Industry

Decorative pattern

FPSC launches free planning seminars

The Financial Planners Standards Council has launched a public service program entitled Speaking of Money, offering free financial planning seminars to companies, community groups and organizations. The FPSC’s spokesperson, Reed Hilton-Eddy, said the primary motivation for the seminars is to educate Canadians about the value of financial planning. She also adds that the seminar series […]

By Mark Noble |February 28, 2007

4 min read

Decorative pattern

Market correction no time to panic

For a template letter on the merits of staying invested, please click here. Tuesday’s steep market slide in Asia sent most of the world’s markets reeling. The TSX had its biggest drop since 2004, and the Dow Jones Industrial Average fell by almost 416 points. When a drastic fall like this happens, it’s natural that […]

By Mark Noble |February 28, 2007

4 min read

Decorative pattern

Briefly:

(February 27, 2007) Scotia Economics has released a study highlighting RRSP trends, pointing out that while there has been a strong investor preference for real estate , the trend is rebalancing toward more traditional financial investment returns. The report, entitled Diversification, The Retirement Plan of Canadians, said that more Canadian investors are moving away from […]

By Staff |February 27, 2007

4 min read

Decorative pattern

Canada too soft on white-collar crime: RCMP

When John Sliter assumed the helm of the RCMP’s Integrated Market Enforcement Team, he had grand expectations. Initially IMET said it would load up 10 investigators per file in the hope of completing investigations within a year. It was known as the 10-to-one rule. Now the superintendent and director of the RCMP IMET says he […]

By Mark Brown |February 27, 2007

3 min read

Decorative pattern

Weinberg’s new shop targets ultra-HNW

Three and a half years after selling Assante Corp., Marty Weinberg is back at the helm of a financial services company in Canada. The Winnipeg-based entrepreneur has launched Pavilion Investment House, a firm targeting “ultra” high-net-worth clients across the country. It is also the parent to a pair of entities of which Weinberg is a […]

By Renée Alexander |February 27, 2007

4 min read

Decorative pattern

Briefly:

(February 26, 2007) Hub International, the U.S. parent of Canada’s largest MGA firm, has agreed to be taken over by private equity funds advised by Morgan Stanley Principal Investments and Apax Partners. The deal was unanimously agreed upon by Hub’s board, which has recommended all shareholders vote in favour of the transaction. The deal values […]

By Staff |February 26, 2007

2 min read

Decorative pattern

Trusts hit equity issuance in 2006

If Canada’s equity market is searching for a catchphrase to sum up 2006, it might want to try “what goes up must come down.” While the S&P/TSX index closed at 12,908, delivering a 17.3% return for the year, the country’s income trust markets dropped significantly. “The income trust mania that swept Bay Street to Main […]

By Bryan Borzykowski |February 26, 2007

2 min read

Decorative pattern

Canadian regulation needs fixing: Oliver

Less than six months away from retirement, Joe Oliver is in a mood to speak a little more candidly about the investment industry he oversees, noting that Canada’s regulatory structure isn’t broken — it just needs fixing. “I have repeatedly said that a viable alternative to a national securities commission is a fully integrated model,” […]

By Mark Brown |February 26, 2007

2 min read

Decorative pattern

Briefly:

(February 23, 2007) The Investment Industry Association of Canada is repeating its call for a common securities regulator. Ian Russell, IIAC’s president and CEO said, in a speech delivered to Canada’s finance minister last week, that a single regulator would “yield immediate cost savings and efficiencies.” In his speech, Russell also said that a new […]

By Staff |February 23, 2007

2 min read

Decorative pattern

M&A market surged through 2006

Canada’s mergers and acquisitions market had a banner year in 2006, with 22% more activity over the previous 12 months, according to Crosbie & Company’s Canadian M&A Activity — Fourth Quarter 2006 Report. The study says that in 2006, 1,968 deals were announced. That’s up from 1,613 transactions in 2005. “The conditions for M&A in […]

By Bryan Borzykowski |February 23, 2007

2 min read

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