Industry News

Briefly:

(September 21, 2007) Misconduct at the head office and Joliette branches of National Bank Financial resulted in penalties of nearly $900,000 being levied against the bank itself and one of its registered representatives. The IDA has hit National Bank Financial with a $795,000 fine, after it admitted to allowing “repeated misconduct” by a team of […]

By Staff |September 21, 2007

3 min read

Regulation no match for good governance

Many regulatory or ethical mishaps are created by situations that simple regulation cannot solve, a pair of leading compliance experts argue. A focus on governance rather than regulation is a better way for companies to stay out of trouble, according to Janis A. Riven and Paul Belanger, co-presenters on good governance practices at the ninth […]

By Mark Noble |September 21, 2007

4 min read

Briefly:

(September 20, 2007) The Canadian dollar briefly hit parity with its U.S. counterpart at 10:58:53 this morning, setting a new high-water mark not seen since 1976. The loonie even edged above the greenback for a few seconds, to $1.0002 U.S. The fresh weakness in the U.S. dollar came on word that the central bank of […]

By Staff |September 20, 2007

2 min read

Market overreacting to sub-prime: CIBC

America’s sub-prime mortgage folly has spread uncertainty throughout global markets, driving investors to finally re-examine their risk tolerance. But a new study suggests the market has overreacted. While rising interest rates earlier in 2007 resulted in immediate market turmoil, there have been warnings that the real catastrophe will not occur until 2008, when the bulk […]

By Steven Lamb |September 20, 2007

2 min read