Industry News

Industry beaten up in 2008: IIAC

The securities industry took a hit in the final quarter of 2008, as a massive stock market sell-off swept the sector, according to the latest quarterly report from the Investment Industry Association of Canada (IIAC). Operating revenues fell by 7% in the final three months, while operating profits were beaten down by 46%, to $3.9 […]

By Steven Lamb |March 16, 2009

2 min read

Briefly: “Net worth fell by year end” and more news

By now it should come as no surprise that Canadian household net worth was eroded in the second half of 2008. The per capita loss, released by StatsCan, is at $14,000. Household net worth on a per capita basis fell from $179,300 at the end of Q2 to $165,300 by year-end. Between the end of […]

By Staff |March 16, 2009

2 min read

Investors willing to pay for predictability: study

A new study conducted by a pair of Canadian business professors using the British version of the popular game show Deal or No Deal has found people have a tendency to sacrifice profit for predictability. In the game show Deal or No Deal, hosted in North America by Howie Mandel, contestants randomly pick a briefcase, […]

By Mark Noble |March 13, 2009

5 min read

Briefly: “IIAC calls on G-20 for open trade, investment” and more news

The IIAC has issued a joint statement with its American counterpart, the Securities Industry and Financial Markets Association, calling for world leaders to resist protectionist temptation and keep the global market for trade and investment open. “Where new regulatory actions are deemed necessary at the national or international level, they should be crafted to guard […]

By Staff |March 13, 2009

3 min read