Industry News

Montreal ABCP meeting: What it means for client investments

The standstill period for the Montreal Accord on non-bank asset-backed commercial paper expires on Friday. The industry is expecting an announcement on how more than $30 billion in outstanding ABCP will be restructured. The decision will have little direct impact on retail investors, but there could be some spillover that will affect money market funds. […]

By Mark Noble |December 14, 2007

4 min read

Briefly:

(December 13, 2007) The Investment Dealers Association’s been busy. On Thursday the organization fined two people a total of $50,000. Hal Julian Biren was slapped with a $25,000 fine after admitting that between February 2001 and March 2004 he “failed to use due diligence to learn and remain informed of the essential facts relative to […]

By Staff |December 13, 2007

3 min read

December tax-planning reminders

Prudent tax planning in December is key to creating a worry-free tax filing for April, according to a pair of tax experts. The importance of tax planning in December is twofold. First, as the end of the year approaches, so do the deadlines that will determine the eligibility of expenditures and deductions to be included […]

By Mark Noble |December 13, 2007

3 min read

Briefly:

(December 12, 2007) An Ontario court has cleared the way for investors who hold Portus notes in a registered account to sell the notes to a third party without triggering a taxable event. The motion to allow investors to sell their claim on Portus’s assets was submitted by lawyers for KPMG, the receiver in the […]

By Staff |December 12, 2007

3 min read