Industry News

Canaccord faces stiff fine from IDA

The IDA has levied a fine of $750,000 on Canaccord Capital Corporation and co-branch managers Donald Grant Macdonald and Paul Peter DiPasquale. The fine is the result of an admission that the firm failed to properly supervise the activities of John Frederick Pryde, who is no longer with the firm. In the settlement reached with […]

By Steven Lamb |December 4, 2006

3 min read

RRSP season starts with a bang

Finance Minister Jim Flaherty’s income trust bombshell appears to have had little effect on the mutual fund industry. IFIC estimates preliminary net sales for November at around $2.3 billion. “This marks the highest November sales since 2001 and the fifth straight month in which net assets have increased,” said Pat Dunwoody, vice-president, member services & […]

By Staff |December 4, 2006

1 min read

Briefly:

(December 1, 2006) The board of directors of the Montreal Exchange has decided in favour of listing the exchange’s shares on stock markets, starting in the spring of next year. The board also announced Friday that it will proceed with the listing without an initial public offering. “The board’s decision to list the Montreal Exchange’s […]

By Staff |December 1, 2006

4 min read

Fundcos celebrate strong year at investment awards show

The annual Canadian Investment Awards were handed out in Toronto last night, recognizing the best and brightest in the mutual fund industry. The Morningstar Fund Manager of the Year went to Allan Jacobs of Sceptre Investment Counsel Limited. For the past 16 years, Jacobs has managed the Sceptre Equity Growth Fund, which was named the […]

By Steven Lamb |December 1, 2006

3 min read