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The number of Certified Financial Planners in Canada is set to rise by almost 400, following the June sitting of the CFP exam, according to the Financial Planners Standards Council. There were 985 people writing the exam on June 9, with 397 passing. The pass rate for those writing the exam for the first time […]
By Steven Lamb |July 9, 2007
1 min read
Money laundering might have been a product of 1930’s prohibition era, but present-day criminals are using increasingly sophisticated techniques to hide ill-gotten gains. Last year the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) reported that there were about $5 billion worth of money laundering transactions — almost double what it found in 2004–2005. […]
By Bryan Borzykowski |July 9, 2007
3 min read
(July 6, 2007) After a flurry of private equity takeovers in recent months, retail investors will finally have the chance to access leading Canadian private equity funds, starting Friday. Kensington Capital Partners, one of the country’s top independent private equity fund investors, announced commitments to three Canadian private equity funds led by top Canadian fund […]
By Staff |July 6, 2007
A study released Wednesday by Britain’s Financial Services authority shows that the sub-prime lending problems that have plagued the U.S. economy are not isolated to America. Britain has uncovered its own set of sub-prime issues, raising questions about whether Canada may be heading down a similar path as well. The FSA study uncovered poor risk […]
By Mark Noble |July 6, 2007
4 min read
An interest rate hike is all but certain when the Bank of Canada convenes on Tuesday, following a StatsCan report that showed strong job growth in June. The month saw a net gain of 34,800 jobs, with 62,600 new full-time positions offsetting losses in the part-time labour market. There had been some hope among market-watchers […]
By Steven Lamb |July 6, 2007
2 min read
Canadian investors eased back on their mutual fund purchases in June, with net new sales ringing in at between $1.95 billion and $2.45 billion to work, according to preliminary data from the Investment Funds Institute of Canada. “The recent slowdown in the markets brought mutual fund assets down slightly in June,” said Pat Dunwoody, vice-president, […]
By Steven Lamb |July 5, 2007
(July 5, 2007) On Thursday the IDA announced that it found Edmonton’s Moin Mirza guilty of failing to cooperate with an investigation, while in another case it fined Bruce Calvin Deck $138,212 for various offences. In Mirza’s case, the IDA needed to talk to the advisor but was unable to get a hold of him […]
By Staff |July 5, 2007
The number of Canadian initial public offerings has been decimated by the devaluation of income trusts, according to a PricewaterhouseCoopers market survey. There were just 37 IPOs on the TSX and TSX Venture exchanges in the first six months of 2007, with a total valuation of $855 million. This is down from the 57 new […]
By Mark Noble |July 5, 2007
Recent market jitters will soon pass, allowing the S&P/TSX Composite to continue its trek toward 15,000 by the end of 2007, according to the monthly market update from one of Bay Street’s most vocal bulls. “The global economic outlook has seldom been brighter, bringing strong support to energy and most commodity markets,” writes CIBC World […]
Ambitious actuaries got some good news on Thursday — they’re free to take the CFP exam without enrolling in any additional courses. The FCIA (Fellow of Canadian Institute of Actuaries) designation now meets requirements for the Financial Planners Standards Council’s Approved Prior Credential policy. The plan to list actuaries in the FPSC’s APC policy was […]
By Bryan Borzykowski |July 5, 2007
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