Industry

Decorative pattern

Ontario to end mandatory retirement

(June 7, 2005) The Ontario government is introducing legislation that would end mandatory retirement, the province’s labour minister announced on Tuesday. “People are healthier and living longer so it is unfair to insist that they stop working simply because they turn 65,” said Chris Bentley. “Ending mandatory retirement would allow workers to retire based on […]

By Doug Watt |June 7, 2005

2 min read

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Market regulator advocates temporary trade-through rule

(June 6, 2005) Alternative Trading Systems (ATSs) are coming to Canada, and regulators are working to avoid the problems that have plagued the trading venues in the United States. ATS trading venues like Bloomberg Tradebook Canada and Liquidnet Canada have been operational for some time and the field is about to expand with the introduction […]

By Philip Porado |June 6, 2005

2 min read

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Thousands of CFA candidates sit exams

(June 6, 2005) The last-minute cramming is over for those taking CFA exams. More than 77,000 people around the world challenged one of the three different levels of the Chartered Financial Analyst program this past weekend. The six-hour exam tests four major topic areas including ethical and professional standards, tools and inputs for investment valuation […]

By Kate McCaffery |June 6, 2005

2 min read

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Are retail stocks a good buy?

The mob scenes you may have experienced at your local department store are a good clue that shopping is still brisk – and a sign that the department store segment of the retail sector, from an investment standpoint, remains healthy. Sure enough, department store stocks have been outperforming the market lately – and even outpaced […]

By Staff |June 6, 2005

2 min read

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Briefly:

(June 10, 2005) The British Columbia Securities Commission (BCSC) has meted out punishment to three men for breach of securities laws. Brent Gordon Edgson, Mark Stephen Heeres and Del Michel Delisle have been banned from holding office with any issuer or engaging in investor relations for terms ranging from six to 10 years. Edgson has […]

By Staff |June 6, 2005

13 min read

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New financial reporting requirements need tweaking, experts say

(June 3, 2005) The Canadian response to Sarbanes-Oxley, which includes a number of changes in financial reporting requirements, is well-meaning, but needs fine tuning, industry leaders say. In February, the Canadian Securities Administrators introduced proposed amendments that would bring Canada in line with Sarbanes-Oxley, such as a requirement that CEOs and CFOs certify a public […]

By Staff |June 3, 2005

3 min read

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Fundcos delivering high level service to advisors, study reveals

(June 3, 2005) An ongoing study indicates that mutual fund companies are doing a good job serving advisors through their customer service representatives (CSRs). “You’re dealing with an industry that is obsessed with delivering client satisfaction,” says Hugh Murphy, vice-president of financial services at Environics Research Group, which runs the Call Audit study. “The financial […]

By Doug Watt |June 3, 2005

3 min read

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Tech funds topped the charts in May

(June 2, 2005) Investors in tech-based mutual funds finally caught a break in May, as the Morningstar Canada Science & Technology Fund Index posted the best returns for the month, rising 6.7%. That gain leaves the index in negative territory for the year, though, with a decline of 0.2%. Morningstar Canada analyst Mark Chow chalks […]

By Steven Lamb |June 2, 2005

3 min read

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Salaries rising for investment professionals, survey says

(June 2, 2005) Senior executives in the Canadian investment industry are expected to earn median compensation of $125,000 this year, up 9% from two years ago, according to a survey released today by the CFA Institute and Russell Reynolds Associates. The survey examines the compensation of portfolio managers, securities analysts, pension officers and other senior-level […]

By Doug Watt |June 2, 2005

2 min read

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May stronger month for fund sales

(June 2, 2005) The mutual fund industry is anticipating higher sales in May, compared to the previous month. IFIC estimates that net sales for the month will be between $700 million and $1.1 billion. April’s net sales were $567 million. “We are pleased that the industry has posted its seventh straight month of positive net […]

By Staff |June 2, 2005

1 min read

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