Industry News

Decorative pattern

Stay in stocks, Rubin says

Recent market jitters will soon pass, allowing the S&P/TSX Composite to continue its trek toward 15,000 by the end of 2007, according to the monthly market update from one of Bay Street’s most vocal bulls. “The global economic outlook has seldom been brighter, bringing strong support to energy and most commodity markets,” writes CIBC World […]

By Steven Lamb |July 5, 2007

2 min read

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Actuaries get easier access to CFP designation

Ambitious actuaries got some good news on Thursday — they’re free to take the CFP exam without enrolling in any additional courses. The FCIA (Fellow of Canadian Institute of Actuaries) designation now meets requirements for the Financial Planners Standards Council’s Approved Prior Credential policy. The plan to list actuaries in the FPSC’s APC policy was […]

By Bryan Borzykowski |July 5, 2007

2 min read

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Briefly:

(July 4, 2007) It seems reckless sub-prime mortgage lending is not isolated to the United States. Britain’s Financial Services Authority has taken enforcement action against five firms over the behaviour of intermediaries and lenders that service consumers with impaired credit histories. The FSA reviewed 11 lender firms, representing more than 50% of the sub-prime market […]

By Staff |July 4, 2007

5 min read

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Fund returns vary widely in Q2

Staying home turned out to be an all-right strategy for Canadian investors in the second quarter of 2007, but venturing into emerging markets was also worth the trip, according to fund performance data compiled by Morningstar Canada. Investing in the rest of the industrialized world, however, would have been a little disappointing. Investors were rewarded […]

By Steven Lamb |July 4, 2007

4 min read

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Flaherty shortens income trust filing deadline

Income trust investors will have an easier time filing their annual tax return, thanks to a new federal government draft amendment. Jim Flaherty, Canada’s minister of finance, announced Wednesday that income trusts would have 60 days — as opposed to 90 — to disclose information relating to distributions and allocations of income and capital. Trusts […]

By Bryan Borzykowski |July 4, 2007

2 min read

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Briefly:

(July 3, 2007) A British Columbia Securities Commission panel has laid down the law on a Vancouver-based advisor who invested her client’s money in unsuitable investments. Jill MacGregor Bock has been ordered to pay a $25,000 fine for violating securities rules. On February 27, 2007, the panel found that Bock had contravened section 48 — […]

By Staff |July 3, 2007

4 min read

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IDA names new CEO

The Investment Dealers Association has named Susan Wolburgh Jenah its new CEO. Earlier this year, Wolburgh Jenah joined the IDA from the Ontario Securities Commission to facilitate the merger between the IDA and Market Regulation Services. Upon the proposed merger, Wolburgh Jenah will continue as CEO of the newly formed organization. “Susan brings extensive regulatory […]

By Mark Noble |July 3, 2007

2 min read

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Trust investors left with few alternatives

With the passing of the federal income trust tax into law on June 22, it’s no longer a game of wait and see; income trusts and their investors have to make some hard decisions about what to do now. For the foreseeable future, there are few options, and none of them are as attractive as […]

By Mark Noble |July 3, 2007

3 min read

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Modern. Smart. Different.

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By Staff |June 29, 2007

1 min read

Decorative pattern

Briefly:

(June 29, 2007) Investors Group has announced it will introduce a new fixed administration fee on its funds, in an effort to make MERs more predictable. Right now, operating expenses are part of the MER, which fluctuates from year to year and making it hard for investors to predict. Those operating expenses will be replaced […]

By Staff |June 29, 2007

4 min read

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