Industry

RRSP season fares better than expected

It was supposed to be a disastrous RRSP season, but results from a study conducted by Investors Group suggest while not great, RRSP contributions weren’t too far off from last year. Investors Group’s third annual RRSP exit poll of more than 1,000 Canadian adults, reveals a decline of six percentage points in the number who […]

By Mark Noble |March 11, 2009

5 min read

Briefly: “IIROC suspends Credifinance membership” and more news

The Investment Industry Regulatory Organization of Canada has suspended the membership of Credifinance Securities Limited, following a March 6 hearing. Under the suspension, Credifinance must immediately cease dealing with the public, and must comply with IIROC Rule 600, which covers suspended members. The regulatory body has also ordered Credifinance to pay staff costs associated with […]

By Staff |March 11, 2009

1 min read

Building a better risk profile

One of the big lessons driven home during this downturn might be that there’s more to knowing your client than the simple KYC process might suggest. Innovative research in the field of behavioural finance suggests that the investment industry has misjudged the risk tolerance of clients. Meir Statman, the Glenn Klimek Professor of Finance at […]

By Mark Noble |March 10, 2009

6 min read

Carbon footprint index launched

Standard & Poor’s continues its push to create new market indexes focused on the environment, announcing the S&P U.S. Carbon Efficient Index, designed to measure the performance of large cap, publicly-traded American firms whose carbon footprints are lower than their peers. The new index provides a benchmark to the market, as represented by the parent […]

By Doug Watt |March 10, 2009

2 min read