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Becoming a millionaire might be more achievable than young Canadians realize, according to a TD Canada survey. Just a fist full of dollars a month, provided the saving starts early. The TD Canada Trust Millionaire’s survey, which polled 689 randomly selected Canadian adults aged 18-34, reveals young Canadians, despite having the power of compounding on […]
By Vikram Barhat |February 16, 2011
3 min read
The curtain appears set to fall on the Norbourg saga, as all parties involved in the legal actions have signed a final agreement to pay $55 million to the victims of the fraudulent investment scheme. The settlement will be submitted to Superior Court Judge Andre Prevost on March 14, 2011, for approval. All Norbourg and […]
By Staff |February 16, 2011
1 min read
This past year has been interesting for financials. After the recession in 2008, bank rescues and profits led markets to recovery in 2009 as writedowns on bad loans began to slow and lending activity resumed.
By Andrew Zamfotis |February 16, 2011
Looking for a contrarian conversation starter to put in front of your clients? Try the sunny outlook for the U.S. economy, which may be positioned to outperform in 2011, according to Laurentian Bank. The U.S. economy has already recovered “all economic activity lost during the recession,” and is building upon that base, says Sébastien Lavoie, […]
By Steven Lamb |February 16, 2011
2 min read
The Canadian Securities Administrators (CSA) is running an online contest that uses video, Facebook and Twitter tips to help youth get financially fit. The ‘Financial Fitness Challenge‘ will help youth increase their financial literacy, and offers a chance to win an Apple iPad or a grand prize of $2,000. The contest, which runs from February […]
By Staff |February 15, 2011
A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, with sanctions, between IIROC staff and Richard Roy. In the agreement, Mr. Roy admits that he failed in his know-your-client obligations and that he inappropriately followed trading instructions from an unauthorized third party. Mr. Roy has agreed to […]
Northwood Family Office has been recognized as a premier Canadian family office service provider by the Euromoney Private Banking and Wealth Management Survey, one of the leading benchmarks for the industry globally. First published in 2004, the survey uses a peer ranking methodology. “We’re honoured to be held in such high esteem by our peers […]
Technology deals soared to US$119 billion in 2010, as the push for smart technology drove global M&A deal value and set the stage for a robust 2011, according to a recent report by Ernst & Young. “Last year’s deals reflect the demand for smart everything,” says Karen Atkinson, partner and national technology industry leader with […]
By Vikram Barhat |February 15, 2011
IFIC announced late Monday that it would no longer include sales data for individual fund companies in its monthly sales report. Instead, IFIC will report on sales by asset class and CIFSC category. The decision comes after a string of major companies pulled out of offering such data to the group. “IFIC, as the official […]
By Steven Lamb |February 15, 2011
The mutual fund industry beat sales forecasts in January 2011, with total net sales of $3.05 billion, topping The Investment Funds Institute of Canada’s preliminary forecast of between $2.45 billion and $2.95 billion. Total mutual fund assets ended the month at $641.8 billion, up $6.1 billion from December and a hefty $85.4 billion since last […]
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