Industry News

Bank advisors increasingly dominant

(July 5, 2004) After lagging behind the rest of the advice industry in the 1990s, Canada’s big banks are fast becoming the dominant players in the field, according to Toronto-based consultancy group, Investor Economics. Having probed the banks’ growth in the fund industry in its May issue of Investor Economics’ Insight, the June edition looks […]

By Steven Lamb |July 5, 2004

3 min read

Ontario seeks input on new rules for mortgage brokers

The Ontario government is proposing sweeping changes to the Mortgage Brokers Act, legislation that has not been significantly updated for 30 years. The Financial Services Commission of Ontario (FSCO) — the agency responsible for overseeing mortgage brokers in the province — says it wants to improve consumer protection, streamline regulation and harmonize Ontario’s rules with […]

By Doug Watt |July 2, 2004

2 min read

Ontario regulatory reform proposal unrealistic, Advocis says

(July 2, 2004) Ontario’s latest push for securities regulation reform is unlikely to be successful, according to the country’s largest association of financial advisors. Last week, Ontario Management Board chair Gerry Phillips unveiled a new proposal that would see the creation of a single regulatory agency enforcing one set of securities laws. At the same […]

By Doug Watt |July 2, 2004

3 min read

Advisors weigh in on election results

(June 30, 2004) B.C. advisor Beatrice Grant took more than a casual interest in Monday’s federal election. Grant worked with the Conservative party in her riding of South Surrey-White Rock-Cloverdale, helping candidate Russ Hiebert capture the seat with 43% of the vote. “He ran a really good campaign and I think he is going to […]

By Doug Watt |June 30, 2004

3 min read