is the first year that Morningstar has given the Stewardship Award. Invesco and Mawer were in the running, but EdgePoint Wealth Management received the honour. This award is based on the alignment of the fund company’s interests with that of the investors – in terms of culture, compensation and co-investment practices, fees and regulatory history.

November 25, 2015 – Invesco Canada announces name change for PowerShares Diversified Yield Fund

Effective November 26, 2015, the name of the Fund changed to PowerShares Monthly Income Fund, in an effort to better reflect their emphasis on monthly income distribution. The investment objective continues to be high income and long term capital growth for investors.

November 19, 2015 – Golden Opportunities continues to keep companies in Saskatchewan

Golden Opportunities is a Saskatchewan based labour-sponsored venture capital fund. They continue to implement their strategy of management buy-outs of successful small to medium sized companies seeking succession planning. Their most recent is an investment in DynaVenture, one of Saskatchewan’s Top 100 companies. If you are interested in the details you can visit the press release here.

November 4, 2015 – Annual Lipper Fund Awards

Thomson Reuters annually recognizes the world’s top performers in the investment industry through the annual Lipper Fund Awards for Excellence. The awards honour funds and fund management firms that have excelled in consistently strong risk-adjusted performance, relative to their peers. In Canada in 2015 the list of award winners included some well known names as well as a few newcomers. Fidelity was recognized as the best overall group in Canada this year.

August 19, 2015 – Manulife Investments caps Manulife Monthly High Income Fund

As of Friday, August 28, 2015 new purchases, supplementary deposits and new pre-authorized chequing (PAC) plans for mutual fund and segregated fund contracts will not be accepted for the following funds:

  • Manulife Monthly High Income Fund
  • Manulife Monthly High Income Class
  • Manulife Canadian Balanced Private Pool

Manulife explains that capping these 3 funds that have grown to $11 billion, allows the management team to continue applying their proven approach.

July 6, 2015 – Change at Sentry Investments

On July 6, 2015 Sentry Investments ended their relationship with Dennis Mitchell who had been Chief Investment Officer (CIO) for Sentry since 2012. Sandy McIntyre who mentored Dennis has stepped back into the role of CIO and heads up Sentry’s Global Equity Team.

February 13, 2015 – New managers for IA Clarington Tactical and Global Tactical Income Funds

On February 13, 2015, IA Clarington announced the intended appointment of three portfolio managers.

  • Dan Bastasic, currently managing Strategic Income Fund, will accept responsibility for the IA Clarington Tactical Income Fund.
  • Boston based asset management firm Loomis, Sayles & Company, L.P.will be taking over responsibility for the IA Clarington Global Tactical Income Fund.
  • Jeff Sujitno, currently managing IA Clarington Floating Rate Income Fund, will become the manager of the IA Clarington Tactical Bond Fund.

The investment strategies will be redefined to align with the new portfolio managers approaches.

February 2, 2015 – Standard Life Canada officially owned by Manulife

Effective January 30, 2015 the Canadian operations of Standard Life plc joined Manulife. The harmonizing of insurance and investment products will be completed gradually.

January 19, 2015 – Proposed mergers for three Franklin Templeton Funds

Investors will be asked to vote on the proposed merger of three Templeton Funds into the following:

  • Templeton Canadian Stock Fund into Franklin Bissett Canadian Equity Fund
  • Templeton Canadian Stock Corporate Class into Franklin Bissett Canadian Equity Corporate Class
  • Templeton Canadian Balanced Fund into Franklin Bissett Canadian Balanced Fund

December 12, 2014 – New Managers appointed to CI Canadian Small/Mid Cap Fund

CI is expanding the management of the CI Canadian Small/Mid Cap Fund to include three teams. Effective January 9, 2005, Picton Mahoney Asset Management will be joined by two experienced small cap equity managers – Joe Jugovic and Ian Cooke of QV Investors Inc. and Ted Whitehead of Manulife Asset Management. This brings diverse investment styles to this small/mid cap fund.

December 3, 2014 – Ranking Companies on Human Rights Performance

On December 3, 2014, at the 3rd Annual UN Forum on Business and Human Rights in Geneva, a group of investors, an NGO, a think tank and an investor research agency announced the launch of the first wide-scale project to rank companies on their human rights performance. A total of 500 of the top global companies from four key sectors – Agriculture, Information and Communication Technologies, Apparel, and Extractives – will initially be researched and ranked.

The development of a transparent, publicly available and credible benchmark, the Corporate Human Rights Benchmark (CHRB), will harness the competitive nature of the markets to drive better human rights performance. More information on this development can be found at

November 20, 2014 – Fidelity Announces New Event Driven Opportunities Fund

This new fund launched November 20, 2014, invests in companies that are involved in corporate actions including: index deletions, index additions, 13D filings, mergers, acquisitions, declaring bankruptcy, emerging from bankruptcy, liquidations, form 4 filings, management changes, corporate restructuring, new management, dividend increases, dividend reductions and share buybacks. The fund explores a wide variety of events to discover opportunities for making above average returns.

November 3, 2014 – Launch of IA Clarington Elite Program

The IA Clarington Elite Program was launched on Monday November 3, 2014. The program offers fee discounts to high net worth investors starting at $100,000 per account. This follows announcements from numerous investment firms regarding pricing programs.

October 8, 2014 – Trimark Canadian Small Companies Fund closed to new investors

Invesco Canada announced that the Trimark Canadian Small Companies Fund closed to new investors as of October 8, 2014. Existing investors can maintain their holdings in the fund and continue to contribute, but no new accounts will the set up.

September 23, 2014 – Sentry Launches Personal Pension Portfolios

Sentry Investments announced the launch of 4 Sentry Personal Pension Portfolios, designed to correspond to different investors needs. These portfolios are being managed in the same way that a large pension plan, such as the Canada Pension Plan, is managed. Assets include a 25% allocation to real assets. For more information refer to the press release.

September 3, 2014 – Standard Life PLC

Standard Life Investments Inc. announced the sale of its Canadian business operations to Manulife. The transaction is expected to close in the first quarter of 2015. Standard Life has been operating in Canada more than 180 years. This is indicative of significant changes in the financial services sector globally. This is no cause for concern for investors who own Standard Life products.

September 4, 2014 – Proposed Acquisition of Frank Russell Company  (Russell) by the London Stock Exchange Group (LSEG)

Subject to shareholder and regulatory approvals, the ownership of Russell Investments Canada Limited will be taken over by the LSEG. Russell Investments is known for investment research and highly regarded indices used to benchmark investment performance. It is expected that this will strengthen the Russell brand with a parent company out of the UK.

August 13, 2014 – IA Clarington expands role of QV Investors

IA Clarington recently appointed Calgary based QV Investors Inc. as portfolio sub-advisor of the IA Clarington Global Equity Fund (formerly IA Clarington Global Dividend Fund). This fund is available for purchase in both Canadian and US dollar versions, for use in regular and fee-based accounts, with a choice of tax efficient payout options.

Industry recognized QV Investors takes a disciplined approach in seeking above average risk-adjusted returns from a focused portfolio of 25-40 mid and large-cap companies operating in developed countries around the world.

August 1, 2014 – Re-opening of redemptions from Front Street Energy Growth Fund

As of August 1, 2014 shareholders of the labour-sponsored fund, Front Street Energy Growth Fund Inc. were able to redeem their shares. The remaining portfolio assets have been liquidated. A special meeting of shareholders will be held on September 30, 2014 to vote on the wind-up and dissolution of the venture capital fund. Shareholders who have held their shares for less than 8 years will need to wait until after the meeting on September 30th to redeem their shares in order not to be subject to the clawback of the tax credit. When the Federal government announced their intention to phase out the LSVCC Tax Credit, redemptions from the energy growth fund were suspended.

June 13, 2014 – ‘Fund Facts’ are here…

As of June 13, 2014 if you invested in a mutual fund that you didn’t already own, then you will have noticed that the large and bulky prospectus has been replaced by ‘Fund Facts’. These documents have been specifically designed to give investors key information about a mutual fund, in plain language and in a timely manner. You will find them on the websites of the investment firms.

June 13, 2014 – Sentry joins the ranks of investment firms that have recently announced changes in the cost of their management services.

Investors with a minimum $100,000 can take advantage of enhanced preferred pricing across all Sentry funds, which includes tiered-management-fee discounts. Fee reductions are available at $100,000, $250,000, $500,000, $1,000,000 and beyond.  Sentry has also enhanced its corporate class with the addition of Sentry Small/Mid Cap Income Class to strengthen the corporate class line-up and provide more choice. The final enhancement provides customizable distributions where investors can elect to reinvest a portion of distributions and have the remainder paid in cash.

May 14, 2014 – Bridgehouse launches new fund and preferred pricing under their Private Client program.

The newest member of the Bridgehouse funds is the Sionna Opportunities Fund.  This fund provides exposure to Sionna’s 20 to 30 best ideas from across Canada.

Bridgehouse also announced the introduction of an exclusive pricing structure. Eligibility for Bridgehouse Private Client is based on a minimum investment on a per-fund basis of $100,000 or a minimum of $250,000 or more per household invested across any Bridgehouse Funds. Clients with accounts greater than $500,000 and $1,000,000 benefit from additional management fee reductions.

March 31, 2014 – Change in Schedule for CI Corporate Class Dividend Payout

In 2013 any dividends payable on a corporate class investment were paid out on October 4. To make it easier for clients and their advisors to plan for taxable investment income, CI changed the dividend payment schedule from October to March. In 2014 many of the corporate class funds were in a position of needing to payout dividends which they did in March. Investors with CI Corporate Class funds will see the transaction posted on their account.

March 19, 2014 – Front Street Performance Fee Refund

Front Street has recently refunded a portion of performance fees that were miscalculated. In November 2008 when Front Street amalgamated two of their corporate class fund families, it changed the basis upon which performance fees were calculated. This refund arises due to a revision in the method for calculation of the fee.

Hedge funds and some mutual funds use this compensation structure. There are pros and cons but one advantage is that the portfolio manager’s compensation is directly linked to outperformance.

December 30, 2013 – Phase-out of LSVCC Tax Credit

Last year in the 2013 budget the Federal Government announced their intention to phase out the Labour Sponsored Venture Capital Corporation (LSVCC) Tax Credit. This creates uncertainty for investors in LSIFs such as Golden Opportunities and Front Street Energy Growth Funds. Golden Opportunities is continuing to accept investments and the tax credit is applicable to contributions made at this time. Front Street Energy Growth has taken a different approach. They have suspended redemptions from the energy growth fund due to the illiquid nature of the private companies in the portfolio. They are evaluating the options.

Link to the Government disclosure here:

November 25, 2013 – Social Investment Organization (SIO) Renamed

Socially Responsible Investing (SRI) has new leadership and renewed enthusiasm with Deb Abbey as Executive Director of SIO now renamed as the Responsible Investment Association (RIA). For more information

November 20, 2013 – AGF’s Social Values Funds

AGF is planning to roll up the Social Values family of funds. The Clean Environment fund will continue, focussed on 4 key themes – energy and power technologies, water and waste water solutions, waste management and pollution control, and environment health and safety. The portfolio manager remains as Martin Grosskopf.

November 12, 2013 – AGF Manager Changes

Effective November 12, 2013 the following funds are no longer managed by Acuity Investment Management Inc. AGF Investments is assuming responsibility for these portfolios, which will be merged into ongoing AGF funds in May, 2014 pending all required approvals.

  • AGF High Income Fund to be merged into AGF Monthly High Income Fund
  • AGF High Income Class to be merged into AGF Diversified Income Class
  • AGF Conservative Asset Allocation Fund to be merged into AGF Canadian Asset Allocation Fund
  • AGF All Cap 30 Canadian Equity Fund to be merged into AGF Canadian Stock Fund
  • AGF Social Values Equity Fund to be merged into AGF Global Equity Fund
  • AGF Social Values Balanced Fund to be merged into AGF Traditional Income Fund

Highstreet Asset Management has been named the manager of AGF Small Cap Discovery Fund.

November 1, 2013 – Dundee Investment Savings Account Name Change

As of November 1, 2013, Dundee Bank of Canada, owned by Scotiabank, changed its name to “Hollis Canadian Bank”. The name reflects some history regarding the bank’s head office building located at 188 Hollis Street in Halifax, Nova Scotia. This historic building was constructed in 1837.

As part of the name change to Hollis Canadian Bank, several associated products issued by the bank will also be renamed:

  • Dundee Investment Savings Account (DYN 500 & 550) renamed to Hollis Investment Savings Account
  • Dundee US$ Investment Savings Account (DYN 400 & 450) renamed to Hollis US$ Investment Savings Account
  • Dundee Corporate Investment Savings Account (DYN 575) renamed to Hollis Corporate Investment Savings Account

October 24, 2013 – Floating Rate Income Funds

To help protect against the negative impact of rising interest rates a number of investment firms have launched new “floating rate” income funds. These funds invest in short term floating rate loans. In our list of recommended investments we have already been referring to Trimark Floating Rate Income Fund.

October 2013 – Desjardins

Desjardins introduced a new product that combines life insurance and long-term care insurance. “LTC Advance is the first product in Canada to combine the benefits of traditional long-term care coverage with life insurance.”

September 1, 2013 – AGF

AGF Trust has amalgamated with B2B Bank effective September 1, 2013. If you have an RRSP or Investment Loan originally with AGF Trust your statements will now be coming from B2B Bank and also a new loan number has been assigned.

August 26, 2013 – AGF

AGF terminating six funds November 1, 2013 as indicated below. Effective August 26th these funds will no longer be available for purchase.

  • AGF Dollar Cost Averaging Fund
  • AGF Global Real Estate Equity Fund
  • AGF Global Real Estate Equity Class
  • Acuity Pooled Growth and Income Fund
  • Acuity Pooled Social Values Canadian Equity Fund
  • Acuity Pooled EAFE Equity Fund

August 2, 2013 – Manulife

Manulife launched four new mutual funds August 2, 2013. The four new funds are:

  • Manulife Global Balanced Fund
  • Manulife US Dollar Floating Rate Income Fund
  • Manulife Canadian Conservative Balanced Fund
  • Manulife Preferred Income Class

July 30, 2013 – CI Investments

CI Investments completed the merger of two funds and fund name changes effective July 30, 2013. The funds are as follows:

[table]Terminating Fund,Continuing Fund Cambridge Canadian Stock Fund,Cambridge Canadian Equity Corporate Class CI Japanese Corporate Class,CI Pacific Corporate Class[/table]

[table]Former Name,New Name Harbour Foreign Equity Corporate Class,Harbour Global Equity Corporate Class Harbour Foreign Growth & Income Corporate Class,Harbour Global Growth & Income Corporate Class Signature Canadian Resource Fund,Signature Global Resource Fund, Signature Canadian Resource Corporate Class,Signature Global Resource Corporate Class Clarica SF CI Signature Canadian Resource Fund,Clarica SF CI Signature Global Resource Fund[/table]

July 26, 2013 – Invesco

Invesco terminated the following PowerShares funds effective July 26, 2013:

  • PowerShares Global Clean Energy Class
  • PowerShares Global Gold and Precious Metals Class
  • PowerShares Global Water Class
  • PowerShares Golden Dragon China Class
  • PowerShares India Class
  • PowerShares QQQ Class

July 8, 2013 – CI Investments

CI Investments launched a new retirement solution: G5/20 Series on July 8, 2013.

May 31, 2013 – Brandes Investments / Bridgehouse Asset Managers

Bridgehouse Asset Managers becomes the new retail trade name for Brandes Investments effective May 31, 2013 as a part of their expanding offerings of three world-class asset managers, which also includes Sionna Investment managers and Lazard Asset Management.