Industry News

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Small caregiver credit, minor perks for seniors

A family caregiver tax credit of up to $300, a Guaranteed Income Supplement top-up of $50 a month for singles and $70 a month for couples, and elimination of the mandatory retirement age for federally regulated employees are not enough to improve the quality of life and increase opportunities for Canadian seniors.

By Vikram Barhat |March 22, 2011

4 min read

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Budget 2011: A client letter

Show clients you’re proactive by sending them this customizable letter about the Federal Budget. Dear [Client/Prospect name], As you know, Finance Minister Jim Flaherty delivered his federal budget on March 22 in Ottawa. This budget has several items that could affect your financial plan or present additional opportunities. In case you haven’t had a chance […]

By Philip Porado |March 22, 2011

2 min read

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Sun Life’s Hudon praises Quebec’s VRSP

In a speech to the Canadian Club of Montreal, the president of Sun Life Financial in Québec, Isabelle Hudon, said she is highly optimistic about the financial future of Québeckers following recent decisions by the Government of Québec to establish new voluntary retirement savings plans. In particular, she welcomed the addition of an automatic enrollment […]

By Alexandre Daudelin |March 22, 2011

2 min read

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Raymond James names private client strategist

Raymond James Ltd. has announced the hiring of Andy MacLean as the firm’s new Private Client Strategist for Canada, effective April 1, 2011. “Andy is a talented professional who will enhance our ability to better serve our financial advisors and their clients by delivering actionable investment ideas, market commentary and portfolio solutions,” says Terry Hetherington, […]

By Staff |March 22, 2011

1 min read

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Toronto cracks top ten financial centres list

Canada’s financial capital has made it onto the top ten list of global financial centres for the first time, rising two spots on the Global Financial Centres Index (GFCI) since last fall. The list, compiled by London-based Z-Yen ranked Toronto as number 10 on the list, tied with Sydney, Australia. The top spot went to […]

By Staff |March 22, 2011

1 min read

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MFDA issues reasons in three cases

In the matter of Luigi Ciardullo A hearing panel of the Central Regional Council of the MFDA has issued its reasons for decision in connection with the settlement hearing held in Toronto, Ontario on November 26, 2010 in the matter of Luigi Francesco Ciardullo. Read a copy of the hearing panel’s reasons for decision. In […]

By Staff |March 22, 2011

1 min read

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IIROC settles with Todd William Stefiuk

A hearing panel of the Investment Industry Regulatory Organization of Canada (IIROC) has accepted a settlement agreement, with sanctions, between IIROC staff and Todd William Stefiuk. In the agreement, Mr. Stefiuk admits his failure to disclose certain outside business activities to his firm and his involvement with clients in what is called an off-book investment […]

By Staff |March 22, 2011

1 min read

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Helping HNW clients at tax time

“Courteous reader”, Benjamin Franklin wrote in his 1758 book, Way to Wealth, “Get what you can and what you get, hold. ‘Tis the stone that will turn all your lead into gold.” Wealthy Canadians usually have themselves well fortified against Canada Revenue Agency’s attempts to turn their gold back into lead at tax time, but […]

By Brenda Craig |March 21, 2011

4 min read

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Mercer expands responsible investment unit

Mercer has announced an expansion in its global responsible investment consulting business, naming Richard Fuller and Ryan Pollice to the team. Dr. Fuller will be based in Melbourne, Australia, overseeing the firm’s client relationships in Sydney and Melbourne and intellectual capital development across the Asia Pacific region. He joins Mercer from HESTA Super Fund, where […]

By Staff |March 21, 2011

1 min read

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Economic Indicators

Canada surefooted in wobbly world

Having turned the corner in 2010, Canada’s economy continues to inspire a positive outlook despite some uncertainties, according to the latest Economic and Financial Outlook by Desjardins Economic Studies. The study, released this morning, said the outlook for Canada’s economy is overall optimistic. The main sources of this sanguinity are the S&P/TSX, which has outperformed […]

By Vikram Barhat |March 21, 2011

4 min read

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