Industry

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Wise persons’ committee seeks public input

(May 9, 2003) To attempt to broaden debate, a federal committee reviewing the current system of securities regulation in Canada is asking for public opinion on the subject. The “wise persons’ committee,” appointed by federal Finance Minister John Manley in March, released a consultation paper yesterday. “Our committee’s objective is to have active involvement of […]

By Doug Watt |May 9, 2003

2 min read

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IDA beefs up proposed disclosure requirements for research analysts

(May 9, 2003) The IDA has revised its proposed policy on research analyst standards, increasing the levels of disclosure required. The changes reflect comments received from securities regulators across the country and amendments to similar rules in the U.S. Policy 11, which the IDA has been working on since 2001, deals with conflicts of interest […]

By Doug Watt |May 9, 2003

2 min read

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Advocis teams up with Environics on advisor survey project

(May 8, 2003) Canada’s largest professional association for financial advisors is joining forces with polling firm Environics on a market research project, aimed at collecting advisor opinions on a variety of topics. The first study will measure advisor perception of mutual fund and life insurance companies, Advocis said in a release issued today. Environics already […]

By Doug Watt |May 8, 2003

2 min read

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CIFPs strikes E&O insurance deal for members

(May 7, 2003) The Canadian Institute of Financial Planners has negotiated a deal with ACE Canada to provide errors and omissions (E&O) insurance for its members. Participants must hold the CFP designation and take an E&O training course to qualify for the plan. Annual premiums are priced at $800, plus taxes, for coverage of up […]

By Doug Watt |May 7, 2003

2 min read

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Dealers candid about tough issues facing industry in May’s Advisor’s Edge

(May 6, 2003) For those looking for a different perspective on the issues facing dealer firms and the industry as a whole, the May issue of Advisor’s Edge features insights from the heads of four leading Canadian dealer firms — views that are anything but sugar-coated, according to the magazine’s managing editor. “What impressed me […]

By John Craig |May 6, 2003

2 min read

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Growing institutional, HNW interest boosts social investment sector

(May 6, 2003) Canada’s socially responsible investment managers have managed to maintain their market share of investment assets thanks to growing interest from smaller institutions and high net-worth investors, according to a report released yesterday by the Social Investment Organization (SIO). Total assets managed according to social responsibility guidelines stood at $51.4 billion as of […]

By Doug Watt |May 6, 2003

3 min read

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Dundee’s deal for IPC collapses

(May 5, 2003) Dundee Wealth Management’s proposed acquisition of Investment Planning Counsel of Canada (IPC) Financial Network has been called off amid regulatory complications. In a joint statement released Friday, May 2, the two companies said they were terminating the transaction, estimated to be worth $150 million. Dundee’s takeover of IPC was first announced last […]

By Doug Watt |May 5, 2003

2 min read

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Great-West wins Canada Life shareholder vote by huge majority

(May 5, 2003) In a muted end to one of the life insurance industry’s livelier takeover skirmishes, Canada Life shareholders today overwhelmingly endorsed Great-West Life’s friendly bid, valued at $7.3 billion. The shareholders endorsed the bid by 99.4% of those voting in person or by proxy during a meeting this morning at the Metro Toronto […]

By Art Melo |May 5, 2003

2 min read

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Advisors welcome sanctions against Costello

(May 2, 2003) The Ontario Securities Commission’s (OSC) decision to impose stiff sanctions against popular financial commentator Brian Costello received some votes of support this week in Advisor.ca’s online discussion forum, the Talvest Town Hall. On Wednesday, April 30, the OSC reprimanded Costello, ordered him to pay $300,000 in costs, and ruled that his business […]

By Doug Watt |May 2, 2003

2 min read

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Is there no place like the home construction sector?

Untitled Document Without much fanfare, one of last year’s losers is now rounding third base on the way to a homerun. Nobody expected it to be a winner this year. Given its record lately, it likely will be. That sector is home construction, which includes makers of building materials, construction, architecture and engineering firms, as […]

By Staff |May 2, 2003

2 min read

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