Industry News

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(September 5, 2006) An IDA hearing panel has dismissed a motion filed by Stephen Taub, formerly a registered representative with Brant Securities and Research Capital, who challenged the SRO’s by-laws and jurisdiction. The panel accepted IDA staff’s position that the industry association continues to have jurisdiction over Taub, pursuant to by-laws that give the IDA […]

By Staff |September 5, 2006

3 min read

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Sector picks offer top fund returns in August

All that glitters may not be gold, but investing in precious metals provided the brightest returns in the Canadian mutual fund universe in August, according to preliminary data from Morningstar Canada. August was a pretty good month to be invested, with 27 of 31 Morningstar Canada fund indices gaining ground. But it was the 6.1% […]

By Steven Lamb |September 5, 2006

4 min read

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NexGen offers new take on tax efficiency

NexGen Financial has announced that its mutual fund lineup is now available to investors through registered dealers and advisors in Ontario, Quebec, Alberta and British Columbia. While the Canadian mutual fund universe may seem like a crowded market for an upstart company to enter, NexGen promises to focus on tax-efficiency for the non-registered account holder. […]

By Steven Lamb |September 5, 2006

2 min read

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(September 1, 2006) Two of the industry’s major financial software firms are joining forces. Winnipeg-based Emerging Information Systems, developer of the NaviPlan financial planning software, has purchased Financial Profiles from The Hanover Insurance Group. EISI made the acquisition through its wholly-owned American subsidiary, picking up all the stock and assuming control of Financial Profiles’ operations […]

By Staff |September 1, 2006

3 min read

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Bank of Canada expected to stand pat

The Bank of Canada is scheduled to hand down a decision on interest rates on September 6. Many economists are predicting the bank will again forego a rate hike, in response to slower economic growth in the second quarter. “Growth in the second quarter came in well below the Bank of Canada’s expectation for a […]

By Steven Lamb |September 1, 2006

2 min read

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(August 31, 2006) The U.S. housing market is falling back to earth, but that doesn’t necessarily mean Canada will suffer the same fate, according to TD Economics. However, the national picture is masking major regional differences. In a report released Thursday, TD found that Canada’s current surging real estate market lacks the speculation that has […]

By Staff |August 31, 2006

3 min read

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Wage growth expected to surge

After much fretting about inflationary pressures in the economy, your clients may now finally see the upside — they could be in for their biggest pay increase in the past five years, according to a pair of reports released on Thursday. A survey by Watson Wyatt indicates that cost-of-living adjustments in 2007 will likely average […]

By Steven Lamb |August 31, 2006

2 min read

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(August 30, 2006) Regulators will have to be more responsive to the concerns of retail investors, the IDA says in its annual report. Citing an investor town hall held last year, the IDA noted the “increasing expectations of retail investors of regulators.” “In that regard, the IDA and regulators generally will have to review additional […]

By Staff |August 30, 2006

3 min read

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Beyond RESPs: Insurance, sales strategies and tax planning

Once families have made the most of RESP contributions to collect government grants, they may be ready to look at insurance products or family trusts as another set of savings options to fund a child’s education. Universal life or whole life permanent insurance policies are two vehicles to build up a cash value over time […]

By Kate McCaffery |August 30, 2006

5 min read

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(August 29, 2006) With all the talk of an impending flight to quality in the stock market, companies would be well-advised to shore up their own risk-management plans, according to a report from Ernst & Young. A survey of business leaders found almost half (46%) rated their risk-management programs as 8 or above, on a […]

By Staff |August 29, 2006

4 min read

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