Industry

Decorative pattern

CNQ secures financing to develop TSX alternative

Plans for an alternative to the TSX for trading Canadian securities moved one step closer to reality today after the Canadian Trading and Quotation System (CNQ) announced it closed an equity financing deal worth more than $10 million. The financing will be used to complete the development of CNQ’s plans to launch an alternative market […]

By Kate McCaffery |December 8, 2005

2 min read

Decorative pattern

Reaction cautious towards Crawford report

(December 8, 2005) Reaction to the Crawford Panel’s report on adopting a single securities regulator has been tepid, with industry participants taking a wait-and-see approach, rather than endorsing or dismissing it. “I support Minister Gerry Phillips’ initiative in moving the dialogue forward on this very important subject,” OSC chair David Wilson said late yesterday. “It […]

By Steven Lamb |December 8, 2005

2 min read

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Ethical aims to educate advisors on SRI

While many Canadians may offer their moral support for socially responsible investing, the sector remains something of a niche market compared to the overall fund industry. Some may claim that socially conscious restriction limit returns, but the evidence does not really support this claim. More likely is that the SRI message is simply not reaching […]

By Staff |December 7, 2005

2 min read

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Crawford panel comes out with single regulator model

The Crawford panel released its long awaited discussion paper this morning, proposing a new model for a single Canadian securities regulator. The vision of a common securities regulator for Canada has been variously blocked, stalled and clouded by stakeholders at the country’s 13 existing regulators who are concerned that a central regulator would undermine their […]

By Kate McCaffery |December 7, 2005

3 min read

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BoC moves to head off inflation

The Bank of Canada has raised its key overnight rate by 25 basis points to 3.25%. The move was largely already priced in, which drove the Canadian dollar to nearly 87 cents US on Monday. The real question was whether the central bank would boost its rate by 50 basis points. The trend-setting Bank Rate […]

By Steven Lamb |December 6, 2005

2 min read

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New IFIC boss won’t take sides

Industry trade associations of all stripes have similar needs at their core — strong, organized management with lobbying and relationship building skills, an awareness of legal and regulatory issues, as well as the diplomacy to find common interests and issues among members. In a changing of the guard at IFIC next month, incoming president and […]

By Kate McCaffery |December 6, 2005

3 min read

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Analysts look for Santa Claus rally

It’s called “seasonal strength” and December is expected to be another strong month on the stock markets. Indeed, the S&P/TSX Composite Index has been up 43 of the last 49 Decembers, posting the strongest average return of any single month, with the least volatility, says George Vasic of UBS Investment Research. “We believe this reflects […]

By Doug Watt |December 5, 2005

2 min read

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Briefly:

(December 9, 2005) The Canadian Investment Funds Standards Committee (CIFSC) has announced the appointment of Ralf Hensel as chair of the committee. Hensel is senior legal counsel at IFIC. This marks the first time CIFSC has named a chair from IFIC. “I am honoured, although I was thinking about demanding a recount,” Hensel joked upon […]

By Staff |December 5, 2005

9 min read

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Industrial Alliance boosts Clarington bid

Industrial Alliance Insurance and Financial Services has increased its bid price for Clarington to $15 per share, topping a bid of $14.75 per share from CI Financial. “This is the best offer and the only firm and binding offer made to Clarington shareholders to this point,” stated Yvon Charest, president and CEO of Industrial Alliance. […]

By Steven Lamb |December 5, 2005

2 min read

Decorative pattern

Attitudes changing on post-retirement debt

Canada’s aging baby-boomers continue to change the face of society, with a new attitude toward post- retirement debt beginning to surface, according to RBC Financial Group’s 15th Annual RRSP survey. In a poll conducted by Ipsos-Reid, 48% of respondents said they did not believe it was necessary to pay off all of their debts before […]

By Staff |December 5, 2005

3 min read

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