Industry

Briefly:

(July 4, 2007) It seems reckless sub-prime mortgage lending is not isolated to the United States. Britain’s Financial Services Authority has taken enforcement action against five firms over the behaviour of intermediaries and lenders that service consumers with impaired credit histories. The FSA reviewed 11 lender firms, representing more than 50% of the sub-prime market […]

By Staff |July 4, 2007

5 min read

Fund returns vary widely in Q2

Staying home turned out to be an all-right strategy for Canadian investors in the second quarter of 2007, but venturing into emerging markets was also worth the trip, according to fund performance data compiled by Morningstar Canada. Investing in the rest of the industrialized world, however, would have been a little disappointing. Investors were rewarded […]

By Steven Lamb |July 4, 2007

4 min read

Flaherty shortens income trust filing deadline

Income trust investors will have an easier time filing their annual tax return, thanks to a new federal government draft amendment. Jim Flaherty, Canada’s minister of finance, announced Wednesday that income trusts would have 60 days — as opposed to 90 — to disclose information relating to distributions and allocations of income and capital. Trusts […]

By Bryan Borzykowski |July 4, 2007

2 min read

Briefly:

(July 3, 2007) A British Columbia Securities Commission panel has laid down the law on a Vancouver-based advisor who invested her client’s money in unsuitable investments. Jill MacGregor Bock has been ordered to pay a $25,000 fine for violating securities rules. On February 27, 2007, the panel found that Bock had contravened section 48 — […]

By Staff |July 3, 2007

4 min read