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Fidelity Clearing Canada has inked a deal to provide comprehensive back-office support, including securities execution and clearing, for Euro Pacific Canada, a newly-established full service IIROC-registered brokerage based in Toronto. “Increasingly, broker-dealers are looking for the resources and scale of a global organization, such as Fidelity, along with the in-country expertise,” said William Henderson, CEO […]
By Staff |February 23, 2011
1 min read
As one of Canada’s best savings programs and biggest tax breaks, the Registered Retirement Savings Plan (RRSP) should be wildly popular. However, Canadians are not taking full advantage of them. Year after year, over 90% of taxpayers eligible to make RRSP contributions fail to make the maximum contribution, leaving unused contribution room on the table.
By Michael Callahan |February 23, 2011
7 min read
PlanPlus and Arius Software have announced the completion of initial integration between their respective service offerings for advisors. The integration of PlanPlus’s investment and financial planning software and Arius’s account opening software allows advisors to generate investment proposals in PlanPlus, then, once the client has approved, move directly into execution through automated account opening in […]
BetaPro Management has launched the Horizons GMP Junior Oil and Gas Index ETF, which offers exposure to an index of Canadian-based junior energy production companies. As the name suggests, the index was developed by GMP Securities. The ETF seeks to replicate, to the extent possible, the performance of the GMP Junior Oil and Gas Index, […]
An overwhelming majority of Canadians say they want a program that makes it easier for employers to offer a pension plan, according to a Research House survey commissioned by the Canadian Life and Health Insurance Association (CLHIA). The results show 90% of Canadians support the federal government’s proposal to improve employer access to pension plans […]
By Staff |February 22, 2011
2 min read
North American advisors have enjoyed a substantial bounce back from the recession, with both asset levels and production reaching new highs by the end of 2010, according to a report from PriceMetrix. “The general health of the retail wealth management industry is improving. In many areas it has recovered from the downturn of 2008/2009 to […]
By Steven Lamb |February 22, 2011
The Desjardins Financial takeover of Western Financial Group has hit a small snag, with one long-term fixed income holder recommending that others not sell their preferred shares. Crystalline Management Inc., portfolio manager of the Amethyst Arbitrage Fund, says it agrees that the offer made for common shares is fair, but suggests there are better alternatives […]
Increased optimism in Canada’s oil and gas sector means the number of IPOs and corporate transactions are expected to rise this year, according to Ernst & Young. This increased activity comes after a relatively slow 2010 that saw fewer but larger deals than 2009, with the value of transactions up 67% from 2009 at $35.7 […]
By Melissa Shin |February 22, 2011
Macquarie Emerging Markets Infrastructure Income Fund has completed its initial public offering.
By Vikram Barhat |February 18, 2011
Lobbying effort against the proposed national watchdog gets stronger as four provinces are now officially joining Québec and Alberta in opposing the federal government's plan.
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