Industry News

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RSP funds set to fade into history

(June 29, 2005) With the federal budget finally receiving royal assent on Wednesday, more mutual fund companies are moving to eliminate RSP funds. The budget contained measures to abolish the foreign property rule. “I would like to extend my congratulations and thanks to all the parliamentarians who supported this legislation for helping to improve the […]

By Doug Watt |June 29, 2005

2 min read

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IDA conference update: There’s no place like home, says Coxe

(June 28, 2005) It’s not a bad time to be exhibiting a strong home country bias in your investment portfolio. In fact, in global terms, Don Coxe, chief strategist at Harris Investment Management, says the next decade belongs to Canada for a number of reasons. So far, Canadian markets have experienced five good investment years, […]

By Kate McCaffery |June 28, 2005

3 min read

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U.S. slowdown could affect Canada

(June 28, 2005) The Canadian economy should continue to perform well through 2005, but imbalances in the U.S. economy could take a toll north of the border in 2006, according to the latest forecast by TD Economics. “A number of major imbalances have developed in the U.S. economy that are likely to come home to […]

By Steven Lamb |June 28, 2005

2 min read

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IDA conference update: Canadian Securities Institute for sale

(June 28, 2005) The Investment Dealers Association is selling off the Canadian Securities Institute. The announcement by the IDA’s outgoing chair and promises of regulatory reform were all part of presentations at the IDA annual general meeting and conference this week in Banff, Alberta. Outgoing chair Brian Porter and newly-appointed chair Ross Sherwood addressed delegates […]

By Kate McCaffery |June 28, 2005

3 min read

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Briefly:

(June 30, 2005) The U.S. Federal Reserve has nudged its trend-setting overnight lending rate higher by 25 basis points to 3.25%. The move was widely predicted and already priced into the market. Fed chairman Alan Greenspan’s commented that more rate hikes were likely to come, citing inflation threats. Greenspan said additional rate hikes would come […]

By Staff |June 27, 2005

11 min read

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Make compliance work for you, says consultant

suitability suitability unregistered activity misrepresentation/omission regarding investment high-pressure sales practices unauthorized trading Most of these are easily within the ethical advisor’s control, particularly unregistered activity, misrepresentation and unauthorized trading. But it is far easier for an advisor to honestly slip up regarding suitability. Murray reminds advisors that knowing clients is an ongoing process, not simply […]

By Steven Lamb |June 27, 2005

2 min read

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IDA conference update: Regulatory task force launched

(June 27, 2005) The latest task force assembled to tackle issues surrounding securities regulation has a $7 million budget and a blue-ribbon panel of securities lawyers, academics and industry professionals. At the IDA conference in Banff, Alberta on Monday morning, president and CEO Joe Oliver took the opportunity in addressing conference delegates to announce the […]

By Kate McCaffery |June 27, 2005

2 min read

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CI takes unique approach to fee reductions

(June 24, 2005) Industry analysts are welcoming CI’s move to set a fixed administration fee for its mutual funds, one that can only be changed with investor approval. However, the approach will result in relatively modest cuts in the overall management expense ratio (MER). CI announced the change on Thursday, promising lower costs and greater […]

By Doug Watt |June 24, 2005

2 min read

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Cole begins overhauling AIC fund

(June 24, 2005) James Cole, the new manager of AIC American Focused, has offered a progress report on the fund, outlining his investment strategy and how he has managed the transition. Since replacing Larry Sarbit as the fund’s manager on in March, Cole has brought the cash component of the fund down from more than […]

By Staff |June 24, 2005

3 min read

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Financial institutions struggle with security

(June 23, 2005) Your next meeting would probably be a very good time to start making information security a “talking point” with clients. Security breaches and attacks are on the rise at financial institutions — both in Canada and abroad — and human error is expected to be the number one cause of problems in […]

By Kate McCaffery |June 23, 2005

3 min read

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