Industry News

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Industry

Investor advocates disappointed with POS risk disclosure

The latest proposed changes to the Canadian Securities Administrators’ (CSA) point-of-sale (POS) disclosure rules — national instrument 81-101 — further diminish, rather than enhance, the usefulness of POS documents, an investor advocate group argues. NI 81-101 is directly aimed at advisors who sell mutual funds. Under the new rule, advisors would be required to provide […]

By Mark Noble |August 26, 2009

4 min read

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Industry

Briefly:

The deputy governor of the Bank of Canada has hinted that the central bank could resort to quantitative easing — essentially printing money — as a means of holding the rising Canadian dollar in check. In a speech to the Canadian Association for Business Economics today, Deputy Governor Timothy Lane said that the rising loonie […]

By Staff |August 25, 2009

4 min read

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Industry

ETF firm raises concerns on U.S. commodity rules

It’s widely expected that the U.S. Commodity Trading Futures Commission (CTFC) will impose speculative limits on energy positions. The move could have a drastic impact on commodity exchange-traded funds (ETFs), the CEO of a Canadian-based ETF firm says. The CTFC wants to stamp out rampant speculation in the energy market. There is a widespread argument […]

By Mark Noble |August 25, 2009

3 min read

Decorative pattern

Industry

Briefly:

Oil and gas industry executives seem much more bullish about the economic outlook than their counterparts in other sectors, according to an Ernst & Young survey. The survey indicates that nearly half of respondents believe their businesses have been less severely impacted by the economic downturn than other sectors. A similar number actually reported improvements […]

By Staff |August 24, 2009

3 min read