TORONTO, March 4 (Reuters) – After three years of fantastic
returns and a particularly stellar 2012, Canadian asset managers
predict a return to earth for high-yield bond investments as
surging demand and recovering stock markets take the shine off
While no one is saying the party is over – solid
single-digit returns will still far outstrip returns on
government or investment-grade debt – wealth managers say it is
time to start reducing the expectations of junk bond buyers.
TORONTO, Feb 28 (Reuters) – Canadian companies of nearly
every stripe have announced big dividend increases this year,
aiming to dole out mountains of cash on a bet that shareholders
prefer sweeter payouts to their throwing money at investments in
an uncertain economy.
Bank of Montreal – Canada’s No. 4 lender and the
first of the big five banks out of the gate this year with
quarterly financial results – set the tone for the lenders early
this week with a surprise dividend increase.
TORONTO (Reuters) – With only tepid growth expected in North America and Western Europe in 2013, Canadian asset managers say the best opportunity for growth comes from emerging markets, where a burgeoning middle class is hungry for consumer goods and improved infrastructure.
Once viewed as higher risk, emerging economies from China to India and Brazil to Mexico are in the spotlight as investors face the prospect of mediocre returns from both stocks and bonds in the developed world in 2013.
TORONTO, Feb 26 (Reuters) – With only tepid growth expected
in North America and Western Europe in 2013, Canadian asset
managers say the best opportunity for growth comes from emerging
markets, where a burgeoning middle class is hungry for consumer
goods and improved infrastructure.
Once viewed as higher risk, emerging economies from China to
India and Brazil to Mexico are in the spotlight as investors
face the prospect of mediocre returns from both stocks and bonds
in the developed world in 2013.
TORONTO, Feb 25 (Reuters) – Small declines in home prices
and mortgage rates made Canadian home ownership slightly more
affordable in the fourth quarter of 2012, the second straight
improvement, and soft home buyer demand may help continue the
trend in 2013, according to a report by RBC Economics released
RBC, Canada’s largest bank and a huge mortgage lender,
measures affordability as the percentage of monthly pre-tax
income for a household needed to cover the typical costs of
owning a home, including mortgage payments, utilities and
TORONTO, Feb 22 (Reuters) – Canada’s federal housing agency
scaled back its forecast for homebuilding in 2013 on Friday,
saying that a slowdown in economic growth and job gains will
dampen demand for new homes, the latest sign that Canada’s
housing market is cooling rapidly.
The Canada Mortgage and Housing Corp said that while it
expects the housing market slowdown that hit in the second half
of 2012 will continue into 2013, it believes momentum will
return later in 2013 and 2014.
TORONTO, Feb 22 (Reuters) – Canadian pension fund OMERS said
on Friday it notched a 10 percent return on investments in 2012
as its private equity, property and infrastructure portfolios
made strong gains, offsetting losses on its investment in
Alberta’s oil and gas sector.
OMERS, which manages the pension plan for Ontario’s
public-sector municipal workers and has become a global
dealmaker by virtue of its deep pockets, said its net assets
grew to C$60.8 billion last year from C$55.1 billion at the end
TORONTO, Feb 20 (Reuters) – Canadian home prices fell for
the fifth month in a row in January from December and the
year-over-year price gain was the smallest since 2009 as the
housing market continued to cool.
The Teranet-National Bank Composite House Price Index, which
measures price changes for repeat sales of single-family homes,
showed on Wednesday that overall prices fell 0.3 percent in
January from a month earlier.
TORONTO, Feb 10 (Reuters) –
Buoyed by rising global stock markets, Canadian asset managers
are increasingly certain that 2013 will be the year that
investors who were burned by the financial crisis make a return
to equity-linked products.
As mutual fund developers try to read investor sentiment in
Canada’s traditionally heavy first-quarter sales period, money
continues to flow into funds marketed with the reassuring
“income” or “yield” tags that are favored by investors who lost
money in the 2008-09 stock market meltdown.
TORONTO, Feb 8 (Reuters) – Canadian financial adviser
Frances Summerhill has always felt a special connection with
female clients, but her focus on serving women is about more
than just rapport: she sees growth opportunities in their
“More women are starting businesses than men right now, more
are graduating from university … and there will be a wealth
transfer as women outlive their spouses. So women are going to
be in control of a lot of money,” said Summerhill, a veteran
financial planner at Scotia Capital Inc in Sudbury,
Ontario, 400 km north of Toronto.