News and resources for Canada's top financial advisors
Industry
Small business owners in Ontario are worried about the effect of the harmonized sales tax (HST) on their bottom lines, according to a survey conducted by the Canadian Federation of Independent Business (CFIB). “Governments have clearly dropped the ball in their handling of this critical tax reform initiative,” said CFIB’s Ontario director Satinder Chera. “The […]
By Staff |September 24, 2009
3 min read
Canada’s self regulatory organizations could take on a lot more responsibility in the future, bringing regulation closer to actual financial industry participants. The question is, does anyone in the industry want that? “Self-regulators have become far more robust,” said Paul Bourque, associate partner with the financial advisory practice of Deloitte & Touche, speaking at the […]
By Steven Lamb |September 23, 2009
It is not easy being a parent especially when there are not enough assets to go around. According to a new poll by Edward Jones Canada, 15% of parents with children under 18 at home are favouring their children’s education over their own savings and nearly 26% of parents are primarily saving for retirement. Another […]
By Staff |September 23, 2009
4 min read
If you are still revisiting risk management strategies for your client portfolios given last year’s downturn, look no further than the institutional side of the business for best practices. “The last 12 months have probably served to undermind the traditional thinkings of asset allocation,” says Michael Cooke, vice-president of alternative strategies for Invesco Trimark. Cooke […]
By Deanne Gage |September 22, 2009
Exchange traded funds will have to attract capital if they want to challenge mutual funds’ dominant market share, says Deloitte. In a report released today, the auditor claims that several factors could enable ETFs to attract additional capital and become more profitable. ETFs need to be linked to less exotic indices, like commodities and equities. […]
By Staff |September 22, 2009
2 min read
During a time when the U.S. political system is being ripped apart over a bitter healthcare reform battle, there’s reluctance among Canadians to address this issue openly. The president of the Canadian Life and Health Insurance Association says Canadian healthcare system is headed for a crisis, unless serious reforms are made. Speaking before the Economic […]
By Mark Noble |September 22, 2009
Other than a subtle shift in tighter risk management, the global securities lending business hasn’t slowed down much in the last year, according to a new study conducted by RBC Dexia. While there is increased scrutiny on institutional investors to mitigate their risk — which includes high amounts of leverage exposure — the securities lending […]
By Mark Noble |September 21, 2009
Last week Joe Canavan announced his retirement as CEO of Assante Wealth Management. Over the course of his 25-year career, he has witnessed a great deal of change. He has strong opinions on what the industry has accomplished, and on where it is going. Speaking with Advisor.ca, he praised the advice industry for its drive […]
By Steven Lamb |September 21, 2009
Foreign investors are turning their backs on Canadian securities. According to Statistics Canada, purchases dropped to $351 million from the $61.9 billion they invested over the first six months of the year while purchases of bank and financial shares remained healthy to the tune of $3.57 billion in bonds and $612 million in stocks. On […]
By Staff |September 21, 2009
CI Financial has announced the retirement of Joe Canavan from the role of CEO of Assante Wealth Management (Canada) Ltd., effective Nov. 11. Canavan, a 25-year wealth management veteran, has been CEO of Assante since November 2003, when the firm was acquired by CI Financial. He was the founder of Synergy Asset Management, which was […]
By Staff |September 18, 2009
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.