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Canada’s financial capital has made it onto the top ten list of global financial centres for the first time, rising two spots on the Global Financial Centres Index (GFCI) since last fall. The list, compiled by London-based Z-Yen ranked Toronto as number 10 on the list, tied with Sydney, Australia. The top spot went to […]
By Staff |March 22, 2011
1 min read
In the matter of Luigi Ciardullo A hearing panel of the Central Regional Council of the MFDA has issued its reasons for decision in connection with the settlement hearing held in Toronto, Ontario on November 26, 2010 in the matter of Luigi Francesco Ciardullo. Read a copy of the hearing panel’s reasons for decision. In […]
A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, with sanctions, between IIROC staff and Todd William Stefiuk. In the agreement, Mr. Stefiuk admits his failure to disclose certain outside business activities to his firm and his involvement with clients in what is called an off-book investment […]
“Courteous reader”, Benjamin Franklin wrote in his 1758 book, Way to Wealth, “Get what you can and what you get, hold. ‘Tis the stone that will turn all your lead into gold.” Wealthy Canadians usually have themselves well fortified against Canada Revenue Agency’s attempts to turn their gold back into lead at tax time, but […]
By Brenda Craig |March 21, 2011
4 min read
Mercer has announced an expansion in its global responsible investment consulting business, naming Richard Fuller and Ryan Pollice to the team. Dr. Fuller will be based in Melbourne, Australia, overseeing the firm’s client relationships in Sydney and Melbourne and intellectual capital development across the Asia Pacific region. He joins Mercer from HESTA Super Fund, where […]
By Staff |March 21, 2011
Economic Indicators
Having turned the corner in 2010, Canada’s economy continues to inspire a positive outlook despite some uncertainties, according to the latest Economic and Financial Outlook by Desjardins Economic Studies. The study, released this morning, said the outlook for Canada’s economy is overall optimistic. The main sources of this sanguinity are the S&P/TSX, which has outperformed […]
By Vikram Barhat |March 21, 2011
Everyone knows the old adage about the three most important things in real estate, but when it comes to real estate securities, “location, location, location” is not so much repetition but a call to diversification. “A global approach, in my opinion, is recommended as it provides the widest range of return opportunities, and it also […]
3 min read
The Quebec government is getting kudos from the industry for being the first province to introduce a new pension program for workers that lack private plans. The provincial budget, tabled on Thursday, proposes a voluntary retirement savings plan (VRSP), which according to the Canadian Life and Health Insurance Association (CLHIA) is based on the pooled […]
By Staff, with files from The Canadian Press |March 18, 2011
2 min read
Reader Alert: This editorial is in response to Stephanie Holmes-Winton’s March16th column ‘What debt issue?’. Household debt in Canada is at record levels, but the situation is not as dire as some reports have suggested. While average household debt is $112,000, assets are also at record levels and net worth will increase as the economy […]
By Helmut Pastrick |March 18, 2011
Desjardins Financial has extended the deadline on its offer for preferred shares of Western Financial Group to 5 pm on April 15. The new deadline matches the date that Desjardins expects to receive approval from the Federal Minister of Finance for its takeover of Western. All other terms of the offers remain the same and […]
By Staff |March 18, 2011
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