Industry News

Briefly:

(July 30, 2007) RBC announced Monday that their former chairman and CEO, Rowland Cardwell, passed away on July 29. Cardwell led the bank from 1980 to 1986. “Rowland Frazee presided over RBC during one of the more challenging periods of our history, and his leadership was invaluable to our company, our industry and our country,” […]

By Staff |July 30, 2007

3 min read

CDOs and mortgage debt: The latest market bogeymen?

(August 2007) Collateralized debt obligations comprised of U.S. mortgage backed securities may have exposure to U.S. sub-prime loans. While most Canadian investors likely don’t invest in CDOs, they might have indirect exposure, leaving some to wonder whether mortgage-backed securities are a backdoor for sub-prime troubles to enter Canada. A CDO can be a very complex […]

By Mark Noble |July 30, 2007

4 min read

Briefly:

(July 27, 2007) This week’s market volatility has proven to be quite profitable for some, and not just the short-sellers. The TSX announced a one-day trading record was hit on Thursday, with 636,327 trades being filled. That tops the previous record set on February 27, 2007, of 615,066 trades. Total volume for the day was […]

By Staff |July 27, 2007

2 min read

IIAC takes issue with IDA notices

There comes a time in every kid’s life where they have to challenge their parents. In this case, the Investment Industry Association of Canada, which used to be part of the Investment Dealers Association, has a beef with the SRO. In early July the IIAC sent Paul Bourque, the IDA’s senior vice-president of member regulation, […]

By Bryan Borzykowski |July 27, 2007

2 min read