Industry

Decorative pattern

Briefly:

(December 21, 2006) The CSA is seeking comment on a proposed national instrument that would harmonize prospectus requirements across the country. National Instrument 41-101 General Prospectus Requirements, would provide a seamless and transparent set of general prospectus requirements. Currently, all CSA jurisdictions have similar but not identical prospectus requirements. “The major achievement of this proposal […]

By Staff |December 21, 2006

2 min read

Decorative pattern

Canadians less charitable than Americans, survey reveals

Although Canadians may like to think of themselves as more charitable than their U.S. neighbours, a new survey suggests that’s simply not the case. According to the Fraser Institute, the average value of charitable donations in Canada, based on income tax returns, is $1,214, compared to the U.S. average of $4,021 US. Wyoming has the […]

By Doug Watt |December 21, 2006

2 min read

Decorative pattern

Briefly:

(December 20, 2006) The majority of Canadians believe it’s a good time to invest in both RRSPs and RESPs, according to a survey released by Manulife Financial. Seventy-one per cent of those questioned for the insurance firm’s quarterly investor sentiment index said it’s either a good or very good time to invest in RRSPs, with […]

By Staff |December 20, 2006

2 min read

Decorative pattern

Managers turning optimistic on equities

Institutional money managers have taken a more positive outlook on the overall Canadian equity market, with bulls outnumbering bears for the first time since December 2005, according to the latest Russell Investment Manager Outlook survey. That is not to say they are throwing caution to the wind, however, as the greatest portion of respondents fall […]

By Steven Lamb |December 20, 2006

3 min read

Decorative pattern

IDA, RS name president of merged entity

The IDA has named the head of the new self-regulatory organization that will be created by the proposed merger with Market Regulation Services Inc. (RS). Susan Wolburgh Jenah will be the new SRO’s first president and CEO. Wolburgh Jenah is currently the vice-chair at the Ontario Securities Commission, a member of the board of directors […]

By Steven Lamb |December 20, 2006

2 min read

Decorative pattern

Briefly:

(December 19, 2006) Regulators have issued a warning to investors about the recent tidal wave of spam e-mails promoting “hot stocks.” A growing proportion of spam e-mails is related to stocks, where someone who doesn’t know you tries to get you to buy into a certain company, the Canadian Securities Administrators said in a recent […]

By Staff |December 19, 2006

3 min read

Decorative pattern

Radlo says goodbye to Fidelity

Fidelity Investments has been forced to shuffle its lineup of managers, after the sudden departure of Alan Radlo, announced late yesterday. Until last night, Radlo managed more than $9.6 billion in assets, just under a quarter of Fidelity Canada’s total assets of $38.8 billion, including the Fidelity Canadian Growth Company Fund, Fidelity NorthStar Fund and […]

By Steven Lamb |December 19, 2006

2 min read

Decorative pattern

Briefly:

(December 18, 2006) Home ownership is the number one financial goal for Canadians, according to a new survey, with saving for retirement a close second. Sixty-one percent of poll respondents said home ownership is their most important financial objective; 56% said retirement savings; and reducing debt came in third, at 53%. “Canadians want to make […]

By Staff |December 18, 2006

3 min read

Decorative pattern

Minister spells out

Late Friday, hours after markets had closed and after many advisors had gone home for the weekend, the federal finance minister provided guidance on what he construes as “normal growth” for income trusts. The new guidelines are expected to result in a sizable increase in the number of new financings and mergers within this space. […]

By Mark Brown |December 18, 2006

4 min read

Decorative pattern

Briefly:

(December 15, 2006) Canada’s national net worth grew nearly 3% in the third quarter to $4.8 trillion, about $146,700 per person, according to Statistics Canada. The increase in the market value of residential real estate continued to be the major contributor to the increase, StatsCan said, although non-residential assets, such as strong business investment, also […]

By Staff |December 15, 2006

3 min read

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