Industry News

Ontario opts out of passport model

(September 30, 2004) Six provinces and one territory have signed a deal pledging to work towards implementing the so-called “passport” approach to securities reform. However, Ontario is refusing to take part. Provincial ministers representing Quebec, New Brunswick, Manitoba, British Columbia, Saskatchewan, Alberta and Yukon met in Calgary today and signed an inter-provincial memorandum of understanding […]

By Doug Watt |September 30, 2004

2 min read

Advisors

(September 29, 2004) Financial advisors know little about socially responsible investing and therefore can’t offer useful advice on SRI products, an international online survey indicates. Although the Internet study — conducted by a PhD student at Australia’s Macquarie University earlier this year — is not statistically valid with only 400 respondents, it does reveal some […]

By Doug Watt |September 29, 2004

2 min read

Market timing dominates opening session at IFIC conference

(September 29, 2004) With all the recent regulatory and media scrutiny over market timing in the mutual fund industry, it perhaps wasn’t surprising that the issue quickly became the prevailing theme at the opening of IFIC’s annual conference on Wednesday in Toronto. Ned Goodman, head of Dynamic Mutual Funds, started the ball rolling during an […]

By Doug Watt |September 29, 2004

3 min read

Consumer groups leading charge for fund industry reform

(September 28, 2004) There’s optimism that the involvement of consumer groups will lead to substantial change in Canada’s much-maligned mutual fund industry. CARP, Canada’s Association for the Fifty-Plus, and the Small Investor Protection Association (SIPA) today officially released a report calling for numerous fund industry reforms, including the establishment of a new Investor Protection Agency. […]

By Doug Watt |September 28, 2004

3 min read