Industry News

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(March 27, 2008) Practice makes perfect — or so Canadians seem to think when it comes to spending. A survey released by Bank of Montreal found that 93% consider themselves to be “smart spenders,” and 26% went so far as to say they are “very disciplined.” Then again, 78% of survey respondents had debts beyond […]

By Staff |March 27, 2008

1 min read

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Ontario ponies up millions for financial education

While Tuesday’s Ontario budget announcement might have been a lackluster affair, provincial finance minister Dwight Duncan had folks in the financial industry cheering the next day. A new initiative announced separately from the budget will allocate $4 million over three years to create a Centre of Excellence for Education in Financial Services. The centre is […]

By Bryan Borzykowski |March 27, 2008

3 min read

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On The Shelf: BMO seeks fund merger

(March 26, 2008) BMO Investments is seeking unitholder approval for the merger of BMO U.S. Equity Class and BMO Global Dividend Class, saying the move would provide greater diversification for holders of the U.S. portfolio. The merged fund would follow the investment objective of the Global Dividend Class, which is stated as being “to achieve […]

By Staff |March 26, 2008

1 min read

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By The Book: IDA reinstates Stefaniuk

(March 26, 2008) The IDA has reinstated the registration of Gerald Danny Stefaniuk, who was suspended in an expedited hearing on March 4, 2008. As a condition of his reinstatement, Stefaniuk will be subject to strict supervision for an indefinite period. His current firm is First Canada Capital Partners Inc. in Vancouver. Expedited hearings may […]

By Staff |March 26, 2008

1 min read

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(March 26, 2008) The International Organization of Securities Commissions (IOSCO) is calling for changes in the code of conduct governing credit rating agencies. The global body is seeking comment on a paper published Wednesday entitled The Role of Credit Rating Agencies in Structured Finance Markets. “These changes are required in order to ensure that investors […]

By Staff |March 26, 2008

3 min read

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Ontario budget elicits

The Ontario government unveiled the province’s 2008 budget on Tuesday, promising to boost education and skills training, while declining to follow the advice of federal finance minister Jim Flaherty, who called for corporate tax cuts. So far, response to the budget has been measured, with words like cautious, modest and careful being tossed around. “The […]

By Bryan Borzykowski |March 26, 2008

4 min read

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Burned investors willing to work with committee

One of the major hurdles in front of a large group of retail investors who have their money frozen in non-bank asset-backed commercial paper has been passed — they have found a firm that can help them navigate the complex legal web weaved by the ABCP restructuring committee. They are not yet planning to sue […]

By Mark Noble |March 26, 2008

4 min read

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(March 25, 2008) The Financial Analysts Journal has handed out its prestigious Graham and Dodd Award to Nobel Prize winner in economic sciences William F. Sharpe. The prize is awarded for excellence in research and financial writing — Sharpe won the award for his article “Expected Utility Asset Allocation,” which appeared in the FAJ’s September/October […]

By Staff |March 25, 2008

4 min read

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Emerging markets will dominate long-term growth: Study

The so-called “E7” economies, which include the BRIC nations of Brazil, Russia, India and China, along with Indonesia, Mexico and Turkey, will have the most consistently high growth rates between now and 2050, a new study by PricewaterhouseCoopers concludes. The study, entitled The World in 2050: Beyond the BRICs: A broader look at emerging market […]

By Mark Noble |March 25, 2008

4 min read

Decorative pattern

Emerging markets will dominate long-term growth: Study

The so-called “E7” economies, which include the BRIC nations of Brazil, Russia, India and China, along with Indonesia, Mexico and Turkey, will have the most consistently high growth rates between now and 2050, a new study by PricewaterhouseCoopers concludes. The study, entitled The World in 2050: Beyond the BRICs: A broader look at emerging market […]

By Mark Noble |March 25, 2008

4 min read

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