Industry News

Commissions, mutual funds still preferred choice of planners: Survey

(June 9, 2004) Despite the industry’s ongoing debate over fees, Canadian financial planners are still relying on traditional methods of compensation, such as product commissions according to a new survey. The Credo Consulting study also indicates that while Certified Financial Planners favour mutual funds over all other investment choices, alternative products are also growing in […]

By Doug Watt |June 9, 2004

2 min read

Bond trader sets up election futures market

(June 8, 2004) Canadian bond trader Shorcan Group is offering investors a chance to bet on the outcome of this month’s federal election. The Toronto-based firm has set up a futures market and is accepting bids on the election, based on the popular vote percentage of the five main political parties contesting the June 28 […]

By Doug Watt |June 8, 2004

2 min read

Higher rates on the way, but not quite yet

(June 8, 2004) The Bank of Canada surprised few today when it announced it was maintaining its overnight lending rate of 2%, with the bank rate staying at 2.25%. “Economic information received since the release of the April Monetary Policy Report (MPR) has been generally consistent with the bank’s expectations for growth and core inflation, […]

By Steven Lamb |June 8, 2004

3 min read

Insiders weigh in on broker defections

(June 8, 2004) A recent rash of broker defections and subsequent rumours of legal action has reignited a dormant debate in Canada’s financial services industry — just who owns the client? RBC DS was stunned last month by the departure of Susan Latremoille, one of its star advisors from its Toronto office, who resurfaced across […]

By Geoff Kirbyson |June 8, 2004

4 min read