Industry News

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CARP denies trust leak rumour

The focus on income trusts has gone from tax leakage to policy leakage, ever since the Finance Department proposed deterring conversions by cutting dividend taxes. Suspicions about an insider information leak have been running rampant since dividend paying company shares enjoyed an otherwise impromptu rally, just hours before the November 23 proposal was released. The […]

By Steven Lamb |December 9, 2005

2 min read

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Analyst explains fund manager choice

Those with one eye trained on short term performance numbers might wonder about the rhyme and reason of the selection process behind the Morningstar Fund Manager of the Year awards, but those savvy enough to recognize quality applaud the analyst’s decisions. The task of selecting one person to become Fund Manager of the Year from […]

By Kate McCaffery |December 9, 2005

3 min read

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CNQ secures financing to develop TSX alternative

Plans for an alternative to the TSX for trading Canadian securities moved one step closer to reality today after the Canadian Trading and Quotation System (CNQ) announced it closed an equity financing deal worth more than $10 million. The financing will be used to complete the development of CNQ’s plans to launch an alternative market […]

By Kate McCaffery |December 8, 2005

2 min read

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Reaction cautious towards Crawford report

(December 8, 2005) Reaction to the Crawford Panel’s report on adopting a single securities regulator has been tepid, with industry participants taking a wait-and-see approach, rather than endorsing or dismissing it. “I support Minister Gerry Phillips’ initiative in moving the dialogue forward on this very important subject,” OSC chair David Wilson said late yesterday. “It […]

By Steven Lamb |December 8, 2005

2 min read

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Ethical aims to educate advisors on SRI

While many Canadians may offer their moral support for socially responsible investing, the sector remains something of a niche market compared to the overall fund industry. Some may claim that socially conscious restriction limit returns, but the evidence does not really support this claim. More likely is that the SRI message is simply not reaching […]

By Staff |December 7, 2005

2 min read

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Crawford panel comes out with single regulator model

The Crawford panel released its long awaited discussion paper this morning, proposing a new model for a single Canadian securities regulator. The vision of a common securities regulator for Canada has been variously blocked, stalled and clouded by stakeholders at the country’s 13 existing regulators who are concerned that a central regulator would undermine their […]

By Kate McCaffery |December 7, 2005

3 min read

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BoC moves to head off inflation

The Bank of Canada has raised its key overnight rate by 25 basis points to 3.25%. The move was largely already priced in, which drove the Canadian dollar to nearly 87 cents US on Monday. The real question was whether the central bank would boost its rate by 50 basis points. The trend-setting Bank Rate […]

By Steven Lamb |December 6, 2005

2 min read

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New IFIC boss won’t take sides

Industry trade associations of all stripes have similar needs at their core — strong, organized management with lobbying and relationship building skills, an awareness of legal and regulatory issues, as well as the diplomacy to find common interests and issues among members. In a changing of the guard at IFIC next month, incoming president and […]

By Kate McCaffery |December 6, 2005

3 min read

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Analysts look for Santa Claus rally

It’s called “seasonal strength” and December is expected to be another strong month on the stock markets. Indeed, the S&P/TSX Composite Index has been up 43 of the last 49 Decembers, posting the strongest average return of any single month, with the least volatility, says George Vasic of UBS Investment Research. “We believe this reflects […]

By Doug Watt |December 5, 2005

2 min read

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Briefly:

(December 9, 2005) The Canadian Investment Funds Standards Committee (CIFSC) has announced the appointment of Ralf Hensel as chair of the committee. Hensel is senior legal counsel at IFIC. This marks the first time CIFSC has named a chair from IFIC. “I am honoured, although I was thinking about demanding a recount,” Hensel joked upon […]

By Staff |December 5, 2005

9 min read

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