Industry News

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What to expect from your new SRO

With its new ability to focus strictly on regulation, many IDA members might well be wondering what direction the industry’s self-regulatory organization will take and what systems will be overhauled, particularly in the wake of the proposed merger with Market Regulation Services (RS). In one of his last speeches at president and CEO of the […]

By Kate McCaffery |June 30, 2006

3 min read

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GST not the only Canada Day tax change

Although most of the attention has been focused on Ottawa’s decision to reduce the GST by a single percentage point, there are several other tax alternations taking effect July 1 that could have an impact on your clients. And not all of them are positive. Investors Group tax specialist Myron Knodel points out that the […]

By Doug Watt |June 30, 2006

2 min read

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(June 29, 2006) Citing inflation risks, the U.S. Federal Reserve has raised its key overnight lending rate to 5.25%, the 17th consecutive increase over the past two years. The Fed indicated that economic growth is moderating from its quite strong pace earlier this year. The change is partly reflecting a gradual cooling of the housing […]

By Staff |June 29, 2006

4 min read

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S&P researchers join World Cup frenzy

In a departure from its usual focus on the financial services sector, Standard & Poor’s has bonded with millions of soccer fans around the world, releasing a new index measuring how countries have performed at the World Cup over the last 40 years. The results will come as no surprise to those who follow the […]

By Doug Watt |June 29, 2006

2 min read

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Securities commissions promise a more focused future

Canada’s provincial securities commissions have traditionally held very different views about how to govern investment dealers in their respective jurisdictions. But it would seem several have decided to drop their adversarial ways and present more of a united front. More and more, the commissions are talking about principles-based regulation to govern the industry — calling […]

By Kate McCaffery |June 29, 2006

4 min read

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(June 28, 2006) Guardian Group of Funds has announced the reopening of its GGOF Monthly Dividend Fund, which was closed in March 2004, due to a lack of investment opportunities in a key sector of the fund’s mandate, which required the fund hold at least 50% of assets in exchangeable or retractable preferred shares and […]

By Staff |June 28, 2006

3 min read

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Norbourg investors to get nearly $32 million

About 5,600 investors who were stung by Norbourg will receive $31.7 million, according to the court appointed receiver, Ernst & Young. The move will help more than half of the estimated 9,200 investors — mostly Quebec residents — who lost their savings to the Norbourg group of companies, which included the Evolution fund family. According […]

By Mark Brown |June 28, 2006

2 min read

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Investment dealers enjoying record profits

MGAs put tech on the front burner Insurance advisors want more from their MGAs Retirement boom fuels new investment strategies It’s the stories that sell CI More Conference Collection: It’s the stories that sell CI Retirement boom fuels new investment strategies Insurance advisors want more from their MGAs MGAs put tech on the front burner […]

By Kate McCaffery |June 28, 2006

3 min read

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Emerging markets: pitfalls and possibilities

The rise of emerging markets is real but crises and volatility have kept many investors away from the sector. But for those who are conscious of the risks, there are a number of persuasive arguments in favour of allocating or re-allocating at least some resources to the sector. Investment Industry Association of Canada (IIAC, formerly […]

By Kate McCaffery |June 27, 2006

3 min read

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Industrial Alliance buys FundTrade

In a move aimed at bolstering its presence in English Canada, Quebec-based Industrial Alliance Insurance and Financial Services has struck a deal to purchase FundTrade Financial, an independent mutual fund dealer based in Oakville, Ontario. The transaction faces regulatory approval. “With the acquisition of FundTrade, we immediately broaden and strengthen our distribution platform and become […]

By Steven Lamb |June 27, 2006

2 min read

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