News and resources for Canada's top financial advisors
Industry
(March 21, 2003) Advisors have been too busy making a living to notice their business has changed in the last 10 years, financial advisors heard yesterday at the 83rd Annual Ontario Sales Congress of the Peel Institute of Applied Finance in Toronto. “When I first started, I could have run my business out of my […]
By Jennifer McLaughlin |March 21, 2003
3 min read
(March 20, 2003) After consulting with the financial services industry, the Canadian Securities Institute has decided to scrap the assignment portion of its popular Canadian Securities Course. Students still have to write two exams to complete the course. “After analysis and consultation with the industry, it was determined that the online component’s multi-dimensional learning surpassed […]
By Doug Watt |March 20, 2003
1 min read
(March 20, 2003) As the U.S.-led attack on Iraq kicks into high gear, advisors are faced with nervous clients who are worried about any possible impact on their investments. Stick to the plan and look to history is the main message from several advisors contacted by Advisor.ca and Advisor’s Edge magazine. “I am talking to […]
(March 19, 2003) The Investment Funds Institute of Canada is preparing to organize a conference call on fair value for securities in case of possible market disruptions related to the Iraq conflict. The fair value conference call was last used in the days following the September 11 terror attacks. IFIC began work on the fair […]
By Doug Watt |March 19, 2003
2 min read
(March 18, 2003) With a U.S.-led attack on Iraq now appearing inevitable, experts grappling with the possible economic impact are looking back to the last major conflict in the Middle East. But some analysts say comparisons to the 1991 Gulf War won’t tell the whole story. Unique risks exist today that were not present during […]
By Doug Watt |March 18, 2003
(March 17, 2003) For the first time in nearly a year, Canada’s mutual fund industry enjoyed a positive month in February, with net sales reaching $485 million, the Investment Funds Institute of Canada reported today. But analysts say the respite from weak sales could be short-lived. For January and February, the traditional peak RRSP months, […]
By Doug Watt |March 17, 2003
(March 14, 2003) The Investment Dealers Association of Canada has announced details of its first private client forum on June 21, one day before the official opening of the brokerage industry association’s national conference in St. Andrew’s by-the-Sea, New Brunswick. The one-day event, called “Navigating Your Business Through Uncertain Waters,” aims to help private client […]
By Doug Watt |March 14, 2003
(March 13, 2003) The majority of Canada’s financial advisors believe the country’s central bank will raise interest rates over the next three months, according to a survey conducted by The ADVISOR Group. Three-quarters of those responding to the online poll said they expect higher rates, compared to 52% when the same question was asked last […]
By Doug Watt |March 13, 2003
(March 13, 2003) Maritime Life continues to snap up its former rivals with today’s announcement that it plans to purchase Toronto health insurance firm Liberty Health for $140 million. The Halifax-based insurer says the acquisition will add approximately $700 million worth of premiums, mostly to its group insurance operations. Maritime Life is a subsidiary of […]
(March 12, 2003) Major players in the move to reform Canada’s fragmented securities regulatory system came face to face with the disgruntled mining industry yesterday at the annual convention of the Prospectors & Developers Association of Canada (PDAC) in Toronto. Speaking on a panel organized by PDAC’s securities committee were David Brown, chair of the […]
By Caroline Cakebread |March 12, 2003
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