Industry News

Tracking error (Blythe on blogs)

It seems odd that crisis brings out vigorous debate, while good times encourage a certain placidity. Certainly, no one’s ready to say it’s time to jump back in the water again, — the underlying assumptions have not changed. But one has to wonder whether there would be so much spirited comment if there were not […]

By Scot Blythe |April 17, 2009

5 min read

IIROC calls for disclosure on OTC trades

A proposed rule change and guidance note published April 17 by the Investments Industry Regulatory Organization of Canada would amend existing requirements by mandating yield disclosure for fixed income securities, including bonds, on OTC markets. If approved, the rules would require dealers to include disclosures on confirmations sent to retail clients if the firm’s remuneration […]

By Philip Porado |April 17, 2009

2 min read

Beware the

Carrying a high dividend yield is not a sign a strength in this bear market, a Merrill Lynch study warns. If anything, high yields should be viewed as red flag rather than an incentive to invest. Rapid and extreme price depreciation on U.S. stocks has created what Savita Subramanian, head of U.S. quantitative strategy for […]

By Mark Noble |April 17, 2009

3 min read

Briefly:

With the income tax filing deadline fast approaching, Canada Revenue Agency wants to reiterate that cheating on taxes is not only wrong, it’s illegal. The CRA says tax cheats face fines, penalties, and even jail, in addition to the fact they must always pay the taxes they tried to evade. In 2007/2008, the CRA says […]

By Staff |April 17, 2009

3 min read