Senior director Hugo Drouin promoted
Smallest 12-month increase for any month since June 2001
Canadian equities generate 3.3% return
Rob Richardson will focus on financial advisor practice management and business development in Canada and the U.S.
Natural resources equity and precious metals equity were the worst performing indices
Initial yield expected to be 6.75% per year
Seven funds closing to additional investment
Two funds to close to new purchases
The assets and operations of the CICA and CMA Canada have been transferred to the new national body
Move follows budget crackdown on character conversions