News and resources for Canada's top financial advisors
Industry
(August 19, 2004) Persuading Alberta to support a single securities regulator may be the only way to move the reform process forward, says Purdy Crawford. The creation of a single regulator was the main recommendation of the Crawford committee’s five-year review of Ontario’s securities laws, released last year. Ontario’s standing committee on finance and economic […]
By Doug Watt |August 19, 2004
3 min read
(August 18, 2004) It’s getting harder to afford a home in most provinces, as a strong housing market and higher mortgage rates counteract increased construction, according to a report from RBC Economics. “Affordability will continue to erode over the balance of this year and next, principally due to relatively mild increases in mortgage rates,” said […]
By Steven Lamb |August 18, 2004
2 min read
(August 18, 2004) The Financial Services Commission of Ontario (FSCO) has revoked the life insurance licences of five agents for various infractions. The provincial insurance regulator released its latest monitoring and enforcement report this week. The agents were identified by FSCO as David Braganza, Joseph Caputo, Sahil Celly, Arvind Singh and Gaetan Lefebvre. In settlement […]
By Doug Watt |August 18, 2004
(August 18, 2004) There is a “persuasive and overwhelming” argument for separating the adjudicative function of the Ontario Securities Commission and creating a new independent body, a report released today concludes. But the chair of the OSC believes Ontario might be better off maintaining the status quo. The report, written earlier this year by a […]
(August 17, 2004) Venture capital continued to pick up steam in the second quarter of the year, as the industry invested $375 million, a year-over-year gain of 48%, according to data released by Canada’s Venture Capital and Private Equity Association (CVCA) CVCA and research partner Macdonald & Associates. “These second quarter numbers build upon the […]
By Steven Lamb |August 17, 2004
1 min read
(August 17, 2004) Advisors worried about exclusions in their errors and omissions insurance policies and rising premiums have another option to consider: purchasing a membership in a legal defence fund service. It’s a niche market that’s been successfully tapped by Las Vegas-based Financial Advisors Legal Association (F.A. Legal), which offers legal consultation and counsel to […]
By Doug Watt |August 17, 2004
(August 20, 2004) Scotiabank has launched a new online Investor Education Centre, aimed at helping clients improve their financial skills and make them more savvy investors. “Many of our customers are interested in access to tools and resources that will allow them to further develop their knowledge and understanding of key investing principles,” says Paul […]
By Staff |August 16, 2004
5 min read
(August 16, 2004) Crude oil prices — which have been hitting record highs of late on an almost-daily basis — could have even more upside potential, says BMO Nesbitt Burns senior economist Douglas Porter, and that could mean a $50 barrel in the not-too-distant future. In an online commentary, Porter notes that the cushion of […]
By Doug Watt |August 16, 2004
(August 16, 2004) Canadian investors are not changing their tastes when it comes to mutual funds, as risk aversion appeared to remain high in July, according to the latest industry data from IFIC, which today reported net sales of $544 million. “It’s just a continuation of the trend — people shunning equity funds and favouring […]
By Steven Lamb |August 16, 2004
(August 13, 2004) While the banks have been making huge strides into the financial planning market, there are signs that bank-based advisors may not be any happier than their colleagues in the broader industry, according to an online survey conducted for Advisor.ca. In fact, they seem noticeably less happy with their dealers. The survey found […]
By Steven Lamb |August 13, 2004
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