Industry News

Provinces can take first step to national regulation, says regulator

(April 20, 2004) The road to a national securities regulator could begin with a co-operative agreement involving as few as two provinces, says the chair of the Ontario Securities Commission (OSC). Ontario and Alberta are the two most logical choices, OSC chair David Brown said today following a speech in Toronto promoting the concept of […]

By Doug Watt |April 20, 2004

2 min read

Briefly:

(April 23, 2004) Pension fund returns continued to grow in the first quarter, buoyed by strong performance in their stock portfolios, according to Mercer Investment Consulting. “The major equity market indices posted very solid returns in the first two months of the year with a modest reversal in March,” said Marcel Larochelle, practice leader for […]

By Staff |April 19, 2004

8 min read

Scrap fund governance proposals: Stromberg

(April 19, 2004) Securities lawyer Glorianne Stromberg has joined the growing chorus of advocates railing against new mutual fund governance rules proposed by the Canadian Securities Administrators (CSA). Stromberg says the changes will not serve the interests of investors or the fund industry and should be withdrawn. “If the proposals are implemented in their present […]

By Doug Watt |April 19, 2004

2 min read

Questions raised over possible trust loophole

(April 16, 2004) The federal budget issued in March could contain a massive loophole which will benefit pension plan members in Quebec only, according to a well-known financial author. Gordon Pape says the Caisse de dépôt — and by extension any pension funds administered by it — will be exempt from the rules governing business […]

By Steven Lamb |April 16, 2004

3 min read