Industry News

IFIC releases guidelines on fund trading

mandatory deterrence fees for inappropriate short-term trading fair value pricing restricting future purchases in client accounts where market timing or inappropriate short-term trading is identified. “It is important to give fund managers the flexibility to protect the interests of their unitholders,” says Hockin. “Through the use of one or several of these tools, IFIC is […]

By Steven Lamb |August 25, 2004

3 min read

Global manipulation suppressing gold prices, study concludes

(August 24, 2004) The price of gold has been spending a lot of time lately over the $400 US an ounce mark as a result of international tensions, but it is still grossly undervalued, according to John Embry, chief investment strategist at Sprott Asset Management. “We believe gold is well launched into a multi-year bull […]

By Steven Lamb |August 24, 2004

3 min read

Briefly:

(August 27, 2004) Royal Bank of Canada has released its latest quarterly earnings report, showing a slight, 1% dip in profits, at $768 million based on U.S. generally accepted accounting principles (GAAP). Under Canadian GAAP, profits were off 5% at $746 million. The earnings decline comes as increases in total revenues, which were up $103 […]

By Staff |August 23, 2004

7 min read

Advocis proposal sparks lively debate

(August 23, 2004) It’s not a new proposal, but Advocis’ position that financial advisors should be regulated by a new independent professional body has stirred up fresh debate in Advisor.ca’s Talvest Town Hall. Advocis president Steve Howard provided details of the Advocis model before an Ontario government committee last week. According to Howard, securities regulators […]

By Doug Watt |August 23, 2004

2 min read