News and resources for Canada's top financial advisors
Industry
(July 29, 2008) Small business owners who want to invest in lowering their firms’ impact on the environment may qualify for an interest-only term loan, now on offer from TD Canada Trust. The loan program, which allows the borrower to defer principal payments for up to 12 months, is also available for investments aimed at […]
By Staff |July 29, 2008
3 min read
On Monday, BCE announced that it would be terminating more than 2,500 staffers, while General Motors (GM) offered lucrative buyout packages to reduce its workforce at its plant in Oshawa, Ontario. For employees the situation is less than optimal. They’ve lost their jobs and likely don’t have a clue about how to deploy their severance […]
By Mark Noble |July 29, 2008
5 min read
(July 28, 2008) The Investment Industry Association of Canada will be calling a definitive pronouncement when the Expert Panel on Securities Regulation makes its final report. In its submission to the panel earlier in July, the IIAC said a clear transitional path is needed to remove any uncertainties surrounding regulatory reform. The primary objective of […]
By Staff |July 28, 2008
2 min read
Prior to July 7, Canadians forced into bankruptcy could kiss their entire retirement savings goodbye. But thanks to a new rule implemented at the beginning of the month, creditors can no longer raid a client’s RRSP savings. The rules also apply to RIFFs and deferred profit sharing plans. Terri Williams, CFP and director of educational […]
By Bryan Borzykowski |July 28, 2008
(July 2008) To buy or not to buy Canadian equities — that’s the real question many in the financial industry are asking themselves these days. The main index continues to outperform global indices, even in the downturn, but can the party continue? “Some of the caution is warranted,” says Garey Aitken, Bissett Investment Management’s new […]
(July 25, 2008) Mackenzie Investments will substitute two of the six portfolio management teams that currently manage Mackenzie Focus Fund and Mackenzie Focus Class, effective August 29, 2008. The roster of managers will now include Jerry Javasky, head of Mackenzie’s Ivy Funds, and David Ginther, a U.S. dividend equity specialist with Waddell & Reed Financial […]
By Staff |July 25, 2008
(July 25, 2008)The Alberta Securities Commission (ASC) has agreed to a $250,000 settlement with Keystone Real Estate Investment of Red Deer over the company’s misrepresentations to the public through promotional material and information seminars. In addition, Ron and Travis Cadman, principals acting as advisors without being registered in accordance with Alberta securities laws. The Cadmans […]
A recent report by the Conference Board of Canada suggests that advisors can help mitigate their clients’ investment risks by examining a board’s commitment to corporate social responsibility (CSR). Report author Coro Strandberg explained that “firms are coming to understand the importance of corporate social responsibility and sustainability [in relation to] competitive performance, but their […]
By Romana King |July 25, 2008
4 min read
Don’t expect any bright lights at the end of the long fixed-income tunnel anytime soon — the market continues to spiral downward with no end in sight. A new Investment Industry Association of Canada (IIAC) debt issuance report reveals that total issuance in the debt market dropped to $41.4 billion; that’s an 18% decrease over […]
By Bryan Borzykowski |July 25, 2008
(July 24, 2008) Withholding information can be costly, especially if you’re dealing with the Investment Industry Regulatory Organization of Canada. IIROC — formerly the Investment Dealers Association of Canada — charged John D.W. Buskell $50,000 for failing to provide the organization information related to an ongoing investigation. Besides the fine, Buskell is permanently banned from […]
By Staff |July 24, 2008
1 min read
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