Industry News

Decorative pattern

Briefly: TSX and MX complete merger

(May 1, 2008) It’s a done deal — the TSX Group and the Montreal Exchange officially created the TMX Group on Thursday. “We are pleased to have completed this transaction,” says Michael Ptasznik, interim co-CEO of TMX Group. “Our new company will redefine the Canadian capital markets and strengthen its global positioning.” Luc Bertrand, president […]

By Staff |May 1, 2008

1 min read

Decorative pattern

Food shortages require action, says Coxe

In the past few quarters, farmers haven’t been feeding only cities; they’ve been feeding returns in the portfolios of investors, as agricultural commodities have soared. While this is great if you are well positioned, some macro-level economists, such as Donald Coxe, are worried that hedging your investments is not enough against the looming food crisis. […]

By Romana King |May 1, 2008

4 min read

Decorative pattern

By The Book:

(April 30, 2008) A British Columbia Securities Commission panel has found that a Vancouver businessman, now deceased, perpetrated a fraud when he made misrepresentations to investors, sold them promissory notes that offered 100% returns, and took investor funds for his own use. The commission panel found that Laurence Michael Schlosser, who died in December 2007, […]

By Staff |April 30, 2008

1 min read

Decorative pattern

Briefly:

(April 30, 2008) BMO Financial Group has established a national study institute aimed at providing Canadian boomers with research on trends that will have a direct impact on their retirement. The BMO Retirement Institute will analyze issues such as caregiving, managing health, and the challenges of living retirement as a single person. As part of […]

By Staff |April 30, 2008

5 min read

Decorative pattern

Storm clouds over Canada

When asked if the North American markets have hit bottom, nearly two-thirds (61%) of the 845 CFAs polled said “no” while only 17% thought the worst has already passed. CFA-holder Ian Robertson, a director and portfolio manager with Odlum Brown, says the poll reflects a general uncertainty about the level of damage to U.S. financial […]

By Mark Noble |April 30, 2008

3 min read

Decorative pattern

Briefly:

(April 29, 2008) Quebec’s Autorité des marchés financiers has approved the market rules proposed by the Montréal Exchange, which would govern the trading of carbon emission futures contracts on the soon-to-be launched Montréal Climate Exchange. “It is a milestone for us in creating the leading public market for environmental products in Canada,” said Luc Bertrand, […]

By Staff |April 29, 2008

2 min read

Decorative pattern

CI carriers streamline definitions

Comparing critical illness insurance policies just got a lot easier. At least, that’s the view of leading carriers, who hope to expand the product’s uptake by advisors. As of April 29, 2008, the 26 definitions currently in use in the Canadian market are now easier to understand and more clear and concise for both the […]

By Romana King |April 29, 2008

3 min read

Decorative pattern

Many advisors fail in underwriting

There’s almost nothing more frustrating than waiting for an insurance application to be approved or denied, but don’t blame the underwriter for the sluggish progress. In fact, if anyone’s slowing down the process, it’s the advisor. Shelina Esmail, head of living benefits and chief underwriter with Canada Life, told a crowd of advisors at the […]

By Bryan Borzykowski |April 29, 2008

4 min read

Decorative pattern

On The Shelf:

(April 28, 2008) AGF is giving investors and advisors new options in its All World Tax Advantage Group, adding three corporate class funds — the AGF Canadian Stock Class, AGF Emerging Markets Class and AGF Canadian Large Cap Dividend Class — to the group. The new funds will have the same investment objectives as their […]

By Staff |April 28, 2008

2 min read

Decorative pattern

Briefly:

(April 28, 2008) The Office of the Superintendent of Financial Institutions penned a letter late last week to the financial community relating to the new international financial reporting standards (IFRS). In it, OSFI addressed three points specifically meant for federally-regulated financial institutions (FRFIs). OSFI says FRFIs are considered publicly accountable enterprises and, therefore, must adopt […]

By Staff |April 28, 2008

2 min read

← Previous 1 … 1,847 1,848 1,849 1,850 1,851 … 2,188 Next →