Industry News

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High-profile lawyer representing Portus co-founder

Boaz Manor, the co-founder of Portus Alternative Asset Management, was to make his first court appearance Tuesday, but instead, he was represented by well-known lawyer Brian Greenspan in a Toronto courtroom. Greenspan, of the Toronto-based firm Greenspan, Humphrey, Levine, is representing Manor in the quasi-criminal proceedings involving a section of Ontario’s Provincial Offences Act. Manor […]

By Mark Brown |November 15, 2005

2 min read

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IDA releases list of approved courses

The IDA has released a list of approved courses for voluntary participation in the association’s continuing education program. Under IDA bylaws, individuals may extend the validity periods of the Canadian Securities Course and the Conduct and Practices Handbook Exam through volunteer participation in the CE program. In the first two three-year CE cycles, all courses […]

By Staff |November 14, 2005

1 min read

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Briefly:

(November 18, 2005) RBC Insurance has teamed up with The Edge Benefits to offer The Edge Critical Illness Plan, promising to provide simplified and enhanced coverage options. “With easier qualification and increased flexibility for our base and builder coverage, clients can focus on recovery from their illness while receiving financial assistance in meeting the additional […]

By Staff |November 14, 2005

10 min read

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Goodale pledges $30 billion in tax cuts

The federal government today announced a series of tax reductions that Finance Minister Ralph Goodale says will bring $30 billion in personal income tax relief for Canadians over the next five years. The cuts were announced in Goodale’s fall economic and fiscal update, with the government facing a possible election campaign. Ottawa is increasing the […]

By Doug Watt |November 14, 2005

2 min read

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Insurers question need for review

The Canadian Council of Insurance Regulators (CCIR) and the Canadian Insurance Services Regulatory Organizations’ (CISRO) Industry Practice Review Committee have released a summary of responses to a much debated consultation paper published this summer, and the results embody the frustration the industry has with the review. An overwhelming number of industry stakeholders questioned the need […]

By Mark Brown |November 11, 2005

4 min read

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Crime poses threat to reputation: OSFI

Canadian financial institutions must take the problems of money laundering and terrorism funding seriously, not only to protect their own reputation, but that of Canada, according to the superintendent of financial institutions. “Canada has a world-class financial system. It is very important for our reputation as a country, and for the reputation of our financial […]

By Steven Lamb |November 10, 2005

2 min read

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2005 heading for equity issuance record

The Canadian market is on track to set a new record in annual equity financings, following an uncharacteristically hot third quarter, according to the IDA. While the summer months usually see lower levels of market activity, the third quarter saw financings valued at more than $12 billion, an increase of 9.6% from the second quarter. […]

By Steven Lamb |November 10, 2005

3 min read

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Income trust public discussion set for December

The iTrustInstitute has set up a public forum to discuss the federal government’s consultation paper on income trusts. The roundtable will take place on December 14 at the TSX conference centre in Toronto. Experts in the areas of investment, taxation, business, finance and economics will address questions and consider issues raised in the paper. “Subsequent […]

By Doug Watt |November 9, 2005

2 min read

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Advisor of the Year winners unveiled

The cat’s out of the bag, the judges have made their decisions and it’s time to officially announce the winners of the 2005 Advisor of the Year awards. The winners of our seventh annual competition are Carmela Harnum of Dundee Wealth Management in Toronto, JoAnne Anderson and Stephen Koury of MoneyPOWER and Inter-Equity Asset Management […]

By Kate McCaffery |November 9, 2005

3 min read

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Interest rate hikes will not shock

Predictions that interest rates will soar over the coming year are grossly exaggerated and ignore the damage such a move would inflict on the consumer sector, according to a leading economist. In an economic briefing to the Canadian Institute of Mortgage Brokers and Lenders on Monday, CIBC senior economist Benjamin Tal said interest rates are […]

By Steven Lamb |November 8, 2005

3 min read

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