Industry

Definition of financial advice debated as Costello case concludes

(December 13, 2002) The professional fate of popular financial seminar speaker and media commentator Brian Costello is in the hands of an Ontario Securities Commission disciplinary panel. Hearings in the case wrapped up earlier this week, with arguments on both sides squarely focused on the issue of what constitutes financial advice. The OSC alleges Costello […]

By Doug Watt |December 13, 2002

4 min read

No merger mania for Manulife-Canada Life proposal in Talvest Town Hall

(December 13, 2002) Financial advisors were quick to comment in Advisor.ca’s chat forum this week about Manulife Financial’s plan to acquire Canada Life Financial. And some advisors expressed their reservations about the proposal. On December 9, Manulife bid more than $6.4 billion to acquire Canada Life in an unsolicited — some would call hostile — […]

By Jim MacDonald |December 13, 2002

3 min read

RESP RIP?: Education saving plan missing the mark, C.D. Howe suggests

(December 13, 2002) Registered education savings plans are missing the mark, doing little to improve access to post-secondary education for most Canadians, says a paper commissioned by the C.D. Howe Institute. The study concludes that RESPs should be phased out and rolled into the existing RRSP program. The study, authored by Kevin Milligan, associate professor […]

By Doug Watt |December 13, 2002

2 min read

Manitoba at centre of Canadian map of charitable giving

New Brunswick: 23.5% (0.64% — $883) Quebec: 22.7% (0.31% — $463) Newfoundland/Labrador: 21.2% (0.50% — $700) Statistics Canada says the generosity of Canadians has risen slowly, both in constant dollars and as a proportion of household income, for the past several decades. Related News Stories Charitable givers: Canadians donated more to charities in 2001 ‘Tis […]

By Jim MacDonald |December 12, 2002

3 min read