Industry

Decorative pattern

Duelling regulators: OSC takes aim at BCSC’s deregulation project

(July 9, 2003) The Ontario Securities Commission (OSC) has firmly rejected the British Columbia Securities Commission’s (BCSC) proposal to simplify securities regulation by shifting the focus away from rules toward a more principles-based regime. In a letter to BCSC chair Doug Hyndman, OSC chair David Brown calls the B.C. approach “extreme,” adding it would further […]

By Doug Watt |July 9, 2003

2 min read

Decorative pattern

Synchronizing accounting principles globally on top accountant’s agenda

(July 9, 2003) Countries that don’t accept new accounting standards will find themselves frozen out of top markets like the U.S., U.K., Canada and Australia, warned Sir David Tweedie, chair of the International Accounting Standards Board (IASB). The goal of the IASB is to collect and put forward a set of global accounting standards. The […]

By Steven Lamb |July 9, 2003

3 min read

Decorative pattern

Wise persons committee begins cross-country road trip

(July 9, 2003) A federally appointed committee asked to come up with ways to reform the country’s fractured securities regulation system slipped quietly into Toronto this week for two days of consultations. The wise persons committee, chaired by Michael Phelps, is starting a three-week cross-country road trip, with stops in 10 cities. The Toronto consultations, […]

By Doug Watt |July 9, 2003

3 min read

Decorative pattern

Don’t ignore new U.S. RRSP tax laws, experts say

(July 8, 2003) Tax experts are warning Canadians with RRSPs who live in the United States not to ignore an upcoming filing deadline set by the Internal Revenue Service (IRS). Those who made contributions to or received distributions from an RRSP or RRIF in 2002 must file two complex forms — one six pages and […]

By Doug Watt |July 8, 2003

3 min read

Decorative pattern

Banks warn Canada will lose top G-7 spot to U.S.

(July 8, 2003) While the U.S. economy will be slow to recover, it should outperform the rest of the developed world as the global economy stagnates, according to reports released today from Scotiabank and RBC Financial Group. Despite incredibly low interest rates and tax cuts intended to spur economic activity, the U.S. is on the […]

By Steven Lamb |July 8, 2003

3 min read

Decorative pattern

Briefly:

(July 11, 2003) A lunch with investment guru Warren Buffett has fetched more than a quarter of a million dollars in an online auction. An anonymous bidder won the prize yesterday with an E-bay bid of $250,100 US. Buffett is donating the proceeds of the auction to Glide, a San Francisco-based charity that helps the […]

By Staff |July 7, 2003

5 min read

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Advocis rejects

(July 7, 2003) Advocis is refusing to support the uniform securities legislation (USL) project after the Canadian Securities Administrators (CSA) rebuffed the advisor association’s latest regulatory reform initiative. The country’s largest association of professional financial advisors wants industry designations to be officially recognized as a holding-out requirement for advice-giving. The Advocis plan, unveiled at last […]

By Doug Watt |July 7, 2003

2 min read

Decorative pattern

Re-evaluating retirement plans in July’s Advisor’s Edge

(July 4, 2003) If your clients were nearing retirement when the markets hit the skids, the prolonged downturn could be turning the dream of early retirement into a prayer for any retirement, period. That’s the predicament tackled in “Time is Expiring,” the cover story in July’s Advisor’s Edge. “You have people that are in their […]

By Steven Lamb |July 4, 2003

2 min read

Decorative pattern

IFB pledges support in regulatory lobbying campaign

(July 4, 2003) The Independent Financial Brokers of Canada (IFB) says it will spearhead a lobbying effort in favour of a passport registration system that would allow advisors to operate across the country. IFB president David Barber has pledged to take a “lead position” on the issue, including posting a paper on the association’s Web […]

By Doug Watt |July 4, 2003

2 min read

Decorative pattern

Are there enough signals yet to reinvest in wireless telecom service stocks?

The reception for telecom services has been very clear throughout the “great telecom implosion” of the past two years. Facing slack demand, fierce pricing pressure and a cash crunch, it has been clearly dreadful. Times could be changing – for the better, believe it or not. One signal of the wireless telecom service segment’s resurgence […]

By Staff |July 3, 2003

2 min read

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