Industry News

Norshield receiver finds $35 million more

Norshield group’s retail creditors — who could be looking at recoveries of as low as three cents on the dollar from their $132 million investment in the failed Montreal hedge fund complex that sponsored the Olympus United funds — may be able to draw on an additional $35 million identified by receiver RSM Richter. Prosecution […]

By Scot Blythe |May 15, 2006

4 min read

Briefly:

(May 12, 2006) Dan McTeague, the Liberal MP for Pickering-Scarborough, Ont., has introduced a private members bill to make registered education savings plans tax deductible. The bill, which was introduced on May 4, would align the regulations around RESPs with RRSPs, making them dollar-for-dollar tax-deductible. The plan would allow contributions up to a maximum annual […]

By Staff |May 12, 2006

3 min read

NBSC issues investor alert

The New Brunswick Securities Commission is warning investors across Canada, but particularly New Brunswickers, about an investment scheme that appears to be the work of a serial scam artist. The NBSC issued an investor alert and a temporary cease-trade order against First Global Ventures S.A. and Al Grossman on Thursday after the respondents were found […]

By Mark Brown |May 12, 2006

2 min read

Seniors prefer the personal touch, study suggests

A new generational study of financial consumers reveals that seniors are more likely to rely on advisors, despite anecdotal evidence that many retirees prefer the do-it-yourself approach. The Forrester survey found that 35% of seniors are “delegators” — leaving all their financial decisions to a professional. That compares to 31% of boomers who described themselves […]

By Doug Watt |May 12, 2006

2 min read