Industry News

Decorative pattern

CSA unveils registration requirements

The Canadian Securities Administrators have unveiled details of proposed harmonization of the country’s various registration requirements, opening an extended comment period of 120 days. Advisors planning to comment on the proposed new rules may need the extra 30 days to wade through it all. The proposed National Instrument 31-103 Registration Requirements spans 138 pages, but […]

By Steven Lamb |February 20, 2007

4 min read

Decorative pattern

Briefly:

(February 19, 2007) RBC Capital Markets announced Monday that it has helped Morgan Stanley issue $2.5 billion in Maple bonds, not only the largest transaction in maple bonds, but the largest corporate bond deal in Canadian financial markets’ history. RBC said it was Morgan Stanley’s inaugural foray into the Canadian bond market. The transaction consisted […]

By Staff |February 19, 2007

3 min read

Decorative pattern

Canadians buy record value in foreign securities: StatsCan

December 2006 capped a year-long trend that saw Canadians increasingly choosing to invest in foreign equity. In fact, StatsCan reports that Canadian investment in foreign securities reached a record $78.3 billion in 2006. Canadians invested $5.6 billion in foreign securities in December, putting 70% into debt instruments and the remaining 30% into equities. According to […]

By Mark Noble |February 19, 2007

2 min read

Decorative pattern

Briefly:

(February 16, 2007) TSX Group CEO Richard Nesbitt has praised the finance ministers and bank governors of the G7 for agreeing to consider free trade in securities, based on mutual recognition of regulatory regimes. Nesbitt singles out Canadian Finance Minister Jim Flaherty for getting the ball rolling on free trade since it was Flaherty who […]

By Staff |February 16, 2007

3 min read

Decorative pattern

Canada’s economic future positive, top BMO economist says

Canada’s economic outlook remains “very positive,” with very few risks to growth according to one of the country’s most recognized economists. Speaking to an audience of certified general accountants this week, BMO Capital Market’s chief economist Dr. Sherry Cooper addressed a broad array of key economic factors that will affect Canada in the near future. […]

By Mark Noble |February 16, 2007

3 min read

Decorative pattern

Briefly:

(February 15, 2007) The RCMP’s commercial crime division in Ottawa, assisted by the Integrated Market Enforcement Teams, has laid a charge against Serge Nadeau earlier today in connection with its income trusts investigation. Nadeau, the general director of analysis in the tax policy branch of the Department of Finance Canada was charged with breach of […]

By Staff |February 15, 2007

3 min read

Decorative pattern

Fund industry sees strongest January in years

Canada’s mutual fund industry enjoyed continued strength in January, with sales of long-term funds spiking to $4.1 billion, according to IFIC, up from an already healthy $2.4 billion in December. Overall assets under management climbed 1.9% in January, topping $673.4 billion, with long-term funds holding $627 billion. That marks a year-over-year increase of 14.5% for […]

By Steven Lamb |February 15, 2007

5 min read

Decorative pattern

Briefly:

(February, 14, 2007) Claymore Investments announced Wednesday that it is launching the Claymore International Fundamental Index ETF and the Claymore Japan Fundamental Index to begin trading on the Toronto Stock Exchange on February 14, 2007. “There is a real lack of good international focused ETFs designed for Canadian investors and we believe these two new […]

By Staff |February 14, 2007

3 min read

Decorative pattern

Group RRSPs underutilized: Sun Life

Despite common availability, many Canadians are not taking advantage of employer-sponsored group RRSP plans, according to a report from Sun Life Financial. The insurance giant says that 1.8 million Canadians currently have access to a group RRSP plan, with an accumulated asset base of $39 billion. Sun Life claims the largest share of the group […]

By Mark Noble |February 14, 2007

2 min read

Decorative pattern

Liberals send valentine to trust investors

Canada must be getting close to another federal election — the opposition Liberal party has unveiled its platform regarding income trusts. Not surprisingly, it is being warmly met by at least one lobby group that sprang to life after the Conservative government’s decision to tax trust distributions. “The Liberals’ policy is a major improvement over […]

By Steven Lamb |February 14, 2007

2 min read

← Previous 1 … 1,935 1,936 1,937 1,938 1,939 … 2,188 Next →