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Federal Finance Minister Jim Flaherty has reiterated his commitment to create a national securities regulator and says he is considering a national review of the tax system. Flaherty’s comments came in response to questions following a speech delivered to the Toronto Board of Trade on Monday morning, which largely focused on the simmering issue of […]
By Mark Brown |May 29, 2006
2 min read
(May 2006) We asked FCSI designees from coast-to-coast to respond to your ethical dilemmas — everything from culling clients, to specific fund recommendation and a host of suitability issues. In our second column, hear what FCSI Shelly Appleton-Benko suggests for an advisor who is concerned about offering new shares to select clients. You Wanted To […]
By Staff |May 26, 2006
(May 26, 2006) The Toronto Financial Services Alliance plans to conduct the first-ever in-depth examination of human resource needs for the city’s financial services sector. The alliance has engaged Deloitte to complete the study, which will present a supply and demand forecast of the skilled workers needed by the sector over the next five years, […]
4 min read
As phone and online banking, as well as ATMs, increasingly allows customers to bypass the traditional retail bank branch, how will the retail banks grow their business when their most important customers refuse to walk through the door? According to the 2006 World Retail Banking Report by Capgemini, banks need to design a more sustainable […]
By Mark Brown |May 26, 2006
Morningstar Canada has released the first draft of proposed new categories for mutual funds, just days before the Canadian Investment Funds Standard Committee prepares to overhaul its system. Morningstar left the CIFSC in March, saying the committee was moving too slowly on fundamental questions such as breaking down major fund categories into subsets. CIFSC’s revised […]
MGI Securities and its president, Crawford Gordon, have been fined a total of $400,000 by the IDA for a variety of compliance-related deficiencies. In a settlement agreement announced on Thursday, both MGI and Gordon agreed that they violated IDA regulations by failing to establish and maintain procedures and controls to effectively supervise trading by clients […]
By Doug Watt |May 25, 2006
(May 25, 2006) The head of the TSX Group says the exchange will likely make a decision on the derivatives market by the end of this year. And Richard Nesbitt has not ruled out taking over the Montreal Exchange as the TSX attempts to keep up with global consolidation. As part of the consolidation of […]
By Staff |May 25, 2006
So far it would seem Don Johnston hasn’t been able to fully enjoy retirement on his southwestern Ontario farm. After announcing last May that the FPSC founding member and two-term president would step down in 2006, the organization still not found a replacement for its 67-year-old leader. “If they had found a replacement by March […]
By Heidi Staseson |May 25, 2006
3 min read
It was a bit of a guessing game this time around, but in the end, Canada’s central bank did as most analysts expected, raising its key overnight lending rate 25 basis points to 4.25%. It’s the Bank of Canada’s seventh consecutive rate hike since last fall. The big banks quickly followed suit, raising their prime […]
By Staff |May 24, 2006
1 min read
(May 24, 2006) July 1 will mark the first time the GST rate has been changed since the its introduction in 1991. To help with the transition, the CFIB has produced a checklist, developed in collaboration with the federal Department of Finance and the Canada Revenue Agency, to help small businesses prepare for the reduction […]
5 min read
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