Industry News

Briefly: “IIAC calls on G-20 for open trade, investment” and more news

The IIAC has issued a joint statement with its American counterpart, the Securities Industry and Financial Markets Association, calling for world leaders to resist protectionist temptation and keep the global market for trade and investment open. “Where new regulatory actions are deemed necessary at the national or international level, they should be crafted to guard […]

By Staff |March 13, 2009

3 min read

Industry

Briefly: “First Asset to buy Criterion” and more news

VenGrowth Asset Management has announced the sale of its mutual fund operation, Criterion Investments, to First Asset Capital. “Criterion is an innovative company that VenGrowth has nurtured over the past few years and we trust it will blossom within First Asset,” said Mike Cohen, managing general partner of VenGrowth. “This transaction allows VenGrowth to dedicate […]

By Staff |March 12, 2009

1 min read

Industry

RRSP season fares better than expected

It was supposed to be a disastrous RRSP season, but results from a study conducted by Investors Group suggest while not great, RRSP contributions weren’t too far off from last year. Investors Group’s third annual RRSP exit poll of more than 1,000 Canadian adults, reveals a decline of six percentage points in the number who […]

By Mark Noble |March 11, 2009

5 min read

Industry

Briefly: “IIROC suspends Credifinance membership” and more news

The Investment Industry Regulatory Organization of Canada has suspended the membership of Credifinance Securities Limited, following a March 6 hearing. Under the suspension, Credifinance must immediately cease dealing with the public, and must comply with IIROC Rule 600, which covers suspended members. The regulatory body has also ordered Credifinance to pay staff costs associated with […]

By Staff |March 11, 2009

1 min read