Industry News

Altamira operations re-branded National Bank

Altamira Investments Services’s distribution network is being converted into National Bank Securities as a way for the nation’s sixth largest bank to expand its brand recognition in English Canada. When Altamira was acquired by National Bank of Canada in 2002, it was already a well-known fund company with a particularly strong presence in Ontario. National […]

By Mark Noble |October 15, 2007

2 min read

Briefly:

(October 12, 2007) Federal Liberal leader Stephane Dion said Friday that he will cut the corporate tax rate if he’s elected. Dion, speaking to the Economic Club of Toronto, didn’t say how much he’d cut the tax but did say it would be deeper than the 0.5% promised by the Conservative government. In explaining why […]

By Staff |October 12, 2007

5 min read

Provincial regulator eases on seg fund proposal

The Saskatchewan Insurance Council has revised its controversial segregated fund marketing guidelines. The new document, to be released on October 16, is expected to take a much softer line. In June, the Council released a document entitled Proposed Segregated Fund Marketing Guidelines, which presented guidelines to be used during a disciplinary hearing to determine if […]

By Mark Noble |October 12, 2007

4 min read

Briefly:

(October 11, 2007) The Manitoba Securities Commission has ruled that mutual fund advisors in Manitoba can incorporate and receive their compensation through that corporation. “The Manitoba Securities Commission has issued orders under each of The Securities Act and The Commodity Futures Act to provide a registration exemption to permit a closely held corporation established and […]

By Staff |October 11, 2007

2 min read