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On March 3, 2011, the Ontario government released draft regulations regarding the division of pension assets on marriage breakdown. Public comments are invited up to April 18, 2011. The new rules may be proclaimed into force as soon as July 1, 2011. The new regulations will require administrators to: 1. Provide a new type of […]
By Staff |March 9, 2011
1 min read
Scotiabank announced today that it has acquired the remaining 4 million common shares of DundeeWealth (representing 3.27% of the issued and outstanding common shares) that were not tendered to Scotiabank’s purchase offer, which expired at 12:01 a.m. ET on February 1, 2011. As a result of the completion of the Compulsory Acquisition, Scotiabank now owns […]
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By John Powell |March 9, 2011
The Alberta Court of Appeal ruled today that the federal government’s proposed legislation for a national securities regulator is unconstitutional. “It is neither appropriate nor necessary for this Court to try and determine whether it is ‘better’ for Canada to have a national, as compared to a provincial, system of securities regulation,” the ruling says. […]
By Dean DiSpalatro |March 8, 2011
2 min read
One of the leading competitors to the TMX Group says the proposed merger of the exchange with the London Stock Exchange comes as no surprise and even welcomes the news, so long as the deal is stripped of certain strategic assets. Mergers among traditional exchanges are not surprising, according to Jos Schmitt, CEO of Alpha […]
By Steven Lamb |March 8, 2011
The Canadian Securities Administrators (CSA) has launched a free mobile money management application and interactive web site called My Make it Count to help youth better understand and monitor their spending behaviour in real time. The app allows users to track the money they earn and spend each day, set savings goals, monitor their financial […]
By Staff |March 8, 2011
Economic Indicators
The 2011 Canadian Unretirement Index, released by Sun Life Financial today, shows the average Canadian expects to retire at age 68—three years later than respondents reported in the same study a year ago. The economic downturn has had the most significant impact on the retirement expectations among those earning less than $50,000 per year. They’re […]
Finally there is an asset class where philanthropy and desire for capital gains can cohabit without qualms or a clash. Known as impact investing, it is a growing phenomenon which requires the management of social and environmental performance alongside financial risks and returns. A participatory speaker series known as Eye4Impact kick starts March 29 in […]
By Vikram Barhat |March 8, 2011
Consumer confidence is higher now than it was in November of last year, according to the latest Harris/Decima-Investor’s Group Measure of Consumer Confidence. The upbeat mood also extended to their personal financial wellbeing and their short- and medium-term outlook—personally and for the Canadian economy. The overall measure of consumer confidence increased from 82.8 last November […]
A recent CFA Institute Financial Market Integrity Outlook Survey shows that CFA Institute members in 8 of the 16 largest markets see derivatives as the most serious issue facing global markets. While 23% of global respondents ranked derivatives as most serious, 20% consider financial reporting and market fraud as the most serious issue facing global […]
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