Industry News

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(May 9, 2007) BMO Capital Markets is still in damage control after it reported trading losses that could be as high as $450 million. The bank says it is conducting an external review of its trading activities and will be suspending all business relationships with the brokerage firm Optionable Inc., including all derivatives trading through […]

By Staff |May 9, 2007

3 min read

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New FPSC head sets sights on recruitment

He views the CFP as uniquely qualified accreditation that can enhance the legitimacy of financial planning because it can be a rallying point to develop a strong professional association and a benchmark to be used by regulators. He says the FPSC will try to foster the development of both. “We could help foster an environment […]

By Mark Noble |May 9, 2007

2 min read

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(May 8, 2007) The C.D. Howe Institute is concerned that labour organizations exercise too much power in the venture capital market. York University’s Schulich School of Business professor Doug Cumming has written a study for C.D. Howe entitled Financing Entrepreneurs: Better Canadian Policy for Venture Capital. Cumming argues that better venture capital policy in Canada […]

By Staff |May 8, 2007

3 min read

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M&A underscores need for global portfolio

With the addition of Alcan to a growing list of Canadian blue-chip stocks that are subject to foreign takeover bids, Canadian investors may wonder about the future of Canadian-owned companies. But just because corporate Canada is being hollowed out, it doesn’t mean an investor’s portfolio should be. On the contrary, the thinning of Canadian equities […]

By Mark Noble |May 8, 2007

3 min read

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Fund fees highest in world: revised study

The study that raised the hackles of the Canadian mutual fund industry has been republished, with updated data that reaffirms its original finding: Canadian investors pay the highest fees in the financially developed world. “While the mutual fund structure is comparable from country to country, fees vary around the globe,” the authors of the report […]

By Steven Lamb |May 8, 2007

4 min read

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(May 7, 2007) One of TSX Group’s directors, Doug McGregor, has resigned. McGregor is co-president and managing director, head of global investment banking and equity markets, at RBC Capital Markets. TSX didn’t explicitly state that McGregor resigned because of a conflict of interest, but it did mention his departure in the context of RBC Capital […]

By Staff |May 7, 2007

4 min read

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Trusts still offer upside potential: GGOF

Last fall’s tax changes on income trusts may have been a blessing in disguise, separating the weak investments from the strong, according to Guardian Group of Funds executives, who believe that successful companies will prevail in spite of the new tax regime. Guardian Capital’s Michelle Robitaille, a portfolio manager of GGOF’s Monthly High Income Fund, […]

By Mark Noble |May 7, 2007

3 min read

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IDA offers due diligence guidance on PPNs

Well, better late than never. The IDA has published a guidance document on the assessment of principal-protected notes, aimed at helping advisors understand the suitability of these investments for their clients. The IDA’s Due Diligence Guidelines on Principal-Protected Notes, a rather hefty document at 72 pages, offers an explanation of how PPNs are constructed, how […]

By Steven Lamb |May 7, 2007

4 min read

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(May 4, 2007) The Canadian Securities Institute has announced the first graduating class of the new Ch.P. Strategic Wealth designation. The first 25 people to hold the designation were recognized at a reception at the CN Tower in Toronto on May 3. The designation is for advisors who offer integrated wealth services, spanning investments in […]

By Staff |May 4, 2007

3 min read

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Buyouts to drive equities, run up debt: CIBC

While the Bank of Canada frets over the latest inflation figures, one of Bay Street’s most notorious bulls is convinced that the good times will continue to roll on the Canadian equity markets. CIBC World Markets’ chief strategist Jeff Rubin, already recommending an overweight equity position, boosted the stock allocation for the Strategy Canadian Portfolio […]

By Steven Lamb |May 4, 2007

2 min read

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