Industry

RBC attacks consumer debt

(March 9, 2004) North American consumers are in far better financial shape than the recent spate of doom-and-gloom debt reports would have you believe, according to a report from RBC Economics. “The prevailing outlook on North American household finances underestimates employment, personal income and productivity growth,” said Derek Holt, assistant chief economist of RBC Economics. […]

By Steven Lamb |March 9, 2004

3 min read

Eliminate labour fund tax credit, says C.D. Howe

Raising capital: How labour fund tax credits work (March 9, 2004) Ottawa could save $100 million a year by scrapping the federal tax credit for labour-sponsored investment funds (LSIFs), says the C.D. Howe Institute. That’s one of several tax reforms suggested in C.D. Howe’s shadow budget, which was released today. Most labour funds qualify for […]

By Doug Watt |March 9, 2004

2 min read

Advocis calls for action on advisor incorporation

(March 8, 2004) Advocis says the Ontario government should give “immediate priority” to amending the Securities Act to allow incorporated securities salespersons. The recommendation comes in Advocis’s pre-budget submission, sent last week to the province’s finance minister. Advocis says at least 70% of its members are licensed for both insurance and mutual funds or other […]

By Doug Watt |March 8, 2004

2 min read

Brokers enjoyed solid gains in 2003

(March 8, 2004) Canada’s securities industry was firing on all cylinders in 2003, says the IDA, with operating profits rising 21% from the previous year to $3.3 billion. “The year marked a dramatic turnaround in industry fortunes following a 23% earnings drop in the previous two years,” the IDA said in its quarterly securities industry […]

By Doug Watt |March 8, 2004

2 min read