SPOTLIGHT: The Benefits of Doing Good
for Tsunami Donations
Thousands of Canadians have made a difference by
donating more than $50-million to the tsunami relief effort. Tax savings are not
the real reason most people have donated. But if you're looking to help, Tim
Cestnick has some things to keep in mind.
Nortel Revisited, Market Timing Losers
Nortel Restates Results, Looks for Fresh Start
Nortel Networks Corp.
finally released restated 2003 results on Tuesday
and said executives would pay back millions of bonus dollars as it struggles
to put an accounting scandal behind it, after it misreported its costs and
about $3.2 billion in sales. It also said five directors, including its
chairman, will retire from its board. Susan Taylor has the grisly details.
Market Timing Shortchanged Investors in 54 Funds
The four companies swept up in the market timing scandal
have revealed that they allowed rapid, in-and-out trading in 54 mutual
funds, confirming that the controversial practice cut a wide swath through
the Canadian investment community. Karen Howlett has the scoop.
Regulator Ignored Market Timing at Other Firms: AIC
Michael Lee-Chin, the jovial founder of AIC Ltd., said the Ontario Securities
Commission ignored evidence of market timing across the mutual fund industry,
opting instead to make an example of a handful of firms -- including his own --
in its probe of the controversial practice. Keith Damsell has the story.
MARKETS AND INVESTING: Retirement, Dogs
Couple, 62, Seek Income, New House
In a small town in New Brunswick, a couple we'll call Max and Charlotte are
enjoying the fruits of a life of hard work. Max, 62, operates a consulting
business part time while Charlotte, also 62, has retired from a government job.
They have two children with families and careers of their own. Andrew Allentuck
looks at their options.
Dogs Can Be Investors' Best Friend
It looks like 2005 could shape up as the year of the dividend. Major investment dealers say that
investors should look to dividend stocks this year as a way of playing defence in what is expected to be a soft year for stocks.
Strategists like the classic safe sectors such as utilities, telecom,
financials and consumer staples, but some of your clients might be seeking a
somewhat more aggressive stance. Rob Carrick explores the alternatives.
Confused About January Stock Market Theories? You're Not the
The existence of a stock market phenomenon known as
the ''January effect'' is the subject of much dispute. According to the
theory, stocks rise in the first week of the year because investors sell
stocks at the end of the previous year to lock in gains or take tax losses.
Flush with cash, they then proceed to spend like drunken sailors in the first
week. Mathew Ingram clarifies.
Hedge Funds Eyeing Uranium Market
For the first time analysts and brokers can recall, hedge
fund managers are dipping a toe in the uranium market, buying the nuclear
fuel in the same way they would purchase other commodities such as copper,
oil or soybeans. Wendy Stueck reports.