Industry

CSA chair calls for review of SRO system

(January 29, 2003) Canada’s self-regulatory organizations would benefit from a structure that encourages competition, says Doug Hyndman, chair of the Canadian Securities Administrators. Hyndman says he’s concerned that SROs are becoming monopolies, leaving dealers no choice as to what organization they work with. Hyndman was the keynote speaker today at a Toronto conference sponsored by […]

By Doug Watt |January 29, 2003

3 min read

OSC creates separate investment funds branch

(January 29, 2003) The Ontario Securities Commission is consolidating two staff groups working on investment funds policy into a new branch and putting them under a new director. Susan Silma is the new director of the Investment Funds Branch at the OSC. A lawyer with an MBA, Silma was general counsel for Working Ventures, which […]

By Scot Blythe |January 29, 2003

2 min read

Investors paying closer attention to fund fees,

(January 28, 2003) As markets continue to underperform, investors are paying more attention to mutual fund fees, according to Maclean’s annual ranking of Canadian mutual funds. Some of those fees are on the rise, the survey indicates. According to Morningstar Canada, who conducted the survey for Maclean’s, management expense ratios (MERs) have been increasing for […]

By Doug Watt |January 28, 2003

3 min read

Geopolitical wild cards could derail growth in 2003, say economists

(January 27, 2003) Look out for wild cards such as a war with Iraq in 2003, economists say. Consulting firm Watson Wyatt gathers projections from Canada’s leading economists and portfolio managers for its annual survey of economic expectations, released last week. The survey contains positive forecasts for some key economic indicators, with economists expecting the […]

By Caroline Cakebread |January 27, 2003

3 min read