Industry

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Investors Group acquires IPC

(February 25, 2004) Winnipeg-based mutual fund giant Investors Group (IG) is expanding its presence in the financial planning channel. Today it announced plans to acquire IPC Financial Network in a friendly takeover bid valued at close to $100 million. IG says it will purchase all IPC common shares at a price of $1.95. IPC shares […]

By Doug Watt |February 25, 2004

3 min read

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TD report urges early start for RRSP

(February 24, 2004) Canadians who put off retirement planning could find themselves short on cash when they finally do leave the workforce, according to a report from TD Economics, supporting the mantra of “save early, save often.” “With the baby boom generation approaching retirement, concerns about the adequacy of personal savings will only intensify in […]

By Steven Lamb |February 24, 2004

3 min read

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Regulators moving on advisor registration

(February 24, 2004) Although publicly focusing on larger regulatory initiatives — such as uniform securities legislation (USL) — the Canadian Securities Administrators (CSA) is quietly working on a couple of smaller projects that will have a direct impact on advisors. “We have some interesting spinoffs from the USL project,” said CSA chair Stephen Sibold yesterday […]

By Doug Watt |February 24, 2004

2 min read

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Goodale to unveil budget in March

(February 24, 2004) Federal Finance Minister Ralph Goodale will present his first budget on Tuesday, March 23. Goodale made the announcement today in the House of Commons. The minister has promised to deliver a balanced budget and to continue the Liberal government’s commitment to reducing the federal debt, now at $511 billion. Ottawa has earmarked […]

By Doug Watt |February 24, 2004

2 min read

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Briefly:

(February 27, 2004) Royal Bank is on track for another banner year, reporting first quarter net income of $793 million, up 3% from Q1 of 2003. This increase comes despite a drop of 3% in total revenues and another $240 million wiped out by the strong Canadian dollar. “We benefited this quarter from improved credit […]

By Staff |February 23, 2004

5 min read

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Single securities regulator forecast for 2005

(February 23, 2004) Canada could have a single national securities regulator in place as soon as next year, says the executive director of the wise persons’ committee (WPC). But Elizabeth Harrison concedes such an ambitious timetable depends on political agreement at both the federal and provincial level — and that’s far from a sure thing. […]

By Doug Watt |February 23, 2004

3 min read

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Farmers need advice for wind-down of income stabilization program

(February 23, 2004) To most Canadian farmers, the idea of reaping what they have sown in March will seem a little early. But as the federal government prepares to roll out the new Agricultural Policy Framework, it is looking to put an old program out to pasture. Starting March 31, farmers have to begin the […]

By Steven Lamb |February 23, 2004

4 min read

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The $100,000 question: Advisor salaries hot topic in Talvest Town Hall

Year 1: $20,000-$25,000 Year 2: $26,000-$32,000 Year 3: $32,000-$36,000 Year 4: $38,000-$44,000 Year 5: $46,000-$52,000 Year 6: $56,000-$60,000 Related News Story 2nd Annual Dollars & Sense Survey: Getting results “If you do very well, you could improve those numbers by 25% or more,” added Wayne, noting that he hit $100,000 in his fifth year. “If […]

By Doug Watt |February 20, 2004

2 min read

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Corporate boards still male dominated

(February 19, 2004) Women are making progress in Canada’s business world, but still only represent 11% of the country’s corporate directors, according to a survey conducted by research group Catalyst. While that is an improvement from 9.8% in 2001, it shows women remain under-represented in the boardroom. In fact, 51.4% of boards have no women […]

By Steven Lamb |February 19, 2004

1 min read

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MFDA extends suspension of commission payment rule

(February 19, 2004) The payment of mutual fund commissions to personal corporations will be permitted until at least the end of 2006. Earlier this month, the MFDA’s board of directors agreed to further suspend a rule that would prohibit such a business arrangement. MFDA rule 2.4.1 requires that all commissions be paid by fund dealers […]

By Doug Watt |February 19, 2004

2 min read

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