Industry News

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M&A activity continues to heat up

(August 19, 2004) In what could be a positive sign for the markets, the second quarter of the year marked a three-year high for mergers and acquisitions (M&A) activity in Canada, according to a report from Crosbie & Company. Not only did the number of deals made increase, but the total value of M&A activity […]

By Steven Lamb |August 19, 2004

3 min read

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Dynamic moves to electronic document delivery

(August 19, 2004) Investors with Dynamic Mutual Funds will now be able to access documents via epost, the electronic delivery branch of Canada Post. The online service includes account statements, RRSP contribution receipts, tax slips and trade confirmations. “It’s a free option. If people prefer to get their paper documents they can still get those,” […]

By Steven Lamb |August 19, 2004

2 min read

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Alberta key to single securities regulator, says Crawford

(August 19, 2004) Persuading Alberta to support a single securities regulator may be the only way to move the reform process forward, says Purdy Crawford. The creation of a single regulator was the main recommendation of the Crawford committee’s five-year review of Ontario’s securities laws, released last year. Ontario’s standing committee on finance and economic […]

By Doug Watt |August 19, 2004

3 min read

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Housing affordability slips

(August 18, 2004) It’s getting harder to afford a home in most provinces, as a strong housing market and higher mortgage rates counteract increased construction, according to a report from RBC Economics. “Affordability will continue to erode over the balance of this year and next, principally due to relatively mild increases in mortgage rates,” said […]

By Steven Lamb |August 18, 2004

2 min read

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Ontario insurance regulator revokes life licences

(August 18, 2004) The Financial Services Commission of Ontario (FSCO) has revoked the life insurance licences of five agents for various infractions. The provincial insurance regulator released its latest monitoring and enforcement report this week. The agents were identified by FSCO as David Braganza, Joseph Caputo, Sahil Celly, Arvind Singh and Gaetan Lefebvre. In settlement […]

By Doug Watt |August 18, 2004

2 min read

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Report favours independent securities tribunal

(August 18, 2004) There is a “persuasive and overwhelming” argument for separating the adjudicative function of the Ontario Securities Commission and creating a new independent body, a report released today concludes. But the chair of the OSC believes Ontario might be better off maintaining the status quo. The report, written earlier this year by a […]

By Doug Watt |August 18, 2004

3 min read

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Venture capital investment surges

(August 17, 2004) Venture capital continued to pick up steam in the second quarter of the year, as the industry invested $375 million, a year-over-year gain of 48%, according to data released by Canada’s Venture Capital and Private Equity Association (CVCA) CVCA and research partner Macdonald & Associates. “These second quarter numbers build upon the […]

By Steven Lamb |August 17, 2004

1 min read

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Legal defence fund touted as adjunct to E&O

(August 17, 2004) Advisors worried about exclusions in their errors and omissions insurance policies and rising premiums have another option to consider: purchasing a membership in a legal defence fund service. It’s a niche market that’s been successfully tapped by Las Vegas-based Financial Advisors Legal Association (F.A. Legal), which offers legal consultation and counsel to […]

By Doug Watt |August 17, 2004

3 min read

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Briefly:

(August 20, 2004) Scotiabank has launched a new online Investor Education Centre, aimed at helping clients improve their financial skills and make them more savvy investors. “Many of our customers are interested in access to tools and resources that will allow them to further develop their knowledge and understanding of key investing principles,” says Paul […]

By Staff |August 16, 2004

5 min read

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Oil could hit $50 a barrel, economist says

(August 16, 2004) Crude oil prices — which have been hitting record highs of late on an almost-daily basis — could have even more upside potential, says BMO Nesbitt Burns senior economist Douglas Porter, and that could mean a $50 barrel in the not-too-distant future. In an online commentary, Porter notes that the cushion of […]

By Doug Watt |August 16, 2004

2 min read

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