Industry News

Decorative pattern

The week in review: September 2-5, 2008

Welcome to the weekly roundup of news affecting you, as covered by Advisor.ca and our sister publication, Objectif Conseiller. Read this section every week to catch up on the news you missed, or click here and subscribe to the week in review to get regular updates sent to your in-box or blackberry. In the news […]

By Kate McCaffery |September 9, 2008

5 min read

Decorative pattern

Briefly:

(September 9, 2008) TMX Group has named Kevan Cowan as president, TSX Markets, and group head of equities. Cowan is already president of TSX Venture Exchange, a role he will maintain. “We are delighted to announce today that Kevan will be spearheading the continued growth and development of Canada’s two national equity exchanges,” said Thomas […]

By Staff |September 9, 2008

2 min read

Decorative pattern

CI rumoured to sell Blackmont for stake in Canaccord

It was just three weeks ago that the financial industry was abuzz at the possibility of CI buying Scotiabank’s mutual fund operation, and now the Toronto-based fund manager is stirring things up again. Rumours are running rampant that CI Investments is set to sell Blackmont Capital, its investment banking division, to Canaccord Capital for a […]

By Bryan Borzykowski |September 9, 2008

3 min read

Decorative pattern

Briefly:

The proposal of the Investment Industry Regulatory Organization of Canada (IIROC) to define and regulate the term “financial planning” has been met with stiff opposition from Advocis. The biggest problem Advocis has with the proposal is that it alters the relationship of dealers and advisors, by requiring the dealer to supervise all planning activities. At […]

By Staff |September 8, 2008

2 min read

Decorative pattern

Industry profits take a hit in Q2

The violent mood swings of the equities market, coupled with fears of further crumbling in the global financial industry, cut into the profits of the securities industry in the second quarter, according to the Investment Industry Association of Canada (IIAC). Industry operating profits declined 10% from Q1, to $1.1 billion, but the year-over-year fall-off was […]

By Steven Lamb |September 8, 2008

2 min read

Decorative pattern

Manulife names Guloien as next CEO

The board of Manulife Financial has announced the successor for Dominic D’Alessandro, the outgoing CEO of the country’s largest insurer. Taking the helm as the next president and CEO will be Donald A. Guloien, effective May 7, 2009. “Donald is ideally suited for this role,” said Arthur Sawchuk, chair of the board of directors. “He […]

By Steven Lamb |September 8, 2008

1 min read

Decorative pattern

Can Canada’s politicians save slowing economy?

The race for a new prime minister is on, and, as in the U.S., there’s a good chance Canada’s slowing economy could be the issue driving the campaigns. However, whatever the party bigwigs say, it’s unlikely anything they promise will affect our country’s fortunes. “Our near-term prospects are largely driven by what happens in the […]

By Staff |September 8, 2008

2 min read

Decorative pattern

Briefly:

(September 5, 2008) The financial services industry raised $45,000 at a sold-out dinner last night for Amani Children’s Home, a charity that helps street kids and AIDS orphans in Tanzania. Two hundred industry bigwigs attended last night’s dinner held at the National Club, including Earl Bederman of Investor Economics, David Feather of Mackenzie Financial and […]

By Staff |September 5, 2008

4 min read

Decorative pattern

Regulators survey investors on rule development

Four of the nation’s largest regulators announced on Thursday that they are seeking direct input from retail investors on the topic of investment product suitability. It’s an unprecedented move, and one the head of the Investment Industry Regulatory Organization of Canada (IIROC) hopes will yield valuable feedback that can be used as the basis for […]

By Mark Noble |September 5, 2008

3 min read

Decorative pattern

Briefly:

(September 4, 2008) AGF Funds has launched a new online program designed to assist advisors in managing risk for their clients. The company has teamed up with Stephen Gresham to develop Changing Risk. The website is the latest part of AGF’s Sound Choices Program, and provides advisors with articles, tools and templates, focusing on day-to-day […]

By Staff |September 4, 2008

2 min read

← Previous 1 … 1,817 1,818 1,819 1,820 1,821 … 2,188 Next →