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(December 24, 2003) Last year, it was Mount Kilimanjaro, the highest peak in Africa. Now, a team of adventurous advisors from IPC Financial Network aims to hit new heights, by attempting to scale Argentina’s Aconcagua, the tallest mountain in the Americas. Six IPC advisors will leave for Argentina for the charity climb on December 29. […]
By Doug Watt |December 24, 2003
2 min read
(December 24, 2003) As 2003 draws to a close, advisors look back on the year with mixed emotions. Like the two previous years before it, 2003 provided advisors with both challenges and opportunities — although many of you have told us you received more than your share of the former. While the hangover from a […]
By Darin Diehl |December 24, 2003
(December 23, 2003) The year 2003 finally brought some glad tidings for investors, with the markets staging an impressive rally. But confidence remains fragile and some clients still haven’t learned their bear market lessons, advisors say, and are still either shunning opportunities or chasing hot performers. Advisor.ca contacted several advisors and industry experts, asking for […]
By Doug Watt |December 23, 2003
3 min read
(December 23, 2003) In its annual adjustment of tax brackets and credits, the federal finance department is raising the thresholds 3.3% to account for inflation. The federal government is also phasing in the last of its five-year tax reduction plan announced in the 2000 budget. That means the threshold for the 22% tax bracket will […]
By Scot Blythe |December 23, 2003
1 min read
(December 24, 2003) In the spirit of the season, CIBC senior economist Avery Shenfeld is showing off his creative side, penning a financial version of the classic Christmas poem, “Twas The Night Before Christmas.” Twas the night before Christmas And all through the House Not an MP was stirring Nor a new same-sex spouse Paul […]
By Staff |December 22, 2003
5 min read
(December 22, 2003) Citing concerns about investor confidence in the Canadian mutual fund industry, the MFDA is asking its 200 members to provide information on their fund trading policies and procedures. The moves comes in the wake of a series of investigations into late trading and market timing abuses in the U.S., which have resulted […]
By Doug Watt |December 22, 2003
(December 19, 2003) It won’t take a lot of extra effort for ethical advisors to comply with the federal government’s new privacy requirements, according to the country’s largest association of professional advisors. Advocis has released a paper on the legislation in an attempt to explain how it will affect advisors’ business. “This appears to be […]
By Doug Watt |December 19, 2003
(December 18, 2003) Ontario’s new finance minister says the province is in favour of a national securities regulator. But Greg Sorbara stopped short of explicitly endorsing yesterday’s wise persons’ committee (WPC) report, which recommends setting up a new Canadian Securities Commission. “We fully support the notion of a single securities regulator in Canada,” Sorbara said […]
By Doug Watt |December 18, 2003
(December 18, 2003) When Ernie Eves called this past fall’s Ontario election, he killed a bill that would have limited the liability of income trust unitholders. Many analysts said then that the theoretical unlimited liability was the reason the trust sector had not yet fully developed. Pension funds, for instance, had not invested in trusts […]
By Steven Lamb |December 18, 2003
(December 17, 2003) It’s time Canada moved to a single national securities regulator, based in Ottawa but with strong regional representation. That’s the conclusion of the federally appointed wise persons’ committee (WPC), set up to review Canada’s fragmented regulatory system. In a much anticipated report released today, the committee said that Canada suffers from “inadequate […]
By Doug Watt |December 17, 2003
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