Industry News

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IIROC steps up market surveillance

The Investment Industry Regulatory Organization of Canada (IIROC) is bolstering its market monitoring capability by introducing a single-window surveillance system for all equity markets in Canada. The Surveillance Technology Enhancement Platform (STEP) gives IIROC the ability to conduct cross-market surveillance and can currently process up to 400 million trades, orders, quotes and cancellation messages per […]

By John Powell |September 29, 2010

1 min read

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Briefly: “RBC caps PH&N High Yield, offers new fund” and more news

RBC Global Asset Management has announced it will close the PH&N High Yield Bond Fund to new investors, and launch the RBC High Yield Bond Fund in its place. The new fund be available for purchase October 12, 2010, and will be managed by Frank Gambino, senior portfolio manager and investment grade and high yield […]

By Staff |September 29, 2010

3 min read

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Returns follow the risks

In half a century, nothing much has changed in asset allocation, except for one thing: risk. Modern asset allocation began with the mean-variance model pioneered by Nobel laureate Harry Markowitz in the 1950s, which illustrates how diversification across relatively uncorrelated assets smoothes returns. Given a set of assets with known co-variances, one can construct an […]

By Scot Blythe |September 28, 2010

4 min read

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Briefly: “Economists: Canada’s economy contracted” and more news

Canada’s economy is braking so rapidly that it likely contracted in July for the first time in almost a year, according to a consensus of economic forecasters. The news may come as a surprise to many Canadians, who are constantly reminded by the government that their economy is among the strongest in the industrialized world. […]

By Staff |September 28, 2010

4 min read

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Newcomers struggling with finances

Recent immigrants to Canada are having a difficult time managing their finances, according to a poll conducted by RBC. Forty percent of respondents are struggling to make sense of their finances and 47% don’t believe they will have enough money make ends meet. It seems newcomers underestimated the cost of living in Canada (41%) and […]

By John Powell |September 27, 2010

2 min read

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Briefly: “S&P launches MegaCap index” and more news

Standard & Poor’s launched its new S&P/TSX MegaCap Index Monday, a large-cap index that highlights the 25 largest, most liquid stocks on the Toronto Stock Exchange. “The index covers over 50% of the market-cap of Canadian listed equities, providing investors with a gauge to measure the performance of this segment of the market,” said Sid […]

By Staff |September 27, 2010

3 min read

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Selling across the generations

American journalist and author Sydney J. Harris said it best. “The two words ‘information’ and ‘communication’ are often used interchangeably, but they signify quite different things. Information is giving out; communication is getting through.” To connect with any client you must understand them as people and pinpoint what’s important to them. Although much time and […]

By John Powell |September 24, 2010

5 min read

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Preston Manning to advisors: No substitute for integrity

BANFF – Financial advisors need to plant their feet on rock-solid ethical standards and avoid the slippery slope of moral relativism or suffer the consequences of lost client trust, this according to the founder, former leader of the Reform Party of Canada, Preston Manning. The good news is, the financial services industry is already ahead […]

By Steven Lamb |September 24, 2010

3 min read

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Planning and Advice

Listen before you leap into social media

Everywhere you turn these days, people are talking about social media, and rightly so. Social media tools are maturing, demographics are changing and the way that people network and build reputation is evolving. Should you set up a Facebook page? Should you Twitter? What about blogging? What would you blog about? How much time is […]

By Jay Palter |September 24, 2010

2 min read

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IAFP Symposium: Blended families complicate planning

BANFF – The financial services industry is rife with legal pitfalls stemming from potential conflicts of interest, but not all of these involve the interests of the advisor. There is a very real possibility the conflict you face could be between two clients, as a marriage falls apart. The good news is that there is […]

By Steven Lamb |September 24, 2010

3 min read

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