News and resources for Canada's top financial advisors
Industry
If you needed reassurance that Canadians do, in fact, need financial advice, it’s here. Despite a dominant belief that now is a good time to invest, Canadians are wary of entering the market. A new survey commissioned by Franklin Templeton Investments finds that bullish sentiment outweighs bearish sentiment by a ratio of 4-to-1. Yet more […]
By Steven Lamb |January 27, 2011
2 min read
Economic Indicators
Deficits and debt reduction were the main topics of conversation at a Canada2020 sponsored event in Ottawa on Wednesday morning, featuring Chief Parliamentary Budget Officer Kevin Page and Jim Stanford, chief economist of the Canadian Auto Workers.
By Doug Watt |January 26, 2011
4 min read
It may be too early to tell, but Canadians may be taking the Bank of Canada’s warnings on household debt to heart, according to a report from CIBC World Markets. In November – the latest month for which data is available – household credit expanded at its slowest rate since 2001, growing by just 0.27% […]
By Steven Lamb |January 26, 2011
Clients witnessed risk in action in 2008, but have these lessons lingered? Risk is a layered concept. Although individual investors—even high net worth clients—acknowledge their balance sheets, do they truly recognize the forces behind them or even their own risk thresholds?
By Terri Goveia |January 26, 2011
8 min read
Having climbed the wall of worry in 2010, the North America equity market is looking at a promising year ahead where new opportunities abound. Several specific factors are expected to produce positive returns for equities, so stay the course, said Jeffery Tory, chairman GBC Asset Management and portfolio manager at Pembroke Management Limited. “It was […]
By Vikram Barhat |January 26, 2011
U.S. President Barack Obama’s state of the union address on Tuesday night included strongly worded promises to expand current commitments on investment in infrastructure and scientific innovation, which could provide opportunities for Canadian firms, according to Paul Taylor, CIO at BMO Harris Private Banking. “We’ve begun rebuilding for the 21st century, a project that has […]
By Dean DiSpalatro |January 26, 2011
The MFDA commenced a disciplinary proceeding in respect of Michael Franco by Notice of Hearing dated July 28, 2010. The hearing of this matter on its merits took place today in Calgary, Alberta before a hearing panel of the MFDA’s Prairie Regional Council. The parties filed an agreed statement of facts prior to the hearing […]
By Staff |January 25, 2011
1 min read
The CFA Institute has announced the results of the December 2010 sitting of its Chartered Financial Analyst (CFA) Program Level I exam. Of the 46,644 people who took the exam, 36% passed. In Canada, 3,427 wrote the exam, up 5% from 2009. That places Canada behind only United States (10,887), India (5,812), Mainland China (5,646), […]
If there was a Guinness record for the longest game of hot potato, the Norbourg scandal would probably be included among the finalists—and this without counting all the other unenviable records linked to it, like most confused court proceedings, greatest ever financial scandal in La Belle Province, greatest number of lost faxes, worst collaborative effort […]
By Yves Bonneau |January 25, 2011
5 min read
According to the results of the first ever Financial Planning Examination, financial advisors really know their stuff. Of the 455 advisors who wrote the Level 1 exam, 346 passed (76%).
By John Powell |January 25, 2011
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