Industry News

U.S. dollar will weaken even more, says CIBC economist Fallback Image Decorative pattern

Industry

U.S. dollar will weaken even more, says CIBC economist

(September 22, 2003) The U.S. dollar may be overvalued, but today’s volatility in the currency markets should be short-lived, says CIBC senior economist Avery Shenfield. “In the long-term, the U.S. dollar probably has to weaken even further to get the U.S. out of a rut of a trade deficit and current account deficit,” he says. […]

By Steven Lamb |September 22, 2003

2 min read

Cartier Partners said to be entertaining several acquisition bids Fallback Image Decorative pattern

Industry

Cartier Partners said to be entertaining several acquisition bids

(September 22, 2003) With Assante and TWC Financial now off the consolidation table, industry attention is now turning to Cartier Partners Financial Group, with several bidders said to be vying for the Montreal-based financial planning firm. In May, the Caisse de dépôt et placement du Québec announced it was divesting its stake in Cartier. The […]

By Doug Watt |September 22, 2003

2 min read

Tom Rice named 2003 Career Achievement Award winner Fallback Image Decorative pattern

Industry

Tom Rice named 2003 Career Achievement Award winner

(September 19, 2003) After a 35-year career and numerous successes in the financial services industry, Tom Rice has reached the stage where he doesn’t need to work anymore. And although he stepped down as CEO of Rice Financial, the firm he founded, earlier this year, Rice is staying on as chair of Rice Capital Management, […]

By Staff |September 19, 2003

4 min read

CSA: Most firms behind schedule on STP Fallback Image Decorative pattern

Industry

CSA: Most firms behind schedule on STP

(September 19, 2003) Only half of market participants believe they are prepared to adopt straight-through processing (STP), but they might be over-optimistic, according to a survey by the Canadian Securities Administrators (CSA). The survey showed 52% of respondents said they were ready to switch to a fully automated system of processing securities transactions, but when […]

By Steven Lamb |September 19, 2003

1 min read