Industry News

Crocus shareholders hear details of Growthworks offer

There appears to be light at the end of the tunnel for investors in the beleaguered Crocus Investment Fund. About 650 shareholders were presented with a proposal Wednesday night from David Levi, CEO of GrowthWorks Capital, at a special meeting in Winnipeg that would see them receive a cash payment of $1.55 per share and […]

By Geoff Kirbyson |March 9, 2006

3 min read

Bank president pushes for insurance information in branches

The president of the National Bank of Canada says banks should be able to offer information on insurance products in branches, calling the current system “anachronistic and unjustified.” In a speech today to bank shareholders in Montreal, Réal Raymond said that the current regulatory framework “imposes serious limits on our insurance strategy and our ability […]

By Doug Watt |March 8, 2006

2 min read

What RRSP rush?

Conventional wisdom suggests that RRSP season is the busiest time of year for the financial services industry. This year though, more and more advisors say the weeks leading up to the March 1 deadline was hardly a time of stress or concern. In fact, RRSP season sounds like a relatively relaxed affair for planners with […]

By Kate McCaffery |March 8, 2006

3 min read

New trade association prepares for launch

It’s not even up and running yet, but the IDA’s recently spun-off trade association has already identified several key tax issues as it prepares for an April 1 launch. The new trade association will retain the Investment Dealers Association name, albeit with a new logo, and will be headed by IDA senior vice president Ian […]

By Doug Watt |March 7, 2006

2 min read