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Investors can expect North American stock markets to rise for the third consecutive year in 2011, according to TD Waterhouse’s Investment Outlook. The U.S. equity indices will lead, with low double-digit returns, while the primary Canadian index should post high single-digit returns. Acknowledging that macroeconomic issues will continue, chief portfolio strategist Bob Gorman says: “In […]
By Steven Lamb |November 29, 2010
2 min read
For traders, the May 6 flash crash was the highpoint of a two or three year-period that has seen stocks become increasingly volatile. The mid-2000s, as well as the mid-1990s, were comparatively low-volatility regimes. “The flash crash happened. It was one event. Could it happen again?” asks Bob Schwartz. “Sure it could. Does it happen […]
By Scot Blythe |November 29, 2010
4 min read
The Investment Industry Association of Canada (IIAC) has announced the launch of the 2010 IIAC Future Leader Scholarship Award competition. Nominations will be accepted from November 29, 2010 to January 31, 2011. “The IIAC Future Leader Scholarship Award recognizes an employee from one of our member firms,” said Ian Russell, president and CEO, IIAC. “The […]
By Staff |November 29, 2010
6 min read
An assortment of media reports tell us this weekend’s Grey Cup will be the scene of some off-field maneuvering in the securities regulation game. Alberta Premier Ed Stelmach is reportedly planning to broach the subject of a western securities commission while hosting his opposite number from Saskatchewan, Brad Wall. The rumours also suggest that Manitoba […]
By Steven Lamb |November 26, 2010
Earlier this week, Calgary made headlines as recording the second coldest temperature on the face of the earth, second only to a weather station at the South Pole. Is it any wonder that many Canadians are casting a wistful eye toward the sunny southern states? Canadians already own $50 billion worth of Florida property, having […]
By Vikram Barhat |November 26, 2010
5 min read
A Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC) has scheduled a hearing to determine the appropriate penalty in the matter of Dale Richard Wells. This hearing follows the panel’s decision dated October 27, 2010, which found that Mr. Wells conducted his business in a manner contrary to IIROC rules by providing […]
By Staff |November 26, 2010
I was asked by your editors to write to you this morning on the ostensible subject of how advisors may compellingly communicate the value of their advice to clients and prospects. And I’ll be delighted to do so in just a short while – as soon as we deal with the inconvenient truth that this […]
By Nick Murray |November 25, 2010
Réal Ouimet, the former chief of the Bromont Police Department who lost $ 310,000 in Norbourg, officially launched his effort this morning to bring a class action against the Caisse de dépôt et placement du Québec, on behalf of the approximately 9,200 victims of Vincent Lacroix. The Superior Court heard his request to authorize a […]
By Claude Couillard |November 25, 2010
The social media train is coming. And it’s coming fast. Firms and individuals need to get on this train, or they risk their business being derailed. “Public really is the new private” was the message Lisa Langley, president, International Product & Service Group (IPSG), put out at the Distinguished Advisor Conference 2010 in Orlando, Florida. […]
By Vikram Barhat |November 25, 2010
Scotiabank Group has rolled out three new individual term life insurance products, which will be available at its ScotiaLife Financial Insurance Centres. In addition, it announced the opening of its second retail ScotiaLife Financial Insurance Centre, located in downtown Toronto. The term life offering marks the first individual life insurance products available through ScotiaLife Financial. […]
By Staff |November 25, 2010
3 min read
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