Industry

Decorative pattern

Equity issuance, trading slow in Q3

There is new evidence that the long-anticipated economic slowdown has already had an impact on the Canadian markets. The summer months of 2006 were marked by a dramatic slowdown, as both financings and trading volumes fell, according to the latest report from the Investment Industry Association of Canada. New financings totalled just $9.1 billion between […]

By Steven Lamb |November 30, 2006

3 min read

Decorative pattern

Philanthropy still key factor in charitable giving

Although Ottawa’s move to cut the capital gains tax on donations of stocks to charities has clearly helped the sector, it’s not the main reason behind Canadians’ philanthropic decisions, a new survey suggests. In fact, 97% of those responding to a poll conducted for Scotiabank’s Scotia Private Client Group said their choices are motivated by […]

By Doug Watt |November 30, 2006

2 min read

Decorative pattern

Briefly:

(November 29, 2006) Richardson Partners Financial has named Bennett MacInnis, CMA, chief operating officer. Prior to joining the firm, MacInnis was executive vice-president of business process outsourcing at Citigroup Securities and Fund Services Canada. “We are very pleased to welcome Ben to our firm and offer him our full support as he guides our day-to-day […]

By Staff |November 29, 2006

2 min read

Decorative pattern

Advocis claims victory as feds table Bank Act

The government of Canada has announced the changes it plans to make to the Bank Act as part of the now overdue five-year review of the legislation. The review’s deadline, originally the end of October, was extended to April 24, 2007, in order to give the House enough time to consider the proposed changes. Those […]

By Mark Brown |November 29, 2006

3 min read

Decorative pattern

Wellington West hires Kapoor

Charlie Spiring has hired a former competitor to lead the M&A charge of his growing empire. The CEO of Winnipeg-based Wellington West Holdings Co., the newly-formed parent company of Wellington West Capital and its sister firms, has lured Kish Kapoor out of semi-retirement to be its president. Kapoor carved out his niche in Canada’s financial […]

By Renée Alexander |November 29, 2006

3 min read

Decorative pattern

Briefly:

(November 28, 2006) RBC Dominion Securities has agreed to pay $80,000 plus $10,000 in costs after it admitted to the Investment Dealers Association of Canada that it failed to notice a $420-million capital–ratio deficiency last June. According to one media report, the error was traced to a securities borrowing transaction in which RBC placed “excess […]

By Staff |November 28, 2006

3 min read

Decorative pattern

Global outlook remains strong: GGOF

Canadian investors are once again being told to cash in some of their Canadian oil profits and look abroad, before the markets succumb to the long-anticipated slowdown. The prophets of foreign profits this time around are Gavin Graham and a pair of globally focused portfolio managers for Guardian Group of Funds. “Canada has been by […]

By Steven Lamb |November 28, 2006

3 min read

Decorative pattern

Boomers face tough choices for retirement

No money left over to save (58%) No money left over to save (58%) Started saving too late (44%) Still supporting kids (28%) Health issues (22%) Job issues (20%) Many of them now regret their late start: 81% said they wish they had started earlier, and 91% agreed that saving enough to retire on takes […]

By Steven Lamb |November 27, 2006

2 min read

Decorative pattern

Briefly:

(November 27, 2006) Almost all of Canada’s provincial regulators are moving ahead with the passport model, approving the next phase of its implementation: harmonizing and streamlining securities laws across the country. The system will allow issuers and registrants to deal with only the regulator governing their principal jurisdiction, while giving them access to capital markets […]

By Staff |November 27, 2006

4 min read

Decorative pattern

Briefly:

(November 24, 2006) If you’re wondering where your client’s assets are hiding, you might want to hold your next meeting at their kitchen table. Apparently the number of Canadians opting for luxury homes is on the rise. According to a report by Royal LePage, the number of unit sales of luxury homes has skyrocketed in […]

By Staff |November 24, 2006

2 min read

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