Industry News

Is corporate Canada too cautious?

In the wake of the Great Recession, Canada was repeatedly lauded for its conservative financial system, which allowed the economy to glide through the downturn relatively unscathed. But is our conservative corporate culture an impediment to economic activity? An expert panel at the recent EuroMoney Canada Forum shared its outlook for corporate Canada in the […]

By Vikram Barhat |April 25, 2011

3 min read

Industry

Emerging markets battle inflation

After briefly losing some investment inflows to developed markets, especially the U.S., emerging markets have pulled back the pendulum of inventor mood with measures to rein in inflation. The first quarter of 2011 saw about $18.6 billion leave emerging market equity funds, about the same as gained by the U.S.-dedicated equity funds during the period, […]

By Vikram Barhat |April 25, 2011

3 min read

Industry

MFDA settles with Gillian Gibson-Sargeant

A settlement hearing in the matter of Gillian Ann Gibson-Sargeant was held today in Toronto, Ontario before a hearing panel of the MFDA’s Central Regional Council. The hearing panel accepted the settlement agreement between MFDA staff and the respondent, as a consequence of which the respondent has been permanently prohibited from conducting securities related business […]

By Staff |April 21, 2011

1 min read

Industry

Dollars & Sense Survey

For this year’s Dollars & Sense special report, we’re doing more than top-line analysis of the survey data. We always have more data than we can use, and this year we decided to comb through the deeper layers of the statistical onion in search of anomalies and patterns that shed light on some of the sticky issues client-facing advisors either already face on a day-to-day basis, or likely will face sooner or later.

By Staff |April 21, 2011

4 min read

ATS make slight gains as TMX market share slips

The growth of alternative trading systems is eating into the market share of traditional Canadian stock exchanges, but it may be a little early to sound the death knell of the TMX Group. The combined value of trades placed on the Toronto Stock Exchange and the TSX Venture Exchange fell from 68.6% in Q2 2010, […]

By Staff |April 20, 2011

2 min read

Coleman named EVP of XN Financial

XN Financial has named Paul Coleman as executive vice-president, based in Montreal. Coleman has been senior vice-president at XN since 2007, providing strategic and tactical guidance for the organization, including oversight and development of the Canadian, European and UK markets. “Elevating Paul Coleman’s skill set to XN Financial EVP will allow XN Financial to solidify […]

By Staff |April 20, 2011

1 min read

Bethlenfalvy joins Manulife

Manulife Financial has announced Peter Bethlenfalvy has joined the company as senior vice-president, financial regulations. He will be responsible for strategy and monitoring of financial regulatory systems throughout the world. “We are delighted to have Peter join Manulife,” said Michael W. Bell, senior executive vice-president and CFO. “His global financial expertise and strong capital and […]

By Staff |April 20, 2011

1 min read

Two sentenced for breaching trade order

An Ontario Provincial Court has sentenced Danny De Melo and Steven Hill to 90 days in jail for violating the terms of an Ontario Securities Commission cease trade order. They also face one year of probation and were also ordered to make restitution totalling $993,089.67 to 22 Ontario investors.

By Staff |April 19, 2011

1 min read

S&P warns on U.S. debt

The showdown in Washington over the U.S. national debt has prompted Standard & Poor’s to adjust its rating on U.S. Treasuries. While the U.S. still enjoys a AAA rating, S&P warned that there is a one in three chance that it will downgrade the country in the next two years. “Because the U.S. has, relative […]

2 min read