Industry News

Regulators create new insurance complaint reporting system

(August 22, 2005) Insurance regulators in Ontario and Quebec are joining forces on a new complaint reporting project, expected to be the blueprint for a future national system. The change, which resulted from an industry-wide working group established at the beginning of the year, will require insurance companies in both the property/casualty and life and […]

By Doug Watt |August 22, 2005

2 min read

Winnipeg money manager back in the game

(August 22, 2005) Larry Sarbit, one of Canada’s best-known value investors, has struck out on his own with the creation of Sarbit Asset Management, which officially opened its doors for business today. Sarbit has been working on the launch since resigning from AIC in April. He says didn’t entertain offers from other firms. In fact, […]

By Geoff Kirbyson |August 22, 2005

3 min read

TSX seeks input on ticker extensions

(August 19, 2005) The Toronto Stock Exchange is seeking comment from market participants on the use of stock ticker extensions to denote voting status of the different classes of shares listed on the market. The new standard came into effect September 30, 2004 and added suffixes such as “SV”, “NV” and “MV” to shares to […]

By Steven Lamb |August 19, 2005

2 min read

MFDA issues investment loan warning

(August 19, 2005) Danger, free money. The MFDA has issued a warning to members regarding what it calls misleading communications involving investment loans. “MFDA staff has become aware of communications sent by affiliated financial institutions of fund managers to MFDA members, which promote investment loans in a manner that is misleading and contrary to the […]

By Philip Porado |August 19, 2005

2 min read