Industry News

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Don’t limit foreign ownership, says income trust group

(September 22, 2004) The federal government’s move to restrict non-resident ownership of income trusts is an unnecessary measure that will severely hamper Canadian trust access to equity capital, according to a group representing income funds. According to a study commissioned by the Canadian Association of Income Funds (CAIF), the current rules laid out in the […]

By Staff |September 22, 2004

2 min read

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Advisors cautious as fund probe marches on

(September 22, 2004) Advisors are taking a wait-and-see approach after Ontario’s securities regulator finally named names in its long-running probe of the mutual fund industry. But there’s agreement that the reputation of the four fund companies singled out by the Ontario Securities Commission could suffer as a result of the investigation. After the markets closed […]

By Doug Watt |September 22, 2004

3 min read

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Hedge fund course gathers steam

(September 21, 2004) Jules Lalonde realized he needed to get up to speed on hedge funds when a client approached the Sudbury, Ont.-based advisor about adding the product to his portfolio. After doing some research on a topic he concedes he knew little about and had dismissed as a fad, Lalonde found out about the […]

By Heidi Staseson |September 21, 2004

3 min read

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Fund probe zeroes in on four firms

(September 21, 2004) The Ontario Securities Commission (OSC) has warned four mutual fund companies that they could face enforcement proceedings as a result of the regulator’s ongoing probe into trading practices in the fund industry. Notice was served to the four companies after the market closed on Monday. In a release issued Tuesday morning, the […]

By Staff |September 21, 2004

4 min read

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Briefly:

(September 24, 2004) The MFDA has been forced to appoint a new chair after Investors Group’s Terrence Wright resigned. The new chair, Robert Wright, is deputy chair of Teck Cominco, as well as a securities lawyer and former chair of the Ontario Securities Commission. He has served on the MFDA board since its inception in […]

By Staff |September 20, 2004

9 min read

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Change tax structure, urges C.D. Howe boss

(September 20, 2004) Our tax structure badly needs revamping, and removal of the tax on investment income would be a good start, according to the president of the C.D. Howe Institute. Jack Mintz made the assertion Monday in a speech to the Economic Club of Toronto, while unveiling a “Tax Competitiveness Centre” on the institute’s […]

By Glenn Wilkins |September 20, 2004

3 min read

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Spousal loan tax break to shrink

(September 20, 2004) Clients looking to split their income with a spouse should act quickly and get their loan in place quickly, according to tax experts. That’s because the cost of such a loan is set to rise October 1. Spousal investment loans are a method of income splitting between spouses (or equivalent) in different […]

By Steven Lamb |September 20, 2004

2 min read

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Golombek offers tips for a

They are averse to risks involved in beating 6.00%. They will lose group life and health benefits tied to the pension. They may lose ad hoc inflation adjustments that aren’t reflected in the commuted value. The client is in a plan with a big surplus, since they are now entitled to a portion of this […]

By Steven Lamb |September 17, 2004

5 min read

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Bring pensions into public policy debate

(September 17, 2004) The search for solutions to problems plaguing Canada’s pension system was the focus of the 2004 conference of the Association of Canadian Pension Management (ACPM) this week in Vancouver. A number of speakers said establishing pensions as a public policy issue could play an influential role in the search for answers. With […]

By Jim MacDonald |September 17, 2004

4 min read

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Markets ignoring solid economic performance, report says

(September 16, 2004) The stock market’s tepid performance this year is something of a puzzle, considering the relatively strong performance of both the Canadian and U.S. economies, says TD Bank Financial Group in its latest quarterly forecast. Since 2001, the Canadian economy has averaged annual real GDP growth of 2.9%, while the U.S. has fared […]

By Doug Watt |September 16, 2004

2 min read

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