Industry News

Briefly:

(November 28, 2006) RBC Dominion Securities has agreed to pay $80,000 plus $10,000 in costs after it admitted to the Investment Dealers Association of Canada that it failed to notice a $420-million capital–ratio deficiency last June. According to one media report, the error was traced to a securities borrowing transaction in which RBC placed “excess […]

By Staff |November 28, 2006

3 min read

Global outlook remains strong: GGOF

Canadian investors are once again being told to cash in some of their Canadian oil profits and look abroad, before the markets succumb to the long-anticipated slowdown. The prophets of foreign profits this time around are Gavin Graham and a pair of globally focused portfolio managers for Guardian Group of Funds. “Canada has been by […]

By Steven Lamb |November 28, 2006

3 min read

Boomers face tough choices for retirement

No money left over to save (58%) Started saving too late (44%) Still supporting kids (28%) Health issues (22%) Job issues (20%) Many of them now regret their late start: 81% said they wish they had started earlier, and 91% agreed that saving enough to retire on takes a lot of planning and advice. “It […]

By Steven Lamb |November 27, 2006

2 min read

Briefly:

(November 27, 2006) Almost all of Canada’s provincial regulators are moving ahead with the passport model, approving the next phase of its implementation: harmonizing and streamlining securities laws across the country. The system will allow issuers and registrants to deal with only the regulator governing their principal jurisdiction, while giving them access to capital markets […]

By Staff |November 27, 2006

4 min read