Industry

Briefly:

Clearing agencies in Ontario will soon be required to obtain a recognition order or an exemption, according to a staff notice from the Ontario Securities Commission (OSC). Effective March 1, 2011, “the new mandatory recognition requirement for clearing agencies will provide the tools necessary to impose requirements on all entities that perform this critical role,” […]

By Staff |March 19, 2010

3 min read

Briefly:

Advisors in the UK may be facing a formidable competitor: their own government. Chancellor of the Exchequer Alistair Darling has launched a new website which promises to deliver impartial financial advice to users. Perhaps slightly more disturbing than all the free financial advice, the website – moneymadeclear.co.uk — also provides instructions on what action to […]

By Staff |March 18, 2010

3 min read

Young couples opting for separate accounts

An increasing number of young Canadian couples are choosing to keep their fiscal matters divorced, according to a new study by RBC. The study, which focused on couples between 18 and 35 years of age, reveals that a third (34%) of them keep completely separate bank accounts and financial portfolios owing primarily to the need […]

By Vikram Barhat |March 18, 2010

3 min read

Loonie’s race toward parity proves value of hedging

The current pattern of volatility in global currency markets and the recent rally in the loonie against the U.S. dollar are having a menacing effect on the investors with exposure to foreign markets. Currencies are much more volatile today than they have been in ages — a function of world-wide changes in economic or financial […]

By Vikram Barhat |March 17, 2010

4 min read