Industry News

Industry feels impact of job losses

It’s no secret Canada’s in a recession, but just how bad it is came to light on Friday, as Statistics Canada reported that January was the worst month on record for job losses. The impact was felt in Canada’s mutual fund industry, as at least two more firms shed jobs this week. The Canadian economy […]

By Mark Noble |February 6, 2009

4 min read

Preventing structured product crises

The securitization market at the heart of the subprime fiasco may be dormant now, but it will reawaken, says one industry expert, and reforms are needed to tame the risks it exposed. Loan standards in the U.S. were relaxed starting around the year 2000, with increasing recourse to subprime mortgages. Before then, subprime mortgages had […]

By Scot Blythe |February 6, 2009

4 min read

Executive pay draws scrutiny

Canada’s big banks will be under the microscope at their upcoming annual meetings, once again facing shareholder proposals on executive compensation. Meritas Mutual Funds, with assistance from SHARE (Shareholder Association for Research and Education), has filed shareholder resolutions at all five of Canada’s big banks asking for shareholders to be able to provide to the […]

By Doug Watt |February 6, 2009

2 min read

Briefly: “TD shores up Ameritrade stake” and more of Friday’s news

TD Bank Financial Group has confirmed it is in talks to increase its ownership stake in TD Ameritrade Holding Corp., the parent company of the online brokerage with the same name. TD had been limited to owning no more than 39.9% of the company, but that limit was raised to 45% on January 24, 2009. […]

By Staff |February 6, 2009

2 min read