Industry News

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(November 27, 2006) Almost all of Canada’s provincial regulators are moving ahead with the passport model, approving the next phase of its implementation: harmonizing and streamlining securities laws across the country. The system will allow issuers and registrants to deal with only the regulator governing their principal jurisdiction, while giving them access to capital markets […]

By Staff |November 27, 2006

4 min read

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(November 24, 2006) If you’re wondering where your client’s assets are hiding, you might want to hold your next meeting at their kitchen table. Apparently the number of Canadians opting for luxury homes is on the rise. According to a report by Royal LePage, the number of unit sales of luxury homes has skyrocketed in […]

By Staff |November 24, 2006

2 min read

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Sprott warns on leverage

Acknowledging himself as “the apostle of the apocalypse” thanks to his warnings about overleveraged homebuyers and a shaky U.S. dollar, Eric Sprott says his greatest fear lies with his counterparties — the prime brokers from whom he borrows stocks to sell short. “Where’s the cash? We can pretend we’re making money, but if you don’t […]

By Scot Blythe |November 24, 2006

2 min read

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Feds leave uncertainty on tax cut timing

Investment advisors who attended this morning’s breakfast meeting with Minister of Finance Jim Flaherty might conclude that their clients will soon have more investment dollars available and increased flexibility in their retirement planning. However, the same advisors might feel reticent about long-term tax-planning strategies, thanks to uncertain timelines in the Conservative government’s plans regarding capital […]

By Al Emid |November 24, 2006

3 min read

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(November 23, 2006) For the second year in a row, Canadians have been better savers and investors, according to Statistics Canada. Tax returns filed this past spring show that almost 7.8 million people reported about $34.5 billion in income from their investments (including interest and dividend income from taxable corporations) in 2005. The number of […]

By Staff |November 23, 2006

2 min read

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Aging boomers will prop up charities: TD

Canada’s aging society may increase the need for support services offered by charity organizations, but the retiring baby boomers will also be a boon for the sector, according to a report released by TD Economics. Baby boomers have never really been the type to just sit still, which has fuelled speculation on how they will […]

By Steven Lamb |November 23, 2006

3 min read

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Flaherty promises to reduce both taxes and debt

2007-08: $3.5 billion 2006-07: $4.2 billion 2006-07: $4.2 billion 2007-08: $3.5 billion 2008-09: $2.4 billion 2009-10: $2.0 billion 2010-11: $3.6 billion 2011-12: $2.9 billion Ottawa also enlisted four private sector organizations; the Conference Board of Canada, the University of Toronto, Global Insight and the Centre for Spatial Economics to project future public account surpluses. On […]

By Steven Lamb |November 23, 2006

4 min read

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(November 22, 2006) Advocis has launched a new best practices portal on its website, offering members easy access to the group’s new Best Practices Manual. “Few professionals work in an environment as complex and changing as financial advisors [do], and they are concerned about how to incorporate new industry codes, standards and regulations into their […]

By Staff |November 22, 2006

3 min read

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M&A activity continues record pace

Canadian mergers and acquisitions activity continued at a torrid pace in the third quarter, boosted by a flurry of cross-border mega-deals, according to the latest report from investment bankers Crosbie & Company Inc. “We are in a white-hot M&A market that is broadly based and would appear to have very strong legs going into the […]

By Steven Lamb |November 22, 2006

2 min read

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Advisor training centre opens its doors

Seneca College of Applied Arts and Technology opened the its new Markham, Ontario campus facilities this morning, home to the newly created Financial Services Practitioner program, in a ceremony recognizing the Town of Markham’s $500,000 donation. “For me this was great because this building is really conducive to business,” said Sam Albanese, the insurance industry […]

By Kate McCaffery |November 22, 2006

2 min read

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