Industry News

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Compliance officers step out of the shadows

(January 27, 2005) The recent market timing settlements should serve as a wake-up call for the financial services industry and will make life more challenging for compliance officers, says the head of the IDA. Speaking at a conference on self-regulation on Thursday morning in Toronto, Joe Oliver conceded that it can often be difficult for […]

By Doug Watt |January 27, 2005

3 min read

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Strategists offer dismal outlook for bond markets

(January 27, 2005) Now is probably not a good time to be in bonds. While economists may disagree on the direction of Canada’s monetary policy, either way, the prognosis is dim for fixed-income investors getting into the market today. Marc Levesque, chief strategist at TD Securities, was the more upbeat presenter at a lunch meeting […]

By Kate McCaffery |January 27, 2005

2 min read

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Don’t ignore small cap funds, analysts suggest

GBC Canadian Growth Ethical Special Equity Empire Small Cap Equity Elliott & Page Growth Opportunities Bissett Microcap Class F (closed to new investors) Beutel Goodman Small Cap Beutel Goodman Small Cap Bissett Microcap Class F (closed to new investors) Elliott & Page Growth Opportunities Empire Small Cap Equity Ethical Special Equity GBC Canadian Growth Keystone […]

By Doug Watt |January 26, 2005

2 min read

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Income trusts coming to TSX Index

(January 26, 2005) Standard & Poor’s has announced it will include qualified income trusts in its benchmark S&P/TSX Composite Index, ending months of debate over whether trusts belong in the benchmark index. S&P will continue to offer a “classic” version of its Toronto index, however, which will not include income trusts. “The decision to include […]

By Steven Lamb |January 26, 2005

4 min read

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OSC fast-tracks penalties against financial firm

(January 25, 2005) Wells Fargo Financial Canada has been hit with penalties and fines totalling $25,000 by the Ontario Securities Commission under a new simplified disciplinary process. The firm — whose main business is raising capital for the consumer finance sector — breached Ontario securities law through a series of late filings of medium-term notes, […]

By Doug Watt |January 25, 2005

2 min read

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CI shuffles managers, streamlines lineup

BPI Global Opportunities Fund becomes CI Global Opportunities Fund. BPI Global Opportunities III Fund becomes CI Global Opportunities III Fund. BPI American Opportunities Fund becomes CI American Opportunities Fund. TSX-listed BPI Global Opportunities II Fund becomes CI Global Opportunities II Fund. Narayanan remains lead manager of CI’s CI.Trident Global Opportunities Fund hedge fund, as well […]

By Steven Lamb |January 25, 2005

3 min read

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Asian investments largely unhurt by tsunami

(January 24, 2005) It has been four weeks since the tsunami devastated nations around the Indian Ocean. With the staggering death toll rising to over 225,000, it can sound cold-hearted to discuss economics and the investment environment. But for the nations affected by the catastrophe, repairing their economies is paramount. Within a week of the […]

By Steven Lamb |January 24, 2005

3 min read

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Briefly:

(January 28, 2005) The Joint Forum of Financial Market Regulators released practice standards today for the sale of products and services by all financial services intermediaries. The Joint Forum was founded in 1999 by the Canadian Council of Insurance Regulators, the Canadian Association of Pension Supervisory Authorities and the Canadian Securities Administrators to coordinate the […]

By Staff |January 24, 2005

11 min read

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Advisors confident as RRSP season shifts into high gear

(January 24, 2005) Advisors are anticipating another healthy RRSP season, with some suggesting that this year’s mutual fund sales could be even better than 2004, when net sales for the first two months of the year were close to $7 billion. Morrow says he’s seen no real fallout from the recent market-timing settlements, in which […]

By Doug Watt |January 24, 2005

1 min read

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Canadians overlook costs of long-term care

(January 21, 2005) Canadians are concerned they will become a burden to their loved ones when they get older, but few are aware of insurance products aimed at minimizing the costs, according to an Ipsos-Reid survey for RBC Insurance. “The sale of long-term-care insurance, which one would argue is probably the most effective way to […]

By Steven Lamb |January 21, 2005

3 min read

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