Industry

Equity issuance rises in Q3: IIAC

The value of Canadian stock issuance rose dramatically in the third quarter, but much of the increase was due to a single large issuer, according to the Investment Industry Association of Canada (IIAC). Total issuance value for Q3 topped $15.2 billion, more than double the sum raised on capital markets in the same quarter of […]

By Staff |November 30, 2009

1 min read

MGAs must

Like it or not, managing general agents (MGAs) must accept they have vicarious and even direct liability, and therefore have a duty to supervise the advisors with whom they deal, according to Peter Lamarche, president financial services, Blonde & Little. Speaking at the Advocis Symposium on The Future of Financial Services Distribution in Canada, Lamarche […]

By Steven Lamb |November 27, 2009

3 min read

Dubai a hangover, not a new crisis

Have your clients been calling about Dubai World, asking whether everything’s going to come crashing down again? Observers say it’s nothing to fret over, as Dubai’s problems are just part of the long unwinding of the global credit crisis. Stock markets were hammered yesterday by news that Dubai World, a government sponsored investment fund, was […]

By Mark Noble |November 27, 2009

4 min read

Briefly:

The Investment Industry Association of Canada (IIAC) has awarded the inaugural IIAC Industry Scholarship Award to Steven Brophy, vice-president and managing director, BMO Nesbitt Burns. Brophy will receive funding to attend the SIFMA Securities Industry Institute. “The IIAC could not be more pleased than to honour Steven Brophy as the inaugural winner of the IIAC […]

By Staff |November 27, 2009

2 min read