Industry News

Briefly:

(December 27, 2006) The U.S. economy is on track to shake off the slumping housing market and avoid a recession in 2007 while Canada continues to work through a moderate, albeit short-lived, slowdown, according to Laurentian Bank Securities economists. According to Carlos Leitao, Laurentian’s chief economist and strategist, the U.S. housing market will undergo only […]

By Staff |December 27, 2006

4 min read

Small dealers resign from the MFDA en masse

The Mutual Fund Dealers Association of Canada could be on a path to becoming a self-regulatory organization without any members to oversee. The number of MFDA member firms is dropping at a rate of approximately 10% a year, down from a high of about 220 firms in 2002 to its current level of 170. And […]

By Mark Brown |December 27, 2006

6 min read

Briefly:

(December 22, 2006) The federal government has tabled a draft version of the legislation that will impose a tax on income trusts, under the Tax Fairness Plan, announced October 31. In a superfluous adherence to the legislative process, the government is now seeking “constructive commentary” on the plan. There has already been ample hue and […]

By Staff |December 22, 2006

2 min read

A bumpy ride

It has been a record-breaking year for the markets in 2006. The S&P/TSX Composite Index and the Dow Jones both topped 12,000 for the first time ever; oil’s gone from $60 a barrel to a record $78 and back down again; gold hit a 26-year high of $732 an ounce; and income trusts fell out […]

By Craig Sebastiano |December 22, 2006

3 min read