Sprott Asset Management
Dennis Mitchell, Senior Vice President at Sprott Asset Management, on the three great unwinds and why economic data do not support synchronized global economic contraction more…
By Fund Library News Wire | Friday, September 30, 2016
By Mike Keerma
North American stock markets advanced marginally on the week, closing an uninspiring and volatile September, but posting solid third-quarter gains overall.
Last week saw markets react to signs that Opec may implement a production cap in coming months. Crude oil prices surged by $3 per barrel on the week, climbing
7.4% to US$47.98 per barrel, lending support to the flagging S&P/TSX Composite Index, which nevertheless managed to
eke out a 0.2% gain on the week. Rumors swirling about the financial stability of German banking giant Deutsche Bank AG also abated by the end of the week,
as the S&P 500 Composite Index rallied to end the week
with a hairline advance of 0.2%, while the Nasdaq Composite Index edged up 0.1% on the week.
– I’m a recent graduate, and I’m just getting started in my career with a new employer. My employer offers a group RRSP as a benefit, but I’m a little
nervous because the managers of the plan may invest in stocks and preferred shares that traded on stock markets. The RRSP is a government-registered plan,
so I’m wondering whether my RRSP contributions would therefore be insured or protected against losses in the stock market. – Fiona L., Mississauga, Ontario
By Fund Library News Wire | Thursday, September 29, 2016
By Mike Keerma
* CI to merge funds.
* Scotia shuts down Anchor funds.
* First Asset launches core U.S. and Canada ETFs. * Investors Group to cut fees, discontinue deferred sales charges.
* Front Street takes over Aston Hill Financial.
* Purpose buys Redwood.
* CI to merge funds.CI Investments Inc.
plans to merge six low-asset funds into other funds with similar mandates, as follows:
Globally, investors have been piling into investments like gold, U.S. equities, and emerging market debt, but recent positioning in Canadian stocks and
bonds is less crowded. Here are some reasons why.
Tuition funding is expensive, but there are ways and means to save for your children’s education, as I’ve illustrated in my previous post on registered plans. But there is also some tax relief available in the form of
various lucrative credits and writeoffs from the government. Here’s how the tax system shares in the cost with parents and students when it comes to
funding a post-secondary education.