Industry

Decorative pattern

Briefly:

(March 6, 2007) Nineteen weeks after its introduction, Manulife Investments has racked up $1 billion in sales of IncomePlus, its guaranteed minimum withdrawal benefit product. Manulife said the product is a retirement solution that provides guaranteed monthly payments independent of when an investor retires in the market cycle, as well as growth potential, flexibility and […]

By Staff |March 6, 2007

4 min read

Decorative pattern

2006 saw steady enforcement, better compliance: IDA

The Investment Dealers Association has released its 2006 annual report in financial compliance and enforcement, finding that real gains have been made in the financial compliance of IDA members. The IDA’s enforcement statistics from 2006 show that 1,269 cases were brought forth during the year, compared to 1,237 in 2005. The number of new investigations […]

By Mark Noble |March 6, 2007

3 min read

Decorative pattern

Briefly:

(March 5, 2007) TSX Group has set a launch date for its previously announced derivatives exchange, which will begin operation in March 2009. Teaming up with International Securities Exchange (ISE), the new market, dubbed DEX. “We are excited to announce this new exchange with ISE, a company that has shown great innovation and growth in […]

By Staff |March 5, 2007

4 min read

Decorative pattern

CIBC’s Rubin unfazed by recent sell-off

Last week’s falling global markets were little more than a blip, and investors would be wise to pay closer attention to the underlying economic story, according to one of Bay Street’s notorious bulls. “Global industrial production looks like it’s heading for another banner year of growth,” Jeff Rubin, chief strategist and chief economist at CIBC […]

By Steven Lamb |March 5, 2007

2 min read

Decorative pattern

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(March 2, 2007) Statistics Canada reports that the economy gained momentum throughout the fourth quarter of 2006, closing the year with 0.4% growth in December. For the quarter as a whole, the pace of economic activity eased slightly, although the economy advanced 2.7% over the year. December’s strong performance gave a much needed boost to […]

By Staff |March 2, 2007

4 min read

Decorative pattern

Budget overspending unacceptable: C.D. Howe

A report released by the C.D. Howe Institute, a prominent Canadian think-tank, finds that both the federal government and provincial governments of Canada have had poor track records in meeting their budget commitments over the past 10 years: more often than not, they have spent beyond what was planned. Presenting the results of these findings […]

By Mark Noble |March 2, 2007

2 min read

Decorative pattern

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(March 1, 2007) The Canadian Centre for Policy Alternatives has declared that Canada’s income gap between the rich and poor is growing, largely because the spoils of economic growth are going primarily to the 10% of families who make more than $100,000 a year. The study, The Rich and the Rest of Us: The Changing […]

By Staff |March 1, 2007

3 min read

Decorative pattern

New rules ahead of Pure Trading launch

After receiving considerable dealer input, the Universal Market Integrity Rules are ready to accommodate the introduction of multiple marketplaces. The same can’t be said for Pure Trading, the new market that precipitated the rule changes in the first place, which has delayed its launch for the second time. Pure Trading was due to hard-launch on […]

By Mark Brown |March 1, 2007

4 min read

Decorative pattern

Supreme Court awards same-sex CPP survivor benefits

The Supreme Court of Canada released its decision today in the first Charter of Rights class action to go to trial in Canada. In the decision, the Court awarded CPP survivor’s pensions to 1,500 Canadians involved in the class action lawsuit and cleared the way for other same-sex couples to collect survivor benefits in arrears. […]

By Kate McCaffery |March 1, 2007

4 min read

Decorative pattern

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(February 28, 2007) On the heels of a busy investing season, the Ontario Securities Commission has introduced a new brochure to help families find out what they should know about Registered Education Savings Plans before they invest. Developed in response to investor concerns, the RESP Checklist highlights some key areas of research before choosing a […]

By Staff |February 28, 2007

3 min read

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