Industry News

Brokers enjoyed solid gains in 2003 Fallback Image Decorative pattern

Industry

Brokers enjoyed solid gains in 2003

(March 8, 2004) Canada’s securities industry was firing on all cylinders in 2003, says the IDA, with operating profits rising 21% from the previous year to $3.3 billion. “The year marked a dramatic turnaround in industry fortunes following a 23% earnings drop in the previous two years,” the IDA said in its quarterly securities industry […]

By Doug Watt |March 8, 2004

2 min read

A look back at the 2004 Fallback Image Decorative pattern

Industry

A look back at the 2004

(March 8, 2004) Evidence is mounting that the first two months of 2004 have been strong for the investment community, as the traditional last-minute rush to invest in RRSPs came to a close last week. Net new mutual fund sales for February alone are estimated at about $5 billion — 10 times that of February […]

By Steven Lamb |March 8, 2004

3 min read

Court rules on interest deductibility Fallback Image Decorative pattern

Industry

Court rules on interest deductibility

(March 5, 2004) The Supreme Court of Canada has ruled on the much-talked about case of Gifford v. Canada — the income tax appeal of a financial advisor who wrote off the interest on a loan used to buy a colleague’s book. “The agreement to pay $100,000 to purchase accumulated goodwill and the agreement not […]

By Steven Lamb |March 5, 2004

4 min read

Columnist sparks DSC debate Fallback Image Decorative pattern

Industry

Columnist sparks DSC debate

(March 5, 2004) An online news article criticizing advisors who sell back-load or deferred sales charge (DSC) mutual funds provoked an angry response this week in Advisor.ca’s Talvest Town Hall. The article, written by columnist Wayne Cheveldayoff and distributed to various financial Web sites by CP Online, was titled “Investors should avoid advisors who insist […]

By Doug Watt |March 5, 2004

3 min read