Industry News

Briefly:

(January 24, 2007) A hearing panel of the IDA has imposed a $20,000 fine and a two-year suspension on Robert Faiello, who was formerly employed at the Richmond Hill office of RBC Dominion Securities. At a January 16 hearing, Faiello admitted that between May and November 2004, he engaged in business conduct or practice that […]

By Staff |January 24, 2007

5 min read

Risk tolerance key to investment loans

Generally speaking, debt is a bad thing. Sure, there are “good” kinds of debt, such as mortgages, but no matter how you slice it, debt is a liability, and evidence suggests that Canadians are carrying more than ever. A StatsCan study from last month found that from 1999 to 2005, the accumulated personal debt of […]

By Mark Noble |January 24, 2007

4 min read

Briefly:

(January 23, 2007) The Canadian Association of Income Trust Investors charges that the federal Conservative government has created an unfair double-standard for Canadian retirees, where public sector employees are allowed to benefit from tax advantages denied to the majority of Canadians. The group said the Conservatives have implemented a subtle yet profound change to their […]

By Staff |January 23, 2007

5 min read

A tale of two NAVs

Industry experts are scrambling to minimize confusion over the way mutual funds calculate their daily net asset value. Investors, mutual funds and advisors want NAV calculated the way it has been — based on daily closing prices — while accountants want NAV calculated based on bid/ask prices. Changing the way NAVs are calculated creates a […]

By Mark Brown |January 23, 2007

4 min read