Industry

Decorative pattern

National watchdog plan gains support

Blog Polls The news of Finance Minister Jim Flaherty’s proposed plan for a national securities regulator has received a warm welcome by the financial industry. Members of the industry are certain that, when passed, the national watchdog will bring in cost effectiveness, improved governance and improved investor confidence. “I’m quite pleased with a number of […]

By Vikram Barhat |May 27, 2010

3 min read

Decorative pattern

More pension options needed for self-employed: OMA

Blog Polls The Ontario Medical Association is petitioning the federal minister of finance to consider changing the Income Tax Act to help self-employed doctors to establish pension plans. “Factors including an aging population retiring earlier, diminishing personal RRSP contributions and limited social security funding have led the OMA to call for more pension options to […]

By Matthew Sylvain |May 26, 2010

2 min read

Decorative pattern

Briefly:

Canadian publicly traded companies have only seven months to convert their accounting practices to International Financial Reporting Standards (IFRS), and yet half of them are less than 60% of the way through the process, according to a survey sponsored by PricewaterhouseCoopers (PwC). The new reporting regime comes into effect January 1, 2011, and will require […]

By Staff |May 26, 2010

2 min read

Decorative pattern

Closing the pension gap

In early May, I had the privilege of being a panelist at a conference held in Toronto by the Institute for Research on Public Policy. The conference was entitled ‘Avenues for Reforming the Canadian Retirement Income System’. These days, that’s a hot topic in the industry. The panel I was a part of discussed ‘Savings […]

By Peter Drake |May 25, 2010

6 min read

Decorative pattern

Currency swings boost bond risks

“It is still too early to start worrying about inflation,” she says. Inflation fears are elevated due to the amount of monetary and fiscal stimulus. Until deleveraging has run its course there remains a huge output gap between Canada and the U.S. “In addition, we have the velocity of money, which has completely offset the […]

By Vikram Barhat |May 25, 2010

3 min read

Decorative pattern

Briefly:

Britain could face a “scarier” future than Japan faced in the 1990s, according to Adam Posen, member of the Bank of England Monetary Policy Committee. While policymakers in the U.K. are unlikely to make the same mistakes their Japanese counterparts made 20 years ago, he said, Britain has far fewer resources to stimulate growth than […]

By Staff |May 25, 2010

6 min read

Decorative pattern

Relax, retirement isn’t so bad

A fear of retirement grips Canadians, even as retired Canadians lead happy lives, according to an RBC poll. The first annual RBC Retirement Myths and Realities Poll noted that only 38% of pre-retirees over the age of 50 expect life to improve after retiring. “It’s natural to have concerns about retirement,” said Lee Anne Davies, […]

By Vikram Barhat |May 21, 2010

1 min read

Decorative pattern

Briefly:

While Canadian consumer debt levels are probing new highs, a recent survey found that nearly 80% rank debt-freedom as a priority. Unfortunately, nearly half feel they have lost ground in that quest over the past year, according to a poll by Manulife Bank of Canada. “We know Canadians are concerned about debt loads and the […]

By Staff |May 20, 2010

2 min read

Decorative pattern

Rogoff criticizes debt strategies

Despite the headwinds of poor jobs growth and a troubled housing market, the U.S. will avoid a double dip recession, according to Kenneth Rogoff, the Thomas D. Cabot Professor of Public Policy, Harvard University. Speaking at the CFA Institute’s 63rd annual conference in Boston, Rogoff assured the audience that his observations of past financial crises […]

By Steven Lamb |May 19, 2010

3 min read

Decorative pattern

Avoiding conflicts of interest

In today’s economy, it’s hard to imagine how a firm or registrant can be profitable without offering a more holistic model of financial service to clients. Insurance, financial planning, and tax preparation are all part of the “big picture” that advisors must offer. Clients want the convenience of one stop shopping. They also want knowledge […]

By Stephanie A. McManus |May 19, 2010

4 min read

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