News and resources for Canada's top financial advisors
Industry
(August 6, 2003) An international panel of experts has set out guidelines aimed at cleaning up the accounting industry and corporate reporting. The International Federation of Accountants (IFAC) released a report entitled “Rebuilding Public Confidence in Financial Reporting: An International Perspective,” which calls for the creation of codes of conduct and ethics for the corporate […]
By Staff |August 6, 2003
2 min read
(August 8, 2003) CIBC has appointed an independent committee to monitor the trade of CIBC equities within mutual funds the company controls. The committee was a sticking point for regulators, which wanted to ensure there was no interference from the parent company. The committee is made up of John W. Crow, William Thornhill and Frank […]
By Staff |August 5, 2003
3 min read
(August 5, 2003) The Directors College received a shot in the arm today, as three of the top advocates for improved corporate governance announced their support for the education initiative. The Ontario Municipal Employees Retirement System (OMERS), The Society of Management Accountants of Canada (CMA Canada) and the Canadian Coalition for Good Governance have all […]
By Steven Lamb |August 5, 2003
(August 5, 2003) There’s a new name in wealth management in Quebec, as Desjardins Financial announced the creation of Desjardins Asset Management today. The new division will be created through the merger of Desjardins’ existing investment branches, Opvest and Elantis Investment Management. “The creation of Desjardins Asset Management will enable us to consolidate our asset […]
(August 1, 2003) It appears the country’s financial services industry likes the Canadian Securities Administrators (CSA) plan to streamline and harmonize securities regulation through the uniform securities legislation (USL) project. However, that support comes with a number of caveats. The CSA has published the 89 submissions it received on the USL. “The vast majority of […]
By Doug Watt |August 1, 2003
(August 1, 2003) An independent insurance advisor based in rural Alberta has launched his own one-man campaign in an effort to resolve the country’s beef crisis. Gerold Haukenfrers of Wetaskawin, Alberta, has sent out a mass e-mail urging Canadians to put pressure on politicians to help lift an international ban on Canadian beef imports. A […]
(July 31, 2003) In the alphabet soup world of financial industry designations, advisor consultant Jim Ruta hopes to find a niche for the new Elder Planning Counselor (EPC) program, an initiative aimed at professionals who work with Canadians 55 years and older. The EPC designation, created by the Canadian Initiative for Elder Planning Studies (CIEPS) […]
By Doug Watt |July 31, 2003
(July 31, 2003) Montreal-based Desjardins Financial is expanding its mutual fund operations, today announcing the acquisition of Northwest Mutual Funds, a division of First Asset Management. Under the terms of the deal, the Northwest team will continue to manage the firm’s eight funds and will also assume responsibility for Desjardins’ Maestral fund family. Financial details […]
(July 30, 2003) There are few countries that share such a close relationship as Canada and the U.S. It’s not uncommon for Canadians to cross the border to work, nor is it rare for Canadians to marry Americans. But these close ties can present an advisor with several challenges, which are the focus of the […]
By Steven Lamb |July 30, 2003
(July 30, 2003) The outlook for the Canadian economy is flat for the second quarter, according to economists at the big banks. And usual suspects — severe acute respiratory syndrome (SARS), mad cow disease and the soaring Canadian dollar — are catching the blame for this underperformance. The Canadian economy grew in May by 0.1%, […]
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