Industry News

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Provinces remain committed to securities reform, says Melchin

(January 29, 2004) Despite internal disagreement and a lack of support from Ottawa, the provincial finance ministers will continue working on ways to reform securities regulation, Alberta’s revenue minister pledged today. “Reports of our death are greatly exaggerated,” says Greg Melchin, who chairs a six-member provincial steering committee on regulation created last year. Since Michael […]

By Doug Watt |January 29, 2004

2 min read

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Morningstar Canada tool offers insights on tax-efficiency of funds

(January 28, 2004) Morningstar Canada is offering a new tool designed to demonstrate the effects of holding any given fund within an RRSP, versus holding it in a non-registered account. Added to the usual Morningstar performance report is a tax-adjusted return, showing just what effect the various taxes applied to the fund have on the […]

By Steven Lamb |January 28, 2004

2 min read

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Real-return bonds get support from investors

(January 28, 2004) Real-return bonds (RRBs) have received a vote of confidence from investors in a round of consultations carried out by the Bank of Canada. Both institutional and retail investors expect demand for RRBs to remain strong and say the federal government should continue to issue them. The central bank called for comments on […]

By Doug Watt |January 28, 2004

3 min read

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Institutional investors already in trust market

R elated Stories Stability ratings lead to more questions about income trusts Trusts will get more respect, expert says Regulators want more disclosure from income trusts Income trusts discipline company management He says that the much-talked-about theoretical unlimited liability issue has been used as the excuse for missing the boat by many managers. The resolution […]

By Steven Lamb |January 27, 2004

4 min read

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Goodale ready to move on regulatory reform

(January 27, 2004) Federal Finance Minister Ralph Goodale signalled today that he is prepared to tackle the thorny issue of securities reform and hinted he supports the national regulatory model outlined by the wise persons’ committee. “This is going to take some detailed analysis and some ongoing dialogue,” Goodale told reporters following a speech in […]

By Doug Watt |January 27, 2004

3 min read

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Briefly:

(January 30, 2004) The ongoing integration of Berkshire-TWC has resulted in job losses in Radville, Saskatchewan, where TWC is based. In a release, Berkshire-TWC said some jobs previously located in Radville are being transferred to Burlington, Ontario, home of Berkshire. No numbers were released, but Berkshire-TWC said there would be fewer jobs in Radville when […]

By Staff |January 26, 2004

4 min read

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Stability ratings lead to more questions about income trusts

(January 26, 2004) When the leading bond rating agencies start issuing reports on an obscure investment product, it is understandable that some confusion may arise. Ronald Charbon, director of Canadian ratings at S&P, realizes the S&P stability rating system may contribute to the confusion over the status of income funds, but he points out unitholders’ […]

By Steven Lamb |January 26, 2004

4 min read

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Electronic reporting leads to jump in IDA complaints

(January 26, 2004) The self-regulatory organization for Canada’s brokerage industry received more than 1,500 complaints in 2003, the first full year IDA members were required to report all complaints electronically. The number of complaints the IDA received last year was up 41% compared to 2002, mostly as a result of information collected through the association’s […]

By Doug Watt |January 26, 2004

2 min read

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Trusts will get more respect, expert says

(January 23, 2004) Sooner or later, the powers that be will need to take a hard look at adding income trusts to the S&P/TSX Composite Index, according to Stephen Probyn, chair of the Canadian Association of Income Funds. “We think that there will be the inclusion of income funds in the TSX composite index,” Probyn […]

By Steven Lamb |January 23, 2004

3 min read

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Survey suggests Canadians still value mutual funds

(January 23, 2004) Canadian investors continue to see the value of mutual funds, despite bad press from south of the border, according to a poll conducted for the Investment Funds Institute of Canada (IFIC). Among households with incomes of $60,000 or more, the survey found 62% of respondents were likely to buy an equity-based mutual […]

By Steven Lamb |January 23, 2004

2 min read

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