Industry News

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ICPMs balk at termination rule

For a lot of people, handing an incorrigible boss your walking papers can feel great, especially if you’ve got a better job lined up. But what if your jilted superior had the power to get you canned from your next place of work? Securities commissions across the country are debating a proposal, which is part […]

By Bryan Borzykowski |May 18, 2007

4 min read

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Firm shoots back at

The Ombudsman for Banking Services and Investments has unfairly targeted a small firm in Toronto, according to the head of compliance at the firm. And he has no intentions of complying with its recommendation that the firm pay nearly $80,000 in client compensation. “We decided not to go along with the recommendation of the ombudsman’s […]

By Steven Lamb |May 18, 2007

4 min read

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(May 17, 2007) The British Columbia Securities Commission upheld an Investment Dealers Association of Canada panel decision that the self-regulatory organization can investigate and discipline its former members. Charles K. Dass, a former stockbroker, had appealed to the BCSC that the IDA could not hold disciplinary hearings into his conduct because he was no longer […]

By Staff |May 17, 2007

3 min read

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CFA enrolment jumps in emerging markets

A record 140,000 people have enrolled in programs leading to the CFA designation worldwide, with a substantial increase in enrolment coming from emerging economies. Both India and Vietnam have experienced 143% growth in the number of first-time candidates, and China and Russia both have well over 50% rate of growth. Of course, starting from a […]

By Mark Noble |May 17, 2007

3 min read

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Debt and Maple markets hit all-time highs

While debt trading might not be the sexiest investment option, these days it seems to be increasingly popular. On Thursday, the Investment Industry Association of Canada released its Q4 debt issuance and trading report, which found total debt trading at an all-time high of $7.1 trillion in 2006, besting 2005’s year-end total by 12%. Debt […]

By Bryan Borzykowski |May 17, 2007

2 min read

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(May 16, 2007) A Vancouver broker has admitted to contravening Investment Dealers Association of Canada bylaws and violating the B.C. Securities Act by helping a prohibited individual execute trades in a third person’s account. Between April 2000 and September 2004, Edward Bernard Johnson, who worked for IDA member Golden Capital Securities Ltd. allowed Stanley Steven […]

By Staff |May 16, 2007

3 min read

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Inflation fears muted: Merrill study

Global fund managers have expressed a more optimistic outlook on the global marketplace, with improving corporate earnings trumping the threat of inflation, according to Merrill Lynch’s latest Survey of Fund Managers report. While the outlook remains tepid, the balance of managers predicting improved economic growth shifted slightly in May. The survey found a net balance […]

By Steven Lamb |May 16, 2007

2 min read

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Investors opt for foreign bonds

If corporate Canada truly is being hollowed out by foreign acquisitions, Canadian investors certainly seem willing to balance the effects by buying up foreign securities. In March alone, the Canadians invested $11 billion outside of our home and native land, according to the latest data out of StatsCan. That drives year-to-date foreign investment to a […]

By Steven Lamb |May 16, 2007

2 min read

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(May 15, 2007) Scotiabank expects the Canadian economy to grow only modestly at a rate of 2.3% this year. The downgrade in growth expectations remains centred on the manufacturing sector, which continues to struggle with intense international competition and a rise in the Canadian dollar. “Given the moderation in U.S. growth now underway and the […]

By Staff |May 15, 2007

3 min read

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Barclays rounds out iShares family with SRI ETF

The market for exchange-traded funds is quickly filling up. Today, Barclays Global Investors added two small-cap and a socially responsible ETF to its lineup. That follows the introduction of a new bond ETF, as well as value and growth ETFs in the fall and a dividend and real-return bond ETF at the end of 2005. […]

By Scot Blythe |May 15, 2007

2 min read

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