IFIC Congratulates New Federal Finance Minister Joe Oliver

March 20, 2014

Toronto, ON – March 20, 2014 – The Investment Funds Institute of Canada issued a statement today congratulating the Honourable Joe Oliver on his appointment as Canada’s minister of finance.

“With his extensive background in business and finance and his experience in the cabinet, Mr. Oliver brings tremendous depth to his role”, IFIC’s president and CEO Joanne De Laurentiis stated. “Thanks to his past experience, the minister is well-versed in many aspects of the department’s mandate. He will be able to ‘’hit the ground running’ on important policy files and will continue the government’s sound fiscal approach.”

“Helping Canadians continue to build their retirement savings is an extremely important public policy objective – just one of several in which our members play a role,” De Laurentiis noted. “We look forward to working with Mr. Oliver and his staff on matters that will ensure a strong, stable investment sector where investors can realize their financial goals.”

In addition to retirement savings, federal policy issues of importance to investors and the investment industry include FATCA, tax-related matters, and the development of the cooperative capital markets regulatory system.

“We are eager to work with Mr. Oliver on these important issues and to achieve outcomes that would benefit both the industry and its investors,” De Laurentiis said.

IFIC and its members work with public policymakers to ensure that policy and regulatory decisions are taken with full knowledge of their potential impact on investors and investment funds providers, and with a view to creating a level playing field across financial products and services. As of February 28, 2014, Canadians have accumulated savings of $1.045 trillion in mutual funds.

About IFIC
The Investment Funds Institute of Canada is the voice of Canada’s investment funds industry. IFIC brings together 150 organizations, including fund managers, distributors and industry service organizations, to foster a strong, stable investment sector where investors can realize their financial goals. By connecting Canada’s savers to Canada’s economy, our industry contributes significantly to Canadian economic growth and job creation. The organization is proud to have served Canada’s mutual fund industry and its investors for more than 50 years.


For more information contact:
Sara Clodman
Senior Manager, Public Affairs
Phone: 416-309-2317
Email: sclodman@ific.ca

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The Investment Funds Institute of Canada (IFIC)

Topics:

• Financial Services
• Funds Management
• Investment Funds
• Investment in Canada
• Investments
• Mutual Funds
• Mutual Funds Industry
• Registered Education Savings Plans (RESPs)
• Registered Retirement Savings Plans (RRSPs)