Industry News

Equity market financing hits five-year high

(February 9, 2004) Stock market financing reached a five-year peak in the fourth quarter of last year with equity issues totalling $14 billion, the IDA says. Rising stock markets, continued economic growth in the U.S., low interest rates and tame inflation were the main reasons for the gains, the brokerage industry association said in its […]

By Doug Watt |February 9, 2004

1 min read

Financial planning added to CIFPs E&O coverage

(February 9, 2004) Fee-based financial planners will now be eligible for errors and omissions insurance (E&O) coverage under the terms of the Canadian Institute of Financial Planners’ (CIFPs) new E&O policy. The ACE-INA policy, revealed last week, has two categories — one for transaction-based planners and one for fee-based planners, says CIFPs managing director Keith […]

By Doug Watt |February 9, 2004

2 min read

Survey sees reasonable economic growth for Canada in 2004

(February 6, 2004) The Canadian economy can look forward to a year of moderate growth with low inflation and a stabilized exchange rate, according to a survey by Watson Wyatt, consultants in human capital and financial management. “The survey results reaffirm that the Canadian economy is on course for prosperity, as experts anticipate an improvement […]

By Steven Lamb |February 6, 2004

3 min read

MFDA responds to Advocis

(February 6, 2004) A letter-writing and postcard campaign on client account transfers, organized by Advocis, has generated a response from the MFDA. In a statement released yesterday, the MFDA said its board of directors has received a “number” of identical letters dealing with clients and account transfers, as well as postcards on the same topic. […]

By Doug Watt |February 6, 2004

2 min read