Industry News

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Japan exposure limited: Manulife

Reader Alert: What do you think is the overall impact of the crisis in Japan? Vote in our poll here. The cascading crises in Japan will have a limited impact on Manulife Financial, the company says, estimating its property & casualty reinsurance claims will total about $150 million after-tax “Manulife, along with our employees, will […]

By Staff |March 15, 2011

1 min read

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Omega to offer U.S. securities

Omega ATS has announced that its subscribers will be able to trade US securities, quoted in Canadian dollars, on its platform effective April 1, 2011. The first tranche of securities will include Bank of America, Google, Microsoft and several ETFs that trade on the NYSE, NASDAQ and AMEX. “Bringing U.S. securities onto the venue shines […]

By Staff |March 15, 2011

1 min read

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Economic Indicators

Quake impact will be severe, but short-lived

Reader Alert: What do you think is the overall impact of the crisis in Japan? Vote in our poll here. The earthquake and tsunami that hit Japan on Friday, March 4 have shaken global equity markets, as uncontrolled nuclear reactors sent indices lower on Tuesday. Investors are now struggling to determine what the long-term impact […]

By Steven Lamb |March 15, 2011

3 min read

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Global insurance industry feels Japan tremors

The Canadian insurance industry is closely watching events unfolding in the wake of Friday’s earthquake and tsunami in Japan that caused colossal damage to life and property. Global reinsurance giant Swiss Re said in a statement Monday that the company is still evaluating its exposure. Earthquake shock and tsunami coverage for residential insurance policies is […]

By Vikram Barhat |March 14, 2011

2 min read

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Estate Planning

Business owners need succession help

Small and medium-sized business owners can make great clients. Their net worth is usually higher than average and their complex needs allow the advisor to demonstrate their expertise in tax and estate planning. If there is one area that needs special attention, however, it is succession planning. Nearly half of Canadian family business owners have […]

By Steven Lamb |March 14, 2011

3 min read

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MFDA accepts settlement with Pan Chen

A settlement hearing in the matter of Pan Chen was held today in Vancouver, British Columbia before a hearing panel of the MFDA’s Pacific Regional Council. The Hearing Panel accepted the settlement agreement between MFDA staff and the respondent, as a consequence of which the respondent: In the settlement agreement, the respondent admitted that between […]

By Staff |March 14, 2011

1 min read

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NexGen seeks fund mergers

NexGen Financial is seeking unitholder ad regulatory approvals for several fund mergers which would elimate six funds. The proposals include: Securityholder approval will be sought at special meetings to be held on March 29, 2011 for the Registered Funds and on March 30, 2011 for the Tax Managed Funds. If approvals are obtained, the mergers […]

By Staff |March 14, 2011

1 min read

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Market Insights

Japanese quake may boost commodities

Natural calamities like the earthquake and the resultant tsunami in Japan may bring untold misery in their wake, but commodity investors may reap the benefit of reconstruction efforts. As the reports of devastation started pouring in, the metals and minerals stocks on the TSX reacted by gaining 2.5%. The TSX’s reaction begs the question: are […]

By Vikram Barhat |March 11, 2011

2 min read

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MFDA accepts settlement with Lambros

A settlement hearing in the matter of Mary Lorelei Lambros was held on March 7, 2011 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 paid a $40,000 fine; […]

By Staff |March 10, 2011

3 min read

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OBSI cases set record in 2010

The banking and investment industry set a dubious record in 2010, as review by the Ombudsman for Banking Services and Investments topped 1,000 for the first time its OBSI’s 15-year history. “The fact that complaints have reached another new high demonstrates yet again that financial sector consumers need and deserve an impartial and effective alternative […]

By Staff |March 10, 2011

1 min read

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