Industry

Decorative pattern

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(November 8, 2006) The British Columbia Securities Commission has banned two men from Kamloops after they admitted to illegally distributing securities. Mervin George Fiessel and Robert Michael Doherty are permanently banned from trading securities except in limited circumstances. Fiessel cannot ever be a director or officer of any issuer or engage in any investor relations […]

By Staff |November 8, 2006

4 min read

Decorative pattern

Drop insurance restrictions for banks: report

There’s a new voice joining the simmering debate over whether banks should be permitted greater latitude in selling insurance. The C.D. Howe Institute has released a paper on the topic, calling for the federal government to drop the current restrictions when the Bank Act comes up for review in the spring. “It is time to […]

By Steven Lamb |November 8, 2006

6 min read

Decorative pattern

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(November 7, 2006) GMP Capital Trust is expanding into Europe, with the creation of GMP Securities Europe LLP. The firm will serve mid-market firms on London’s Alternative Investment Market and the Official List. At the same time, GMP has partnered with London brokerage Panmure Gordon & Co. The relationship will provide easier access to the […]

By Staff |November 7, 2006

3 min read

Decorative pattern

Top brokers increasing revenues, assets, study says

A Toronto-based software provider has crunched data from more than 5,000 brokers across North America who use their products, finding investment advisors on their platform are ramping up both their revenue and asset growth. In a recent study, PriceMetrix identified the qualities that distinguish top producers from average advisors. PriceMetrix concentrated on two groups, “growth […]

By Doug Watt |November 7, 2006

3 min read

Decorative pattern

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(November 6, 2006) BMO Harris Investment Management is adding to its lineup of equity funds, announcing two new products designed to take advantage of global investing opportunities. The BMO Harris Emerging Markets Equity Portfolio, sub-advised by Comgest SA, focuses on the growth opportunities in developing countries, while the BMO Harris International Special Equity Portfolio, sub-advised […]

By Staff |November 6, 2006

5 min read

Decorative pattern

Trusts need transparency, accountants say

How much cash was generated in the period and where did it come from? How much cash was generated in the period and where did it come from? What is the entity’s strategy for maintaining productive capacity and managing debt? (This is particularly important in light of the recent federal government announcement of a new […]

By Steven Lamb |November 6, 2006

2 min read

Decorative pattern

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(November 3, 2006) Long a proponent of overweighting income trusts, the investment strategy team at CIBC World Markets has adjusted their recommended asset mix to match the benchmark weighting for trusts. At 5% of the portfolio, that marks a decrease of three percentage points. Led by chief strategist Jeffery Rubin, the group has added 2% […]

By Staff |November 3, 2006

2 min read

Decorative pattern

Cleaner money laundering rules

Advisors may soon face increased reporting regulations if a new bill regarding money laundering, currently working its way through Ottawa, is passed. Bill C-25 is the first step to reform the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. The implications of the planned changes are far reaching. In an anti-money laundering panel hosted […]

By Mark Brown |November 3, 2006

5 min read

Decorative pattern

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(November 2, 2006) The Canadian Federation of Independent Business says Ottawa should reduce employment insurance premiums, calling the massive surplus in the EI account “unconscionable.” In a letter to the federal government, CFIB president Catherine Swift observes that the government’s EI account surplus is $48 billion and rising. She adds that the new EI rate-setting […]

By Staff |November 2, 2006

3 min read

Decorative pattern

October shows its cheery side

October cast aside its reputation as a scary month for investors, with nearly all mutual funds categories posting positive returns, according to Morningstar Canada. Only one of Morningstar’s 42 new fund indices failed to join the rally: the Canadian Inflation-Protected Fixed Income group lost 0.2% on the month. The top gaining fund group was the […]

By Steven Lamb |November 2, 2006

3 min read

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