Industry

Briefly:

(March 17, 2008) The Pan-Canadian Investors Committee for Third-Party Structured ABCP has filed an application today asking the Ontario Superior Court of Justice to call a meeting of ABCP noteholders to vote on the committee’s plan to restructure 20 of the trusts covered by last summer’s Montreal Accord. The filing was made under the Companies’ […]

By Staff |March 17, 2008

4 min read

February fund sales poor but positive: IFIC

Investors dipped their toes back into the Canadian mutual fund pool in February, recovering much of the outflows from January’s hefty sell-off. “Given the types of equity markets we’ve had recently, the absolute dollar figure for all categories was fairly reasonable,” says Rudy Luukko, investment funds editor for Morningstar Canada. “However, when you start to […]

By Steven Lamb |March 17, 2008

4 min read

Is it time to worry about our banks?

To say it was a bad day to be invested in banks would be an understatement. The collapse of Bear Stearns, America’s fifth largest investment bank, has sent bank stocks the world over into a tailspin as investors question who’s next. A more pressing question to Canadian investors may be Are our banks safe? After […]

By Mark Noble |March 17, 2008

5 min read

By The Book: IDA fines, suspends ex-Desjardins reps

(March 14, 2008) The Investments Dealers Association of Canada has suspended two Toronto men for two months, ordering them each to pay a fine of $25,000. Jeffrey Bradford Kasman and Clinton Anderson must also pony up $40,000 in costs to the IDA and successfully complete the Conduct and Practices exam. While working at Desjardins Securities, […]

By Staff |March 14, 2008

1 min read