Industry

BCSC secures order for sale of property owned by fraudster

The British Columbia Securities Commission (BCSC) has obtained a court order for the sale of property in Hawaii, the proceeds of which will be returned to the fraud victims of a former mutual fund representative. Read: Regulator alleges B.C. man committed fraud The court order from the Third Circuit Court of the State of Hawaii […]

By Staff |July 27, 2018

2 min read

CI changes risk ratings for funds

CI Investments Inc. has changed the risk ratings for 24 of its mutual funds, the firm announced Thursday. The changes, which are effective immediately, were made after an annual review and are not the result of any changes to the investment objectives, strategies or management of the funds, CI said in a release. The changes […]

By Staff |July 26, 2018

2 min read

CSA keeps status quo on director independence

CSA will keep its current approach to determining director and audit committee member independence, the regulator said Thursday. “CSA Staff Notice 52-330 Update on CSA Consultation Paper 52-404 Approach to Director and Audit Committee Member Independence” summarizes the feedback received about the regulator’s approach to determining the independence of directors and audit committee members. It […]

By Staff |July 26, 2018

1 min read

Housing sector faces instability for eighth straight quarter: CMHC

The Canada Mortgage and Housing Corporation says the country’s housing sector is facing a high degree of vulnerability to market instability for the eighth straight quarter. The Crown corporation attributes the vulnerability to overvaluation and price acceleration in Toronto, Vancouver, Victoria, and Hamilton. It rated Edmonton, Calgary, Saskatoon, Regina as having moderate levels of vulnerability […]

By The Canadian Press |July 26, 2018

1 min read