Industry News

Briefly:

(July 20, 2006) Rice Financial Group has reached a deal to purchase the right to service and the revenues generated from Victoria-based life insurance provider Sawyer & Sawyer’s clients in Ontario, Manitoba and Saskatchewan. The agreement gives Sawyer & Sawyer’s clients access to an advisor who can work on all their financial needs, the two […]

By Staff |July 20, 2006

3 min read

Boutique firm looks to bulk up

One of Canada’s youngest brokerage firms is determined to play with the big boys. Toronto-based MGI Securities plans to more than double in size over the next two years, from 43 advisors to about 100 and from $2 billion in assets under management to between $6 billion and $7 billion. Sam Collins, senior vice-president of […]

By Renée Alexander |July 20, 2006

4 min read

Briefly:

(July 19, 2006) The British Columbia Securities Commission has issued a notice of hearing alleging that Ian Gregory Thow violated securities laws and perpetrated a fraud on B.C. investors. The notice says between January 2003 and May 2005 Thow told clients he was able to invest money for them in various securities, including mortgages and […]

By Staff |July 19, 2006

5 min read

Energy stocks can be a mixed bag

Ask virtually anyone what has been powering the TSX through the recent bull run and you’ll get the same answer: Huge profits in the energy sector. But that seemingly easy answer may be only half true. While Canada’s oil producers have reaped the benefits of soaring crude prices, the natural gas side of the sector […]

By Steven Lamb |July 19, 2006

2 min read