Industry

Decorative pattern

Briefly:

(June 11, 2008) Canaccord Adams has announced that, effective today, Jamie Brown will be president of Canaccord Adams in addition to his duties as head of investment banking. He succeeds Kevin Dunn, who is assuming the title of vice-chairman of U.S. operations. “I am very proud to announce Jamie’s appointment to this key leadership position,” […]

By Staff |June 11, 2008

3 min read

Decorative pattern

Advisor’s Edge turns 10

Advisor’s Edge, the sister property of Advisor.ca, is ten years old this month. To celebrate, Advisor Group hosted a bash last night for 150 guests at the Gardiner Museum in Toronto. Guests included Jim Rogers of Rogers Group Financial, Glorianne Stromberg, compliance lawyer Ellen Bessner and David Christianson of Wellington West, who is a veteran […]

By Staff |June 11, 2008

1 min read

Decorative pattern

Top advisors calm clients with IPS

So far, 2008 has been an interesting year for Canadian investors. The S&P/TSX Composite Index saw a drop from 14,000 to about 12,000 in January alone, and it has since lurched its way to new all-time highs above 15,000. It’s been a dizzying ride and no doubt it has led to some tense discussions with […]

By Staff |June 11, 2008

3 min read

Decorative pattern

Briefly:

(June 10, 2008) There’s a new man at the top of Russell Investments. The company announced today that John Schlifske, the executive vice-president at Northwestern Mutual, is Russell’s new CEO and president effective immediately. According to Northwestern Mutual, Schlifske — who replaces Craig Ueland — was responsible for all aspects of its investment products and […]

By Staff |June 10, 2008

2 min read

Decorative pattern

BoC’s inaction stuns market

The Bank of Canada has surprised forecasters by refusing to cut interest rates Tuesday morning, leaving the key overnight rate at 3%. Most analysts had predicted a 25 basis point cut in the trend-setting rate. The Bank rate remains at 3.25%. In making the decision, the Bank cited an increased risk of inflation, particularly skyrocketing […]

By Mark Noble |June 10, 2008

5 min read

Decorative pattern

On The Shelf: Franklin Templeton changes fund lineups

(June 9, 2008) Changes are afoot at Franklin Templeton Investments, as the company announced Monday that it was altering its Global Income Fund and Quotential Diversified Income Portfolio lineups. Templeton Global Income Fund Series A units will now become Series T, while the U.S. dollar Series A is set to become the new Series T-USD […]

By Staff |June 9, 2008

1 min read

Decorative pattern

Briefly:

(June 9, 2008) TSX Group has found someone to replace Richard Nesbitt as the organization’s CEO. Thomas Kloet, senior executive vice-president and COO of Fimat USA and Newedge USA will take over the job starting July 14. “Tom brings a very impressive track record of success in a number of key areas and we believe […]

By Staff |June 9, 2008

3 min read

Decorative pattern

Women not represented in the boardroom: study

Canada will lose a competitive edge if women continue to be a significant minority in corporate boardrooms, suggests a recent report released today by Catalyst, a leading non-profit research organization. In fact, the study suggests that the persistent under-representation of women on corporate boards and the extremely slow pace of change may have disturbing implications […]

By Romana King |June 9, 2008

3 min read

Decorative pattern

Point of sale rules too simplistic: Expert

Announced last year, one of the lynchpins of NI 81-406’s 216-page proposal is the implementation of a fund-facts document that must be shown to a client before the sale of not only mutual funds, but segregated funds as well. The two-page fund-facts document is written at a grade five level and is supposed to include […]

By Mark Noble |June 9, 2008

3 min read

Decorative pattern

Briefly:

(June 6, 2008) The conversion experience in other countries to International Financial Reporting Standards isn’t as simple as swapping one set of accounting rules for another, says Ernst & Young. Tax in particular requires special attention, since almost every IFRS-related change will have a tax accounting or reporting implication. “We absolutely need tax at the […]

By Staff |June 6, 2008

3 min read

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