Industry

Briefly:

(August 8, 2007) After five months on the run, an Ontario-based investment broker, who is facing fraud charges, has been apprehended by police. Bruce Elmore is accused of allegedly bilking millions of dollars out of more than 40 investors. His clients thought they were investing in GICs, but it is suspected Elmore put the cash […]

By Staff |August 8, 2007

2 min read

Credit risk rising thanks to sub-prime woes

Canada’s financial sector has enjoyed smooth sailing for the past four years, with a relatively low credit default rate, so it’s easy to forget how quickly the good times can turn sour. A stark reminder could be just on the horizon. In a speech to the Toronto CFA Society, Suzanne Labarge, former chief risk officer […]

By Bryan Borzykowski |August 8, 2007

3 min read

Niche

Controversy surrounding specialized designations that target seniors in the U.S. is raising questions as to whether Canada should be looking hard at its own accreditation system. A New York Times article in early July publicized that some insurance agents were calling themselves experts in financial planning for seniors after completing relatively easy correspondence courses or […]

By Mark Noble |August 7, 2007

6 min read

Briefly:

(August 7, 2007) Recent market volatility has been driven by irrational fears that problems in the U.S. mortgage market will spill over into the Canadian equity market, according to a report out of CIBC World Markets. “Investors followed a circuitous route to link U.S. mortgages to Canadian equities over the past month,” says Avery Shenfeld, […]

By Staff |August 7, 2007

2 min read