Industry News

Briefly:

(May 10, 2007) The TSX is hoping an expansion into new markets will help the company thrive in an era of growing global competition, according to Rik Parkhill, president of TSX Markets. “We at TSX operate in a very competitive global environment and we see competition in our listings, trading and data business everyday,” Parkhill […]

By Staff |May 10, 2007

3 min read

HNW market tough nut to crack

The high-net-worth marketplace in Canada is booming and does not appear to be letting up. With a projected growth rate of nearly 88% over the next seven years, it’s a hotbed of opportunity for advisors across all wealth-management channels, according to Earl Bederman, president of Investor Economics. Speaking to advisor audience members Wednesday at a […]

By Heidi Staseson |May 10, 2007

4 min read

OBSI relies on bad publicity

In the hierarchy of regulators and industry overseers, the Ombudsman for Banking Services and Investments may, at first glance, not appear to be very powerful. While provincial regulators or the SROs can end a career, OBSI can only make non-binding recommendations for investor compensation. But the ombudsman does have a powerful weapon in his arsenal: […]

By Steven Lamb |May 10, 2007

3 min read

Briefly:

(May 9, 2007) BMO Capital Markets is still in damage control after it reported trading losses that could be as high as $450 million. The bank says it is conducting an external review of its trading activities and will be suspending all business relationships with the brokerage firm Optionable Inc., including all derivatives trading through […]

By Staff |May 9, 2007

3 min read