Take stock – May 13

Mutual fund rating agency Morningstar has ranked Canada mid-pack among 16 major countries as a good place for fund investors — but with a failing grade for fees and expenses.

Morningstar grades Canada mid-pack for Fund Investors

Mutual fund rating agency Morningstar has ranked Canada mid-pack among 16 major countries as a good place for fund investors — but with a failing grade for fees and expenses. Canada rates high for investor protection and investment transparency, and its overall grade was B-minus, based on criteria which also included taxation and investment choices. This grade put Canada behind Japan, the Netherlands, Taiwan and Italy, all rated B, but ahead of Britain, France and Switzerland, all at C-plus. The United States got the only A overall rating in the study released Tuesday, ahead of China at B-plus. Canada, by contrast, got the only F grade for fees among the 16 countries studied. The typical Canadian fund investor pays a management expense ratio of 1.25 to 1.49 per cent for a bond fund, and between two and 2.5 per cent for an equity fund. Canadians also typically face a front-end load of between four and five per cent, “primarily because investors are unaware that this fee is negotiable,” the Morningstar study adds.

Western forest faces deeper Q1 losses

Western Forest Products Inc. (TSX:WEF) said Tuesday it will continue to sell assets it doesn’t see as key to company growth, but that the economic downturn has slowed potential sales. The forestry company, which reported a deeper loss and 25 per cent drop in wood product sales in the first quarter, said it plans to use the money from assets it unloads to reduce borrowing and improve its balance sheet. But acting president and chief executive Dominic Gammiero said the recession has halted its plans to sell “non-core assets” in recent months. “Unfortunately the market for these assets have contracted this past year,” Gammiero told shareholders at the company’s annual shareholder meeting in Vancouver.

Just Posted

Red Deer group looking to keep roads safe for cyclists

A Red Deer cycling group is concerned about road safety after multiple… Continue reading

Smoke and pets do not mix

Take care of your pets during the smoky weather

Former Red Deer lawyer sentenced

Charges included possession of stolen property

Man causes mischief with axe in Ponoka

Arson and attempted break and enter charges laid

WATCH: Raising money for kids at the Gord Bamford Charity Golf Classic

Former NHL players, Olympians, pro rodeo circuit members and musicians teed off… Continue reading

Oilpatch fears delays as U.S. judge orders further review of KXL pipeline route

CALGARY — Potential delays in the completion of the Keystone XL pipeline… Continue reading

‘Queen of Soul’ Aretha Franklin dies at 76

NEW YORK — Aretha Franklin, the undisputed “Queen of Soul” who sang… Continue reading

Arrests in Burnaby, B.C., as order against Kinder Morgan protest camp enforced

BURNABY, B.C. — The RCMP arrested protesters Thursday as officers enforced a… Continue reading

‘Hot and dirty work:’ Commander describes fighting massive Ontario wildfire

BRITT, Ont. — From a helicopter flying over a smouldering swath of… Continue reading

Calgary Fire Department logs record opioid overdose calls in July

CALGARY — The Calgary Fire Department says there were a record number… Continue reading

RCMP in Burnaby, B.C., say Kinder Morgan protest camp to be dismantled

BURNABY, B.C. — The RCMP arrested protesters when officers enforced a court… Continue reading

Study: Smokers better off quitting, even with weight gain

NEW YORK — If you quit smoking and gain weight, it may… Continue reading

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month