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(March 9, 2007) The Canadian Association of Income Trust Investors issued a release on Friday arguing that “tax leakage” is not a valid reason for the federal government to impose taxes on income trusts, claiming support from members of the banking community. CAITI said the government’s tax policy was premised on the belief that income […]
By Staff |March 9, 2007
4 min read
Nearly two years before it plans to go public, Wellington West Holdings Inc. has released an annual report complete with all of its financials. The unusual move for a still-private entity is part of what the Winnipeg-based firm’s CEO, Charlie Spiring, calls being “a public company in training.” “We talk about transparency all the time. […]
By Renée Alexander |March 9, 2007
3 min read
While rumours and innuendo swirl concerning the apparently imminent sale of Berkshire, some within the industry say there is a better way to grow than buying an entire dealership. Taking the 80/20 rule into account, why should an acquirer buy the whole firm when it wants only the top 20% of producers? “Our view is […]
By Steven Lamb |March 9, 2007
(March 8, 2007) Alterra Capital announced that Wellington West will be the exclusive principal agent for the Alterra U.S. Venture Capital Fund, a private offering with a $50 million maximum that is designed to allow individual investors access to the U.S. venture capital market. Alterra said the fund will be sub-advised by Spencer Trask Asset […]
By Staff |March 8, 2007
A Decima research exit poll conducted on behalf of Investors Group has found that 42% of eligible Canadian investors contributed to their RRSP this season. It was Investors Group’s first time conducting the poll, so it couldn’t compare figures to those of previous years, but citing figures from a Statistics Canada report from November, which […]
By Mark Noble |March 8, 2007
2 min read
A class action suit has been filed by Manulife Securities International against the French bank Société Générale over its role in the Portus fiasco. The suit names Société Générale, Société Générale (Canada), Lyxor Asset Management and Société Générale Securities Inc., with all Portus investors being represented in the class. Société Générale was named as the […]
By Steven Lamb |March 8, 2007
(March 7, 2007) BMO Harris Private Banking is launching a value-added service to its personal banking for wealthy clients that will assist them with time-consuming tasks that range from transferring money to university-age children to helping with laundry and groceries. “From banking to investing to lifestyle services, enCircle EXEC is designed to simplify our clients’ […]
By Staff |March 7, 2007
BMO Capital Markets joined a growing list of brokerages that are getting involved in underwriting Canadian companies listing on London’s Alternative Investment Market, a flexible sub-market within the London Stock Exchange. BMO has hired a team of professionals based in London, England, to broaden the firm’s capabilities in serving smaller listed companies, especially in the […]
By Mark Noble |March 7, 2007
Few advisors have likely made it all the way through the 138-page tome that is National Instrument 31-103, better known as registration reform, but the Toronto law office of Torys is encouraging all advisors to do their homework on this one. “We were a little taken aback when we read this instrument,” Marlene Davidge, a […]
By Mark Brown |March 7, 2007
After a year apart, Canada’s two leading mutual fund classification systems are coming together once again, as Morningstar Canada has agreed to rejoin the Canadian Investment Funds Standards Committee. “We are delighted to welcome Morningstar back,” said Chris Adair, chair of the CIFSC and general manager of Fundata Canada Inc. “With this announcement, our mutual […]
By Steven Lamb |March 6, 2007
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