Industry News

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Securities industry tumbles in Q3: IIAC

Everyone knew it was coming, but now it’s official — earnings and revenue growth for the securities industry was down significantly in Q3. The Investment Industry Association of Canada published its third quarter results on the securities industry’s performance and found that a number of revenue lines saw double-digit percentage losses. Overall, the industry was […]

By Bryan Borzykowski |December 7, 2007

3 min read

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(December 6, 2007) The IDA has found Robert William Boswell guilty on four counts of violating bylaw 29.1 and one count of violating bylaw 19.5. The charges stem from unauthorized trades made by Boswell while he was an approved person at the Calgary branches of Research Capital Corporation and subsequently Jennings Capital Inc. Boswell apparently […]

By Staff |December 6, 2007

2 min read

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Clients want more from their advisors

Just offering investment advice to your affluent clients doesn’t cut it anymore. These days, wealthy Canadians want their advisors to help them with everything from picking the right stocks to succession planning. Peter Watson, president of Oakville-based Peter Watson Investments, discovered as much after surveying 34 accountants and lawyers about what type of planning clients […]

By Bryan Borzykowski |December 6, 2007

3 min read

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Dodge expects credit problems to persist

The Bank of Canada believes the risks to the Canadian economy have increased over the past couple of months because of continued problems with global credit markets and the volatile Canadian dollar. In what was in all likelihood his last public appearance in front of the Standing Senate Committee on Banking, Trade and Commerce before […]

By Mark Noble |December 6, 2007

3 min read

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(December 5, 2007) The IDA has expelled Graydon Elliott Capital Corporation from the industry, following a suspension that was imposed in February 2007. The IDA hearing panel found that Graydon had “failed to meet IDA minimum capital requirements from January 1 to February 26, 2007; provided inaccurate, misleading and contradictory information concerning its financial and […]

By Staff |December 5, 2007

3 min read

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Planning with proverbs

Breaking down financial concepts so they are easily understood is often the hallmark of successful advisors. For clients with a limited command of the English language, this can be difficult. A finance professor recognized for outstanding teaching recommends using proverbs as a way to bridge the communication gap. Ernest Biktimirov, an associate professor of finance […]

By Mark Noble |December 5, 2007

4 min read

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(December 4, 2007) It was probably the most unpredictable policy meeting of the year, but in the end the Bank of Canada decided to lower its overnight rate by 25 basis points to 4.25%. Up until this morning, economists across the country were divided on whether or not the BoC would cut rates now or […]

By Staff |December 4, 2007

2 min read

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Canadian equity funds beaten up in November

Mutual funds that invest in Canadian equities, particularly those that focus on the resource sectors, had terrible returns in November, according to performance data released by Morningstar Canada. Morningstar says the S&P/TSX Composite Index posted its worst one-month performance since the trough of the post-dot.com bear market more than five years ago. All domestically focused […]

By Mark Noble |December 4, 2007

4 min read

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Fund sales slow in November

Tough market conditions appear to have cut into mutual fund sales in November, as the industry managed to only pull in between $1.56 billion and $2.06 billion in fresh capital, according to the preliminary estimates by IFIC. “Early indications are that money market sales were particularly strong in November. This was due to two trends […]

By Steven Lamb |December 4, 2007

2 min read

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(December 3, 2007) Industrial Alliance Insurance and Financial Services announced Monday the launch of Ecoflextra, a retirement product that offers protection and growth features. Ecoflextra is a type of guaranteed minimum withdrawal product that provides a retirement income guaranteed for life while allowing clients to profit fully from all the growth potential of the market. […]

By Staff |December 3, 2007

5 min read

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