Industry

Decorative pattern

Economic Indicators

Debt problem worse than topline suggests

Canadians are slowly waking up to the fact that putting the brakes on spending is not enough to battle household debt. According to the latest debt report from the Certified General Accountants Association of Canada (CGA-Canada), Canadian families are faced with household debt that’s reached a record high. “The debt of a typical household is […]

By Vikram Barhat |June 14, 2011

3 min read

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Integrated Private Debt names president

Integrated Asset Management Corp. (IAM) has named Philip S. Robson as president of its private corporate debt group, Integrated Private Debt Corp. (IPD), effective immediately. Robson joined IPD in 1996 after a career in corporate and investment banking. He has played a key role in building IPD’s loan portfolios and will now help direct the […]

By Staff |June 14, 2011

1 min read

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Investors Group names president of Quebec unit

Investors Group has announced the appointment of Claude Paquin as president of Investors Group Financial Services, Quebec. “Through his many years with Investors Group, Claude has built a reputation for continuous and outstanding leadership,” said Murray Taylor, president and CEO of Investors Group. The company has a network of 17 regional offices across Quebec, with […]

By Staff |June 14, 2011

1 min read

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Claymore launches convertible bond ETF

Claymore Investments has announced the launch of the Claymore Advantaged Convertible Bond ETF, available in as either common and advisor units. The ETF is designed to provide investors with exposure to the performance of the DEX Convertible Bond Index, consisting of both tax efficient monthly distributions and opportunity for capital appreciation. “Convertibles are hybrid securities […]

By Staff |June 14, 2011

1 min read

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Canadians exposed to cost of critical illnesses

Canadians appear more confident about their ability to physically survive a critical illness, than survive its impact on their net worth. According to Desjardins Financial Security Health Survey, close to two-thirds of Canadians are confident they would survive a critical illness, while 67% say it would render them financially vulnerable and they would likely need […]

By Vikram Barhat |June 13, 2011

4 min read

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IA Clarington changes managers on four funds

IA Clarington Investments has announced changes to the portfolio management on four of its funds, following the departure of Pierre Bernard on Friday. Effective immediately, Marc Gagnon, of Industrial Alliance Investment Management (IAIM) will lead the IAIM portfolio management team for both the IA Clarington Canadian Leaders Fund and IA Clarington Canadian Leaders Class. “With […]

By Staff |June 13, 2011

1 min read

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Franklin Templeton fund mergers approved

Franklin Templeton Investments has received approval from securityholders to merge Bissett Multinational Growth Fund into Franklin World Growth Fund, and Bissett Multinational Growth Corporate Class into Franklin World Growth Corporate Class. The fund mergers and transfer of securities will take effect on or about the close of business on June 24, 2011. Securityholders of Bissett […]

By Staff |June 13, 2011

1 min read

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Canadian couples avoiding insurance talk

When it comes to communication skills, women are often considered innately advantaged. Except when the subject of discussion is life insurance. According to a TD Insurance poll, it’s men who are driving the conversation about insurance on the rare occasions that it is broached. Aptly titled Look Who’s Talking, the poll revealed discussing life insurance […]

By Vikram Barhat |June 13, 2011

2 min read

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Supervisory lapse costs $25,000 fine

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, with sanctions, between IIROC staff and Randall Glen Bergh. With this agreement Bergh admits to failing to adequately perform his supervisory duties. Bergh has agreed to a penalty of a $22,000 fine and $3,000 in costs. The penalty […]

By Staff |June 13, 2011

1 min read

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IIROC levies $10,000 fine for client pay-off

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has imposed a $10,000 fine against Bryan Dale Claggett. The penalty decision follows the panel’s earlier decision, dated April 4, 2011, which found that Claggett violated an IIROC rule when, without his firm’s knowledge, he attempted to settle a client complaint by paying […]

By Staff |June 13, 2011

1 min read

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