Industry News

Markets continue to weaken: IIAC

The securities industry continued its downward spiral in the first quarter of this year, with total operating revenues falling 9% to $3.9 billion from Q4, and 14% year-over-year, says a new Investments Industry Association of Canada securities industry performance report. Operating profits also dropped, declining 15% from the previous quarter and 37% from the same […]

By Bryan Borzykowski |May 28, 2008

3 min read

Briefly:

(May 27, 2008) The Independent Financial Brokers of Canada revealed on Tuesday that it has put in place a new errors and omissions insurance program for its members. Plan members can expect enhanced coverage rates that are “equal to or lower than those they have paid in previous years.” The organization says individual broker plans […]

By Staff |May 27, 2008

2 min read

Brace your clients for higher inflation: Rubin

The rising cost of oil isn’t just hurting drivers’ wallets; it’s harming Canada’s low inflation rate — and your clients’ financial plans — as well. A new CIBC World Markets report says the price of shuffling goods and raw materials around the world has increased dramatically, and that’s driving up inflation. “Exploding transport costs may […]

By Bryan Borzykowski |May 27, 2008

3 min read

IFB Summit: Compliance pays off

The future is filled with documentation, according to the Mutual Fund Dealers Association. In a presentation at the Independent Financial Brokers’ Spring Summit, Ken Woodard and Ian Strulovitch confirmed that the MFDA would continue to push the practice of documentation. The mention of high-profile cases, such as Portus and the infamous Ian Thow under the […]

By Romana King |May 27, 2008

5 min read