News and resources for Canada's top financial advisors
Industry
(March 3, 2003) Canada’s social investment community is gearing up for its biannual conference, with organizers promising to pay special attention to corporate accountability and governance issues. The conference, sponsored by the Social Investment Organization, is scheduled for June 1-3 in Vancouver. “With corporate scrutiny at an all-time high, investors are demanding that companies be […]
By Doug Watt |March 3, 2003
1 min read
(February 28, 2003) Recent efforts to update Canada’s system of securities regulation at both the federal and provincial levels “promise success,” says the chair of the Investment Dealers Association. But Terry Salman says the reform process must be collaborative and driven by political will or risk being derailed by inertia and vested interests. “The federal […]
By Doug Watt |February 28, 2003
2 min read
(February 27, 2003) Dreams of winter getaways and increased leisure time devoted to hobbies don’t match reality for today’s retired Canadians, a survey suggests. Although 62% of Canadians under the age of 50 selected winter holidays as their preferred retirement lifestyle, only 30% of those who are actually retired say they escape the worst months […]
By Doug Watt |February 27, 2003
3 min read
(February 26, 2003) Proving again why he attracts admiration or contempt but rarely indifference from observers, John Crow weighed in for raising interest rates in Canada and highlighted the good news in currency swings during a Tuesday address in Toronto. Speaking at the Economic Club of Toronto, the former Bank of Canada governor said that […]
By Art Melo |February 26, 2003
(February 25, 2003) Two of Canada’s largest provincial securities regulators should collaborate on a pair of like-minded deregulation initiatives, says Advocis, the country’s largest professional association for financial advisors. Although the British Columbia Securities Commission’s proposals for new mutual fund regulations and the Ontario Securities Commission’s suggested fair dealing model are separate projects, the similarities […]
By Doug Watt |February 25, 2003
(February 24, 2003) Pension plan sponsors are welcoming healthcare provisions laid out in last week’s federal budget. But although they are pleased that issues such as primary care, home care and catastrophic drug coverage have been addressed in the $16 billion five-year Health Reform Fund, they caution that the success of the budget initiatives will […]
By Anna Sharratt |February 24, 2003
(February 24, 2003) Sun Life Financial, Canada’s largest insurer, has no interest in merging with one of the country’s big banks, company CEO Donald Stewart suggested today in Montreal. Calling a bank-life insurance merger “fraught with risk,” Stewart said Sun Life is instead focusing on international expansion. “It is not clear to us that a […]
By Doug Watt |February 24, 2003
(February 21, 2003) A recent call for more co-operation in the financial services industry from Advocis, Canada’s largest professional association of advisors, has produced a mixed bag of responses from other associations and advisors. The head of the fledgling Canadian Institute of Financial Planners says he thinks Advocis wants to get rid of all other […]
By Doug Watt |February 21, 2003
(February 21, 2003) Advisors weighed in on both sides of the Ontario Securities Commission’s ruling that prominent financial commentator Brian Costello gave advice without being licenced. While some thought the OSC was overextending its reach, others called for even tighter scrutiny of unlicenced commentators. “This kind of decision will give them further proof that they […]
By Scot Blythe |February 21, 2003
(February 20, 2003) “Calls for regulatory reform to boost investor confidence in the U.S. are echoing throughout Canada and around the world,” says Investment Dealers Association president Joe Oliver. But if Canada is going to reform its fragmented system of securities regulation, political leaders must step up to the plate to champion the cause, Oliver […]
By Caroline Cakebread |February 20, 2003
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