Industry News

Fewer Canadians working with financial professionals, survey concludes

(September 9, 2003) The number of Canadians using the services of a financial professional to help manage their money appears to be on the decline. A consumer survey released today by the Financial Planners Standards Council (FPSC) reveals that 39% of Canadians are currently working with a financial professional, compared to 49% when the same […]

By Doug Watt |September 9, 2003

3 min read

Industry

Canada should think twice about Sarbanes-Oxley, experts say

(September 8, 2003) The Sarbanes-Oxley Act came in for some harsh criticism today at a one-day corporate governance symposium in Toronto, attended by academics and regulators from around the world. The legislation, passed quickly by American politicians last year in the wake of a series of accounting scandals, imposes tough new regulations on U.S. corporations […]

By Doug Watt |September 8, 2003

3 min read

Industry

Parents dread tuition costs, but few have RESPs

(September 5, 2003) Canadian parents are not saving enough for their children’s post-secondary education, according to an Ipsos-Reid poll conducted for Scotiabank, with 65% saying tuition increases are making a university education impossible. “The cost of post-secondary education and how to finance it is a concern for the majority of Canadian parents,” said Ron Laursen, […]

By Steven Lamb |September 5, 2003

3 min read

Industry

Ontario court case sparks fiduciary responsibility debate

(September 5, 2003) Just what is a fiduciary relationship? That’s the question advisors are asking in the wake of a recent court ruling. The Ontario Court of Appeal reversed an earlier decision against a broker who was accused of breaching his fiduciary responsibility by engaging in the unauthorized trading of shares. Mark Schram of TD […]

By Doug Watt |September 5, 2003

3 min read