Industry News

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Institute of Canadian Bankers bought by Thomson

(January 23, 2004) The Institute of Canadian Bankers (ICB) — the educational arm of the Canadian Bankers Association — has been acquired by electronic information giant Thomson Corporation. The ICB will become part of Thomson’s educational division: Thomson Delmar Learning. Financial terms of the deal were not released. The ICB, which awards four professional designations, […]

By Doug Watt |January 23, 2004

2 min read

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Advisor’s Edge talks privacy in mid-January edition

(January 22, 2004) As a financial advisor, it’s your business to know your client — in fact, it’s required through the know-your-client rule. But have your clients given you permission to use that knowledge for other uses? The new privacy law — Personal Information Protection and Electronic Documents Act (PIPEDA) which came into force on […]

By Steven Lamb |January 22, 2004

3 min read

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Clock ticking on regulatory reform, says IDA head

(January 22, 2004) Canada may be on the verge of a transformational reform in securities regulation, but the window of opportunity won’t last long, says IDA president Joe Oliver. “This is not an issue that is usually at the top of the radar screen,” Oliver said following a speech this morning in Toronto, noting that […]

By Doug Watt |January 22, 2004

3 min read

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There’s more than one way to invest in China, says portfolio manager

(January 21, 2004) It may be understandable if Canadian investors are reluctant to partake of the potentially volatile feast in the Chinese economy, but they might want to consider a Chinese proverb: One cannot refuse to eat just because there is a chance of being choked. While investing in China does carry the inevitable risks […]

By Steven Lamb |January 21, 2004

5 min read

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No fireworks in federal budget, economist predicts

(January 21, 2004) With a federal budget expected in late February or early March, economists are offering up predictions of what the fiscal plan might contain. TD’s Don Drummond says he expects only “minimalist action”: meaning no new tax cuts and little extra spending. In fact, Drummond says federal finance minister Ralph Goodale’s first budget […]

By Doug Watt |January 21, 2004

2 min read

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Rising loonie sparks interest rate cut

(January 20, 2004) Citing the rapid appreciation of the Canadian dollar against its U.S. counterpart, the Bank of Canada today cut its key overnight lending rate by 25 basis points to 2.5%. In a statement, the central bank said that although inflation remains below the target rate of 2% and the global economy is growing, […]

By Doug Watt |January 20, 2004

1 min read

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CPP is sound, says investment chief

(January 20, 2004) Despite the commonly held fear that the CPP will not be able to meet its obligations to those working today, it is in pretty good shape, according to the man in charge of private-sector investments for the CPP. “Many Canadians are unaware that we are now building the CPP’s reserve assets,” said […]

By Steven Lamb |January 20, 2004

2 min read

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CI insurance: Tax consequences and changing demographics

(January 20, 2004) The potential tax consequences of critical illness insurance (CI) was the subject of a popular seminar at the recent World Critical Illness conference in Victoria. Florence Marino, Manulife Financial’s assistant vice-president of tax and estate planning, delved into the Income Tax Act and CCRA’s interpretations of CI in front of a capacity […]

By Sheila Avari |January 20, 2004

3 min read

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Briefly:

(January 23, 2004) AGF Trust and Vancouver-based Canadian Western Trust (CWT) are joining forces to promote each other’s RSP products. Under the terms of a partnership announced today, AGF Trust’s product line will include CWT’s self-directed RSP account. CWT expands its line-up to offer AGF Trust’s RSP loan program and RSP match no-margin loan. “This […]

By Staff |January 19, 2004

6 min read

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Advocis steps up political campaign

(January 19, 2004) Advocis has launched a postcard campaign to promote its accreditation strategy and push for rule changes at the IDA and the MFDA. The association for financial advisors wants to reform Canada’s regulatory system based on designations, such as the CFP and the CLU. “In our view, designations, with their codes of conduct […]

By Doug Watt |January 19, 2004

2 min read

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