Industry

Fund industry divided over tackling HST

A tug-of-war is developing as fund companies try to find the fairest solution for dealing with the inequality of the HST as it relates to mutual fund investors. Much has been written about the various options pursued by fund managers across Canada since the introduction of the HST in Ontario and British Columbia on July […]

By Vikram Barhat |August 19, 2010

3 min read

SROs hand down fines, ban

The self regulatory organizations have released reasons for decisions in four cases, involving allegations “excessive trading or switching” and outright forgery of credentials. Below are some cautionary tales of things you should avoid doing. • • • MFDA Hearing Panel issues Reasons for Decision in the Matter of Worldsource Financial Management Inc. A Hearing Panel […]

By Steven Lamb |August 19, 2010

2 min read

Briefly:

Standard & Poor’s launched the S&P/TSX North American Preferred Stock Index today, which will cover the preferred share market across Canada and the U.S. The Index aims to provide investors with broad diversification and exposure to North American preferred stocks, according to a press release from the company. “Preferred stocks are attractive to investors in […]

By Staff |August 19, 2010

3 min read

Canada to gain from new banking rules

Comprehensive financial sector reforms could be on the cards as Canada joins other G-20 countries aiming to set new banking rules, suggests a recent Bank of Canada report. Raising the amount and quality of capital and liquidity that financial institutions must carry is a central component of the reforms, states the report titled ‘Strengthening International […]

By Vikram Barhat |August 18, 2010

3 min read