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BANFF – Financial advisors need to plant their feet on rock-solid ethical standards and avoid the slippery slope of moral relativism or suffer the consequences of lost client trust, this according to the founder, former leader of the Reform Party of Canada, Preston Manning. The good news is, the financial services industry is already ahead […]
By Steven Lamb |September 24, 2010
3 min read
BANFF – The financial services industry is rife with legal pitfalls stemming from potential conflicts of interest, but not all of these involve the interests of the advisor. There is a very real possibility the conflict you face could be between two clients, as a marriage falls apart. The good news is that there is […]
Canada needs to speak with one voice about securities regulation, especially in light of its key role in the G-20 and other worldwide forums, Doug Hyndman, chair and CEO of the Canadian Securities Transition Office told the Investment Industry Association of Canada 2010 conference today. “We can punch above our weight . . . and […]
By Philip Porado |September 23, 2010
2 min read
Stronger regulations may not have stopped the 2008 financial meltdown but hopefully would help contain future crises to more manageable levels, Anthony Fell, corporate director and former chairman and chief executive of RBC capital markets told the Investment Industry Association of Canada 2010 conference today. He laid much of the blame for the 2008 market […]
Going green is a concept for markets in the upswing of the economic cycle. Once we hit financial dire straits though, clean tech – like wind or solar power – goes the way of the dinosaur, or at least that’s a common perception. An informal poll conducted by Advisor.ca following the ‘Value Creation in Cleantech’ […]
By Nancy Turner |September 22, 2010
Scotiabank’s Commodity Price Index has posted another increase. The Index, which measures price trends in 32 of Canada’s major exports, posted another gain in August. It rose 1.6% month-over-month. “The All Items Index is rebounding from last spring’s correction, triggered by the Euro-zone sovereign debt crisis,” said Patricia Mohr, Vice-President, Economics and Commodity Market Specialist […]
By Staff |September 22, 2010
5 min read
A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, which includes sanctions, between IIROC staff and Hung Fai Raymond Kwok. In the agreement, Mr. Kwok admitted he personally compensated three clients for financial losses, without the knowledge or consent of his firm, contrary to IDA By-Law 29.1 […]
By Staff |September 21, 2010
Fidelity Clearing Canada (FCC) has landed a contract to provide securities clearing, real-time transaction processing and integrated risk management and operational tools to ITG Canada Corp., the Canadian unit of independent agency broker Investment Technology Group. This brings FCC’s list of clients up to seven Canadian broker-dealers, clearing about 260,000 trades per month on behalf […]
By Steven Lamb |September 21, 2010
Morningstar Research has officially launched a premium membership service on its Morningstar.ca website, drawing the curtain on the free preview of some content that has been available since the site was relaunched in June. “Morningstar.ca’s Premium Membership service is designed for investors who recognize the value of independent investment research, tools and accurate and complete […]
The global economic scales continue to tip heavily towards the Orient. Countries that until recently were known as exotic lands full of intrigue and inscrutable customs are now transforming into powerful economic engines driving the global growth. Let’s take a closer look at Malaysia, Indonesia and Thailand (MIT), arguably the most interesting economies in their […]
By Vikram Barhat |September 20, 2010
6 min read
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