Industry

Demise of trusts overstated

The income trust sector is still down 9% from Oct. 31, the night investors shuddered as Ottawa announced its intention to tax trusts. But Ken Manget, a managing director at BMO Capital Markets, says it was only a matter of time before a correction hit. Most of the trusts that have been taken out of […]

By Mark Brown |February 23, 2007

2 min read

Briefly:

(February 22, 2007) Statistics Canada reports that Canadian corporations earned record-high operating profits of $231.7 billion in 2006, led by solid growth in the wholesale, retail and construction industries. The financial services industry, primarily chartered banks, also turned in a healthy profit. StatsCan reports that, overall, operating profits increased 7.3% in 2006, down from double-digit […]

By Staff |February 22, 2007

3 min read

Compliance is the easiest option: OSC chair

Regulators must take a more aggressive, proactive approach to dealing with criminal activity in the securities industry, according to the chair of the OSC. And he’s asking Bay Street for help. Speaking at the Canadian Institute’s Securities Superconference in Toronto, OSC chair David Wilson called on the industry to be vigilant in its compliance with […]

By Steven Lamb |February 22, 2007

2 min read

SRO powers under scrutiny

The Investment Dealers Association of Canada will defend its right to impose sanctions on members after they have left the industry in a Saskatchewan courtroom on March 12. The IDA is appealing a Saskatchewan Financial Securities Commission panel decision involving Wade MacBain, Karl Neufeld and Fred Smith. The original case set out to resolve two […]

By Mark Brown |February 22, 2007

4 min read