Industry News

Not so happy anniversary: 20 years since Black Monday

It’s an anniversary many wish they could forget, but 20 years ago today the financial industry was faced with its biggest one day market drop since October 1929. Black Monday, as it’s called now, saw the American markets fall 23% and the TSX drop 11% in a single day. Millions of dollars were lost, and […]

By Bryan Borzykowski |October 19, 2007

4 min read

Briefly:

(October 18, 2007) On Thursday, the Bank of Canada released its October Monetary Policy Report, which says the economy has been “stronger than projected” and is operating “further above its production potential” than previously expected. Since July, the BoC’s outlook for the U.S. economy has worsened, due to an appreciating Canadian dollar and tight credit […]

By Staff |October 18, 2007

3 min read

Thow’s misdeeds laid bare in hearing testimony

The sordid testimony of Ian Thow’s multi-million-dollar fraud hearing has been released by the British Columbia Securities Commission. The hearing details paint a picture of an advisor who excelled at earning client trust and abused that trust to commit excessive yet fairly straightforward securities fraud. It’s alleged that Thow, who is reportedly bankrupt and living […]

By Mark Noble |October 18, 2007

5 min read

Briefly:

(October 17, 2007) According to a new poll, Canadians’ interest in investing is waning. The 35th quarterly Manulife Investor Sentiment Index dropped 11 points to +20, after staying near its highest levels since 2001 for the past three quarters. Manulife says concerns over U.S. sub-prime mortgages and softer equity markets contributed to the decline in […]

By Staff |October 17, 2007

4 min read