Industry

Nearly 1,000 sit June CFP exam

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

Banks increase spending to combat money laundering

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

Briefly:

(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

3 min read

Are sub-prime troubles headed for Canada?

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