Industry News

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(May 24, 2007) In this ever-shrinking world, focusing only on Canada can be limiting. That’s why Galileo Equity Management has decided to go international, by changing its name to Galileo Global Equity Advisors Inc. Michael Waring, the firm’s co-founder, said that the name reflects the company’s increasing international business. “Our new name symbolizes our broader […]

By Staff |May 24, 2007

4 min read

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Buyers out in force: Crosbie

It may come as no shock that the first quarter of 2007 set new records in terms of merger and acquisition activity in Canada, but what might come as a surprise is that it is the smaller deals that are driving the market. According to investment banking firm Crosbie & Company, there were 483 deals […]

By Steven Lamb |May 24, 2007

2 min read

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Opportunity abounds in Islamic market

Islamic investing remains a largely untapped market, with few advisors familiar with how it works. Leaders in the Islamic finance industry must do a better job educating advisors about the role the religion plays in investment decisions, Yusuf DeLorenzo told attendees of the Islamic Finance World conference in Toronto yesterday. “How many people understand that […]

By Deanne Gage |May 24, 2007

3 min read

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(May 23, 2007) Western Financial Group Inc. announced Wednesday that it plans to acquire Ubiquity Bank of Canada from Prospera Credit Union. Subject to regulatory review and approval, Western says Ubiquity would be amalgamated with Bank West. Based in Abbotsford, British Columbia, Ubiquity specializes in personal and commercial term mortgages and loans through a network […]

By Staff |May 23, 2007

3 min read

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Emotion can cloud judgement on cottages

Vacation properties, such as cottages, are in high demand. Prices are skyrocketing, bringing healthy investment returns to those who have them, and with low-rate mortgages, buying a “little piece of heaven” has never been easier. But cottages also have an emotional value that clouds the judgment of normally rational investors, so advisors need to be […]

By Mark Noble |May 23, 2007

4 min read

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(May 22, 2007) Bad news for the equity industry: State Street Global Markets announced Tuesday that global investor confidence fell in May by 1.8 points, to 91.2. In April, confidence was at 93 points. The drop can be attributed to North America, where institutional investors’ confidence fell from 102.6 to 99.9 points. That’s in contrast […]

By Staff |May 22, 2007

3 min read

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Ignorance no defence for client fraud

It doesn’t take a hot-shot advisor to know that if a client openly commits fraud, your career will be in hot water. But what if you have no clue that a client is manipulating the market? Turns out you can still kiss your job goodbye. Speaking at the 9th Annual Compliance Readiness Strategies for ICPMs, […]

By Bryan Borzykowski |May 22, 2007

4 min read

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Seniors give more, take less: HSBC

Some of our collective preconceived notions of post-retirement life may be in need of revision. Far from being frail and on the receiving end of society’s generosity, today’s seniors are making a vital contribution to their community, according to a new survey. In its third annual report on the Future of Retirement, HSBC found that […]

By Steven Lamb |May 22, 2007

3 min read

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CI takes fight to banks’ turf

Canada’s financial services industry has experienced rapid integration in recent years, with the traditional “four pillars” crashing down. With only two pillars remaining — insurance and everything else — Canada’s big banks have made significant inroads into the investments industry with very little new competition in their home market segment. Now one of the largest […]

May 18, 2007

3 min read

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(May 18, 2007) British Columbia Securities Commission is taking a tough line against stock spammers. It has launched a new program that halts the trading of spammed stock and is asking the public to help in the fight by forwarding unwelcome e-mails that solicit penny stocks. The program, called SpamWatch, has already led to a […]

By Staff |May 18, 2007

3 min read

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