Industry

Decorative pattern

Santa needs a plan

Consistently ranking at the top of Forbes magazine’s list of the richest fictional characters, Santa Claus has a fortune estimated to be infinite — although he was recently removed from the list, since his “fictional” status is disputed. With a transnational exporting business with hundreds if not thousands of employees and a pretty much incalculable […]

By Mark Noble |December 24, 2007

5 min read

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Briefly:

(December 20, 2007) The Canadian Securities Administrators has announced its actions relating to the global liquidity crunch, including targeted reviews of continuous disclosure by reporting issuers identified as holders of non-bank-sponsored asset-backed commercial paper. The reviews have found that fewer than 100 publicly listed Canadian companies hold any significant number of the affected debt obligations. […]

By Staff |December 20, 2007

3 min read

Decorative pattern

Dear Santa, send coal

Sometimes it pays to be naughty. That lump of coal in the stocking you were warned about in childhood could be worth more than a sock full of candy, according to Scotiabank’s Commodity Price Index. In a year-end report, Scotia lists hard coking coal and potash as the top picks for investors in 2008. This […]

By Steven Lamb |December 20, 2007

2 min read

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Empire Life names

Size is usually the scale by which most empires are measured, but Les Herr, recently named the next president and CEO of Empire Life Insurance, plans to expand his company’s brand by continuing to build a loyal network of independent advisors who believe being the biggest isn’t necessarily best. Consolidation of Canada’s insurance companies hasn’t […]

By Mark Noble |December 20, 2007

4 min read

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Briefly:

(December 19, 2007) CIBC issued a statement on Wednesday that it will likely incur a “large charge” in its first quarter results because of its association with embattled sub-prime debt provider ACA Financial Guaranty Corporation. The statement comes on the heels of a massive downgrade of ACA’s credit rating by Standard and Poor’s, which reduced […]

By Staff |December 19, 2007

3 min read

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Clients research online, buy in person

Advisors will have little success selling investments and life insurance online, but they can use the web as a turnkey solution to drive more business their way, says a study conducted by Forrester Research. According to Forrester’s study, entitled Canadian Trends in Researching and Applying for Financial Products Online, 21% of U.S. financial service consumers […]

By Mark Noble |December 19, 2007

3 min read

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Canadians aren’t keen on American investments: Investors Group

Canadians haven’t thought twice about spending their dollars at American stores this holiday season, but when it comes to investments they’re doing anything but looking south of the border for a deal. A new Investors Group survey found that just one in six Canadian investors thinks the U.S. is a favourable place to invest, while […]

By Bryan Borzykowski |December 19, 2007

3 min read

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(December 18, 2007) AGF Funds has announced the appointment of Carrie Tuck as senior vice-president of product management and development. “Carrie’s product background and understanding of sales support will help AGF better meet the needs of investors and their financial advisors,” said Randy G. Ambrosie, president of AGF Funds Inc. Tuck is a 15-year veteran […]

By Staff |December 18, 2007

3 min read

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Foreign investors sell Canada: StatsCan

Sell, sell and sell. That’s what non-Canadian investors chose to do with their holdings of Canadian securities during the month of October. According to Statistics Canada, non-residents reduced their holdings of Canadian securities by a record $24.3 billion during the month. Canadians also showed little love for domestic securities. StatsCan says with the Canadian dollar […]

By Mark Noble |December 18, 2007

3 min read

Decorative pattern

Briefly:

(December 17, 2007) Member firms of the Investment Dealers Association of Canada approved the IDA’s proposal to merge with Market Regulation Services (RS) at a special members’ meeting. The member firms overwhelmingly supported a resolution approving the combination of the association with RS into a new self-regulatory organization. “We are very pleased that member firms […]

By Staff |December 17, 2007

4 min read

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