Industry

Client relationship reforms get the okay

The Investment Industry Regulatory Organization of Canada (IIROC) got the green light to implement comprehensive reforms intended to enhance the relationship between investors and advisors. CSA gave approval March 22 to amended rules in the Client Relationship Model that provide greater disclosure requirements for advisors and enhance the standards they must meet when assessing the […]

March 26, 2012

2 min read

Investors approve Sun Life, McLean Budden fund mergers

McLean Budden and Sun Life Global Investments have received investor approval for certain mutual fund mergers, previously announced on Dec. 8, 2011.

By Staff |March 26, 2012

2 min read

RBC and TD herald end of mortgage war

The mortgage war reignited by BMO barely a couple of weeks ago may end sooner than expected as RBC decides to raise its residential mortgage rates, effective March 29, 2012, promptly followed by Toronto-Dominion Bank. Both RBC and TD are moving their special four-year fixed-rate mortgages up by 50 basis points to 3.49%. The rate […]

By Vikram Barhat |March 26, 2012

1 min read

Women tilting scales of household economics

More than one-quarter (26%) of working women are the sole or primary income earners in their households, and a significant majority of Canadian working women (86%) consider their income as necessary in maintaining the household lifestyle, according to the latest poll from Investors Group. The group’s new research also reveals that women like the breadwinning […]

March 26, 2012

2 min read