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

N.S. senior whose birthday card request drew international response dies

SYDNEY, N.S. — A Nova Scotia widower who received thousands of birthday… Continue reading

Freedom of expression or personal attack? Nurse appeals fine for Facebook post

REGINA — Saskatchewan’s highest court is to decide what’s next for a… Continue reading

RCMP commissioner says info in FBI probe led to arrest of intelligence director

OTTAWA — An RCMP employee charged with trying to disclose secret information… Continue reading

NDP’s Singh seeks urban support with housing billions, avoids deficit questions

OTTAWA — Jagmeet Singh continued his push to win progressive votes on… Continue reading

B.C. won’t use court ruling as tactic in pipeline battle: environment minister

VANCOUVER — Environment Minister George Heyman says British Columbia can’t stop the… Continue reading

WATCH: 2019 Canada Winter Games will leave a lasting legacy, say organizers

It leaves Red Deer with the infrastructure and confidence to host future such events

Your community calendar

Wednesday Central Alberta Historical Society annual general meeting is 6 p.m. at… Continue reading

N.S. senior whose birthday card request drew international response dies

SYDNEY, N.S. — A Nova Scotia widower who received thousands of birthday… Continue reading

Freedom of expression or personal attack? Nurse appeals fine for Facebook post

REGINA — Saskatchewan’s highest court is to decide what’s next for a… Continue reading

RCMP commissioner says info in FBI probe led to arrest of intelligence director

OTTAWA — An RCMP employee charged with trying to disclose secret information… Continue reading

NDP’s Singh seeks urban support with housing billions, avoids deficit questions

OTTAWA — Jagmeet Singh continued his push to win progressive votes on… Continue reading

B.C. won’t use court ruling as tactic in pipeline battle: environment minister

VANCOUVER — Environment Minister George Heyman says British Columbia can’t stop the… Continue reading

Parties spar over what is best for parental benefits

OTTAWA — Is it better to be paid in credit or with… Continue reading

Alberta spends $3M for 30 nurse practitioners for remote, specialized areas

Province spends $3M for 30 nurse practitioners for remote, specialized areas EDMONTON… Continue reading

Most Read