Industry News

Finance minister kicks off budget consultations

(January 12, 2004) Despite mixed economic signals, Canada’s freshly minted federal finance minister says Ottawa remains committed to new spending on healthcare, debt reduction and tax cuts. Ralph Goodale kicked off a series of pre-budget consultations with a speech this morning in Regina. “Our immediate challenge for 2003-04 is keeping ourselves in the black while […]

By Doug Watt |January 12, 2004

3 min read

Independent review committees proposed for mutual funds

(January 9, 2004) Mutual funds will soon be required to set up independent review committees to oversee fund managers and monitor potential conflicts of interest, a move some critics are calling a “half measure.” The proposed new fund governance rule was published for comment today by the Canadian Securities Administrators (CSA). Under the proposal, each […]

By Doug Watt |January 9, 2004

2 min read

Regulators introduce national registration system

(January 9, 2004) Canada’s securities regulators have published for comment a long-anticipated proposal for a national registration system (NRS), which would allow advisors and firms to register in any province, based on the rules in their home jurisdiction. Under the terms of the new rule, the home or “principal” regulator would review all advisor and […]

By Doug Watt |January 9, 2004

2 min read

Market prospects viewed as favourable for 2004

(January 8, 2004) The investment world has changed dramatically in the last 12 months, with economies improving and stock markets rebounding. There’s a tug of war between optimists and pessimists regarding the outlook for 2004, says a top U.S. mutual fund executive. The plusses appear to outweigh the minuses in the year ahead, suggested Bruce […]

By Doug Watt |January 8, 2004

2 min read