Industry News

Briefly:

(November 12, 2007) The Bank of Canada should ignore the demands of politicians and hold the line on interest rates, according to a leading economist. “While the [Canadian dollar] rally may have gone too far too fast, the current trade balance, a surplus of $2.6 billion in September, would be the envy of some countries,” […]

By Staff |November 12, 2007

2 min read

ICPMs misleading clients: OSC

Don’t believe everything you read, especially when it comes to marketing materials from investment counsel/portfolio managers (ICPM). A new OSC staff notice reveals that ICPMs’ marketing practices have “increasingly become an area of concern” with an “increasing number of deficiencies.” “The information is lacking clarity, so it can be perceived that it is something that […]

By Bryan Borzykowski |November 12, 2007

4 min read

Dollars & Sense: Clients happy, but confused

Canadian advisors can take pride in the satisfaction they give their clients, but on the topic of compensation, there is still a gulf between client perception and reality, according to the Sixth Annual Dollars & Sense Survey, conducted for the ADVISOR Group. On average, survey respondents served 374 clients, representing 277 client households. Almost half […]

By Steven Lamb |November 12, 2007

3 min read

Briefly:

(November 9, 2007) American consumer confidence took a nosedive at the beginning of this month, hitting its lowest point in two years, according to the latest reading of the RBC Consumer Attitudes and Spending by Household (CASH) Index. Not surprisingly, the culprits in driving sentiment down are rising oil prices and falling home values. “This […]

By Staff |November 9, 2007

4 min read