Industry News

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Split OSC, protect consumer, committee says

(October 18, 2004) The Ontario Legislature’s Standing Committee on Finance and Economic Affairs has tabled its review of the Securities Act, calling on the provincial parliament to restructure the OSC and work toward a single national regulator. But on top of the regulatory reform, the committee is calling for stricter oversight of investment advisors and […]

By Steven Lamb |October 18, 2004

3 min read

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Money market fund redemptions fuel sales slump

(October 15, 2004) Net sales of mutual funds fell into negative territory in September for the first time in a year as investors pulled out of money market funds, IFIC reported today. Net redemptions reached $545 million last month, IFIC said in its monthly report on fund sales. Money market redemptions increased to $894 million […]

By Doug Watt |October 15, 2004

2 min read

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U.S. structure mimics income trusts

(October 15, 2004) If Canadian investors had a hard time understanding income trusts, wait until they see what’s heading to our markets from the U.S. Because U.S. law does not allow the “pass-through” trusts which Canadian income trusts are built upon, investment bankers seeking the same benefits were forced to create a whole new corporate […]

By Steven Lamb |October 15, 2004

4 min read

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Get your practice into shape with Advisor Forum

(October 14, 2004) Are you having a hard time recovering from your summer vacation? Does your practice feel a little sluggish, in need of an energy boost? Maybe now that school is back in session, you feel like brushing up on your own continuing education. Well, if it’s autumn, it’s time for Advisor Forum. This […]

By Steven Lamb |October 14, 2004

2 min read

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MFDA to go it alone on investor protection fund

(October 14, 2004) After years of debate, the Mutual Fund Dealers Association has decided to set up its own $30 million investor protection fund, opting out of joining the already-established Canadian Investor Protection Fund (CIPF), at least for the time being. Initially, the MFDA said it would establish its own fund, but backtracked on the […]

By Doug Watt |October 14, 2004

2 min read

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Advocates dismiss report blasting social investing

(October 14, 2004) The socially responsible investment movement is a failure, misleading investors with ineffective screening and deceptive advertising, according to a controversial new report. But SRI advocates are dismissing the study, calling it a misrepresentation of the industry. “The SRI industry needs to change,” states the report, written by Paul Hawken and the California-based […]

By Doug Watt |October 14, 2004

3 min read

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Dividends shield investors from secular bear, says fund manager

(October 13, 2004) Despite a roaring return on the broad equity markets in 2003, mutual fund investors have largely shunned all categories but the income and dividend products. Has investor caution led to too much risk aversion? One veteran of the income equity market says the out-performance of dividend and income funds has not thrown […]

By Steven Lamb |October 13, 2004

3 min read

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IAFP delegates tackle complex cross-border planning

(October 13, 2004) The complicated cross-border financial planning issues of a fictional family fell under the magnifying glass of RFPs attending the second annual Institute of Advanced Planners’ annual symposium last week in Kelowna, B.C. The case study approach was initiated at the IAFP’s inaugural symposium last year in Toronto. This year’s “High Water Mark” […]

By Michael Berton |October 13, 2004

3 min read

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Briefly:

(October 15, 2004) The Canadian Association of Income Funds (CAIF) is calling on the federal government to scrap plans to restrict foreign ownership of income trusts. “This is a major shift in investment policy towards the trust industry,” said Stephen Probyn, chairman of CAIF, and president and CEO of Clean Power Income Fund. “We are […]

By Staff |October 12, 2004

5 min read

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TSX boss leaving post with mixed emotions

(October 12, 2004) The outgoing president of the Toronto Stock Exchange admits she’s leaving her position without accomplishing one of her main goals: establishing a single securities regulator in Canada. Last month, Barbara Stymiest announced she was quitting the TSX after a five-year term to accept a position in the private sector as chief operating […]

By Doug Watt |October 12, 2004

3 min read

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