Industry

Hyndman confident about national regulator

A single national regulator is essential to Canada, as it will give the country better regulation at home and a greater voice abroad, according to the man charged with developing the Canadian Securities Regulator. Doug Hyndman, chair and CEO of the Canadian Securities Regulation Regime Transition Office (CSTO), admits the goal is ambitious as there […]

By Steven Lamb |September 24, 2009

3 min read

Fidelity steps up Canadian presence

Fund giant Fidelity Investments Canada has announced a number of changes to its Canadian business that will impact advisor business. Among these is its entrance into the back-office business of Canadian broker/dealer firms. Fidelity Clearing Canada ULC, a new business dedicated to providing clearing, custody and back-office support services to Canadian-based brokerage firms and the […]

By Mark Noble |September 24, 2009

5 min read

Briefly: ‘HST impact concerns small business owners’ and more news

Small business owners in Ontario are worried about the effect of the harmonized sales tax (HST) on their bottom lines, according to a survey conducted by the Canadian Federation of Independent Business (CFIB). “Governments have clearly dropped the ball in their handling of this critical tax reform initiative,” said CFIB’s Ontario director Satinder Chera. “The […]

By Staff |September 24, 2009

3 min read

Putting the S back into SRO

Canada’s self regulatory organizations could take on a lot more responsibility in the future, bringing regulation closer to actual financial industry participants. The question is, does anyone in the industry want that? “Self-regulators have become far more robust,” said Paul Bourque, associate partner with the financial advisory practice of Deloitte & Touche, speaking at the […]

By Steven Lamb |September 23, 2009

3 min read