Industry

Decorative pattern

MFDA rethinking investor protection fund

(January 13, 2004) The MFDA is setting up a special committee to consider joining the already established Canadian Investor Protection Fund (CIPF), rather than setting up a new fund. The creation of an investor protection fund that would protect client assets in the event of a bankruptcy was mandated by regulators as a condition of […]

By Doug Watt |January 13, 2004

2 min read

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Regulatory reform goes beyond politics, Phelps says

(January 13, 2004) The provinces and the federal government must set aside their differences and accept that regulatory reform is an economic issue, not a political or constitutional issue, according to Michael Phelps, chair of the wise persons’ committee (WPC). In his first public address since the release of the WPC report, Phelps told the […]

By Steven Lamb |January 13, 2004

5 min read

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Briefly:

(January 16, 2004) The Alternative Investment Management Association of Canada (AIMA Canada) has named Lynda Briant as general manager. Briant brings experience from her past senior positions at Dow Jones Indexes, Toronto Stock Exchange and State Street Global Advisors. AIMA Canada chair Jim McGovern says Briant’s appointment “reflects the very positive industry response to AIMA […]

By Staff |January 12, 2004

7 min read

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Oil and gas trusts unstable, S&P says

(January 12, 2004) Investors who put their money into energy trusts, thinking they were safe and stable investments, were warned of stability issues in that sector by Standard & Poors (S&P). According to the ratings agency, most “upstream” trusts rank no better than SR-5 (marginal stability)or SR-6 (low stability) in terms of revenue stability. The […]

By Steven Lamb |January 12, 2004

2 min read

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Finance minister kicks off budget consultations

(January 12, 2004) Despite mixed economic signals, Canada’s freshly minted federal finance minister says Ottawa remains committed to new spending on healthcare, debt reduction and tax cuts. Ralph Goodale kicked off a series of pre-budget consultations with a speech this morning in Regina. “Our immediate challenge for 2003-04 is keeping ourselves in the black while […]

By Doug Watt |January 12, 2004

3 min read

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Independent review committees proposed for mutual funds

(January 9, 2004) Mutual funds will soon be required to set up independent review committees to oversee fund managers and monitor potential conflicts of interest, a move some critics are calling a “half measure.” The proposed new fund governance rule was published for comment today by the Canadian Securities Administrators (CSA). Under the proposal, each […]

By Doug Watt |January 9, 2004

2 min read

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Regulators introduce national registration system

(January 9, 2004) Canada’s securities regulators have published for comment a long-anticipated proposal for a national registration system (NRS), which would allow advisors and firms to register in any province, based on the rules in their home jurisdiction. Under the terms of the new rule, the home or “principal” regulator would review all advisor and […]

By Doug Watt |January 9, 2004

2 min read

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Market prospects viewed as favourable for 2004

(January 8, 2004) The investment world has changed dramatically in the last 12 months, with economies improving and stock markets rebounding. There’s a tug of war between optimists and pessimists regarding the outlook for 2004, says a top U.S. mutual fund executive. The plusses appear to outweigh the minuses in the year ahead, suggested Bruce […]

By Doug Watt |January 8, 2004

2 min read

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2003 IPO market cooled after trust-laden 2002

(January 7, 2004) If 2003 seemed like a slow year for initial public offerings (IPO), it was only in comparison to a strong 2002, according to the annual PricewaterhouseCoopers report on IPO activity. While the number of IPOs was down 20% from the previous year, this was largely due to the strong demand for new […]

By Steven Lamb |January 7, 2004

2 min read

Decorative pattern

Public opinion steers economy, says pollster

(January 7, 2004) The views of Canadian consumers don’t count for much when economists do their annual number-crunching and forecasting, but pollster Michael Marzolini believes that public opinion is a significant economic driver. Marzolini, chair of Pollara, presented the results of his firm’s annual economic survey this morning in Toronto, accompanied by a blue-ribbon panel […]

By Doug Watt |January 7, 2004

2 min read

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