Industry News

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Torys offers guidance on registration reform

Few advisors have likely made it all the way through the 138-page tome that is National Instrument 31-103, better known as registration reform, but the Toronto law office of Torys is encouraging all advisors to do their homework on this one. “We were a little taken aback when we read this instrument,” Marlene Davidge, a […]

By Mark Brown |March 7, 2007

3 min read

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Morningstar returns to CIFSC

After a year apart, Canada’s two leading mutual fund classification systems are coming together once again, as Morningstar Canada has agreed to rejoin the Canadian Investment Funds Standards Committee. “We are delighted to welcome Morningstar back,” said Chris Adair, chair of the CIFSC and general manager of Fundata Canada Inc. “With this announcement, our mutual […]

By Steven Lamb |March 6, 2007

2 min read

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(March 6, 2007) Nineteen weeks after its introduction, Manulife Investments has racked up $1 billion in sales of IncomePlus, its guaranteed minimum withdrawal benefit product. Manulife said the product is a retirement solution that provides guaranteed monthly payments independent of when an investor retires in the market cycle, as well as growth potential, flexibility and […]

By Staff |March 6, 2007

4 min read

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2006 saw steady enforcement, better compliance: IDA

The Investment Dealers Association has released its 2006 annual report in financial compliance and enforcement, finding that real gains have been made in the financial compliance of IDA members. The IDA’s enforcement statistics from 2006 show that 1,269 cases were brought forth during the year, compared to 1,237 in 2005. The number of new investigations […]

By Mark Noble |March 6, 2007

3 min read

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(March 5, 2007) TSX Group has set a launch date for its previously announced derivatives exchange, which will begin operation in March 2009. Teaming up with International Securities Exchange (ISE), the new market, dubbed DEX. “We are excited to announce this new exchange with ISE, a company that has shown great innovation and growth in […]

By Staff |March 5, 2007

4 min read

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CIBC’s Rubin unfazed by recent sell-off

Last week’s falling global markets were little more than a blip, and investors would be wise to pay closer attention to the underlying economic story, according to one of Bay Street’s notorious bulls. “Global industrial production looks like it’s heading for another banner year of growth,” Jeff Rubin, chief strategist and chief economist at CIBC […]

By Steven Lamb |March 5, 2007

2 min read

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(March 2, 2007) Statistics Canada reports that the economy gained momentum throughout the fourth quarter of 2006, closing the year with 0.4% growth in December. For the quarter as a whole, the pace of economic activity eased slightly, although the economy advanced 2.7% over the year. December’s strong performance gave a much needed boost to […]

By Staff |March 2, 2007

4 min read

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Budget overspending unacceptable: C.D. Howe

A report released by the C.D. Howe Institute, a prominent Canadian think-tank, finds that both the federal government and provincial governments of Canada have had poor track records in meeting their budget commitments over the past 10 years: more often than not, they have spent beyond what was planned. Presenting the results of these findings […]

By Mark Noble |March 2, 2007

2 min read

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(March 1, 2007) The Canadian Centre for Policy Alternatives has declared that Canada’s income gap between the rich and poor is growing, largely because the spoils of economic growth are going primarily to the 10% of families who make more than $100,000 a year. The study, The Rich and the Rest of Us: The Changing […]

By Staff |March 1, 2007

3 min read

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New rules ahead of Pure Trading launch

After receiving considerable dealer input, the Universal Market Integrity Rules are ready to accommodate the introduction of multiple marketplaces. The same can’t be said for Pure Trading, the new market that precipitated the rule changes in the first place, which has delayed its launch for the second time. Pure Trading was due to hard-launch on […]

By Mark Brown |March 1, 2007

4 min read

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