Industry News

Fair value accounting rarely fair

Industry experts are questioning whether fair value accounting for current and future assets is really providing the transparency and accessibility it originally promised. In a workshop conducted by Standard & Poor’s in Toronto on Thursday, bank officials, accountants, analysts, regulator spokespeople and ratings specialists squared off on whether or not the increased relevance offered by […]

By Romana King |June 13, 2008

4 min read

Briefly:

(June 12, 2008) Richardson Partners Financial has announced the opening of an office in Guelph, Ont., bringing the firm’s number of offices to 12, following last month’s opening in Sidney, B.C. “Guelph has one of the premier research universities, a diverse variety of manufacturing, service and high technology enterprises and is one of the fastest-growing […]

By Staff |June 12, 2008

3 min read

Economic clouds not so dark

The Canadian economy, as a whole, is in better shape than most people believe, according to Avery Shenfeld, managing director and senior economist for CIBC World Markets. But not surprisingly, that strength is regionally focused. “Where oil, gas, potash and metallurgical coal and other commodities in high global demand are the core of the economy, […]

By Staff |June 12, 2008

3 min read

Debate flares at Morningstar

If there’s any topic that can spark a heated debate, it’s the rising price of oil. Where the cost of the expensive commodity will go was the main topic of discussion during a Morningstar Investment Conference panel on Wednesday, with one forecaster saying we’ll see a barrel of crude hit $140, while another speaker said […]

By Bryan Borzykowski |June 12, 2008

4 min read