Industry News

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Under the 49th: U.S. regulatory update

(March 16, 2005) Securities regulators in Canada keep a close eye on what their colleagues in the United States do to monitor and guide compliance at advisory and brokerage firms. And advisors here need to be aware of changes in rules that affect their southern trading partners. Here’s the latest regulatory update from down south. […]

By Philip Porado |March 16, 2005

3 min read

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Whyte takes the fall at AIC

(March 16, 2005) Faced with a steadily-worsening run of net redemptions, executive vice-president David Whyte has left AIC, just nine months after joining the Burlington, Ont.-based fund company. Whyte, who led the firm’s sales and marketing team, resigned on Tuesday, an AIC spokesperson confirmed. Late Wednesday afternoon, AIC announced it had appointed John Miller as […]

By Doug Watt |March 16, 2005

3 min read

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Portus fallout: How advisors have been affected

(March 2005) Advisors who sold Portus products are on the defensive. They’re dealing with worried clients, irate investors and intense media scrutiny. Advisor.ca looks at the some of the challenges these advisors are facing in this three part series. Dealing with worried clients With Portus stuck in regulatory limbo, advisors are offering guidance to colleagues […]

By Staff |March 16, 2005

1 min read

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Making sense of the markets

(March 16, 2005) The investment world is a rocky place these days — oil is up and doesn’t show signs of coming down much, commodities are also higher but will likely decline, credit is everywhere and there are even rumours across the pond that bankruptcy advisors are starting to hire extra staff. Despite, or perhaps […]

By Kate McCaffery |March 16, 2005

4 min read

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Rising loonie

(March 15, 2005) The soaring Canadian dollar may be a drag on the economy as a whole, but it’s been a boon to the country’s real estate market, according to a new report from CIBC World Markets. The dramatic appreciation of the loonie over the past two years has meant the Bank of Canada has […]

By Staff |March 15, 2005

2 min read

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February fund sales hit five-year high

(March 15, 2005) Canadians poured $5.3 billion into mutual funds last month, the best February the industry has seen since 2000, when net new sales reached $6.5 billion. Overall, it was a strong RSP season, with January and February sales combined nearing $6 billion. Still, that’s weaker than last year, when RSP season generated $6.8 […]

By Doug Watt |March 15, 2005

2 min read

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Briefly:

(March 18, 2005) The S&P 500 starts the transition to a floating index on Friday. In a float-adjusted model, the number of shares of a company reflects only the shares available to investors, not the total shares outstanding. After the markets close, Standard & Poor’s will implement half-share adjustments for a number of its indexes, […]

By Staff |March 14, 2005

8 min read

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Follow principles or face new rules, IDA warns

(March 14, 2005) Canada is a long way from adopting a principles-based system of securities regulation, partly because of a “show me the rule that prohibits it” mentality among some market participants, says IDA senior vice-president Paul Bourque. Nothing illustrates this point more clearly than the reaction of some participants to the recent regulatory probe […]

By Doug Watt |March 14, 2005

2 min read

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Mackenzie offers tax planning guide

(March 14, 2005) Rather than simply viewing tax time as the blessed end of financial planning season, last minute meetings and RRSP cramming, advisors can use tax resources provided by fund companies this time of year to help clients and themselves. One such offering, the Mutual Fund Tax Guide, comes annually from Mackenzie Financial. Carol […]

By Kate McCaffery |March 14, 2005

3 min read

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Interest in alternative investing fuels AIMA’s growth

(March 11, 2005) Interest in alternative investing, fueled by heightened investor sophistication and lacklustre market performance in certain asset classes, is evidenced by the growing membership roster at the Canadian chapter of the Alternative Investment Management Association (AIMA). The Canadian chapter of AIMA is the largest and the second youngest in the world, after South […]

By Kate McCaffery |March 11, 2005

3 min read

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