Industry News

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Questions raised over possible trust loophole

(April 16, 2004) The federal budget issued in March could contain a massive loophole which will benefit pension plan members in Quebec only, according to a well-known financial author. Gordon Pape says the Caisse de dépôt — and by extension any pension funds administered by it — will be exempt from the rules governing business […]

By Steven Lamb |April 16, 2004

3 min read

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Regulator issues foreign exchange trading warning

(April 15, 2004) Ontario’s securities regulator is warning inexperienced investors about the risks of currency and foreign exchange trading and says ads promoting such trading might be fraudulent. In an alert released today, the Ontario Securities Commission (OSC) says currency and foreign exchange trading — also known as FX or Forex trading — is dominated […]

By Doug Watt |April 15, 2004

2 min read

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March madness: Another stellar month for fund sales

(April 15, 2004) For the third straight month, Canada’s mutual fund industry posted strong sales, but experts don’t expect the good times to last. March net sales totalled $4.1 billion, IFIC said today in its monthly fund report, a 20% decline from February. “Sales for March are normally high as it is expected that a […]

By Doug Watt |April 15, 2004

2 min read

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Natural disasters no big deal for economy: StatsCan

(April 14, 2004) A series of natural disasters had little impact on economic growth last year, Statistics Canada reported today. Canada’s real GDP advanced 1.7% in 2003, about half the pace of the previous year. StatsCan noted there was much discussion in 2003 on the “seemingly biblical” series of negative shocks to the economy, such […]

By Doug Watt |April 14, 2004

1 min read

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Soft sell makes prospecting easier, marketing consultant says

(April 14, 2004) When was the last time you were approached by a pushy salesperson and thought: “Wow, I have got to tell my friends about this great service!” Never? Really? Now think about how you approach the topic of referrals with your clients. In The ADVISOR Group’s second Annual Dollars & Sense Survey of […]

By Steven Lamb |April 14, 2004

3 min read

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Bank of Canada cuts lending rate to 2%

(April 13, 2004) Citing shifts in the global economy, the Bank of Canada today lowered its benchmark overnight lending rate by 25 basis points to 2%, a 44-year low. The move was widely expected by economists. “The Canadian economy continues to adjust to developments in the global economy,” the central bank said in a statement […]

By Doug Watt |April 13, 2004

2 min read

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Small investors group blasts regulators

(April 13, 2004) Canada’s securities regulators are ignoring the principles of investor protection to keep industry participants happy, charges an investor lobby group. In a strongly worded report, the Small Investor Protection Association (SIPA) accuses regulators of watering down a proposal to introduce a new fund governance regime. The Canadian Securities Administrators’ (CSA) proposed National […]

By Doug Watt |April 13, 2004

3 min read

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Briefly:

(April 16, 2004) The Financial Planning Standards Council (FPSC) has upgraded its Web site to include more information about financial planning. The promoter of the CFP designation introduced the new online Learning Centre today. “Learning — like financial planning — should be a lifelong pursuit,” says FPSC vice-president Ann Bowman. “The FPSC Learning Centre is […]

By Staff |April 12, 2004

5 min read

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Conference cluster: Your guide to the spring’s major industry events

(April 12, 2004) With RSP season over and tax time winding down, the investment industry is gearing up for a number of major spring conferences, including Advocis and the IDA. Advocis — the country’s largest advisor association — stages its annual gathering in Calgary this year, from May 26 to May 29. The conference — […]

By Staff |April 12, 2004

3 min read

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Economists see rate cut in future – for now

(April 8, 2004) Economists at the big banks are calling today’s employment report a clincher for an expected rate cut from the Bank of Canada on Tuesday. “Central banks do not make interest-rate decisions on the basis of a single data point, but this morning’s Canadian employment report for March will surely be a critical […]

By Steven Lamb |April 8, 2004

2 min read

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