Industry News

TD report urges early start for RRSP

(February 24, 2004) Canadians who put off retirement planning could find themselves short on cash when they finally do leave the workforce, according to a report from TD Economics, supporting the mantra of “save early, save often.” “With the baby boom generation approaching retirement, concerns about the adequacy of personal savings will only intensify in […]

By Steven Lamb |February 24, 2004

3 min read

Regulators moving on advisor registration

(February 24, 2004) Although publicly focusing on larger regulatory initiatives — such as uniform securities legislation (USL) — the Canadian Securities Administrators (CSA) is quietly working on a couple of smaller projects that will have a direct impact on advisors. “We have some interesting spinoffs from the USL project,” said CSA chair Stephen Sibold yesterday […]

By Doug Watt |February 24, 2004

2 min read

Goodale to unveil budget in March

(February 24, 2004) Federal Finance Minister Ralph Goodale will present his first budget on Tuesday, March 23. Goodale made the announcement today in the House of Commons. The minister has promised to deliver a balanced budget and to continue the Liberal government’s commitment to reducing the federal debt, now at $511 billion. Ottawa has earmarked […]

By Doug Watt |February 24, 2004

2 min read

Briefly:

(February 27, 2004) Royal Bank is on track for another banner year, reporting first quarter net income of $793 million, up 3% from Q1 of 2003. This increase comes despite a drop of 3% in total revenues and another $240 million wiped out by the strong Canadian dollar. “We benefited this quarter from improved credit […]

By Staff |February 23, 2004

5 min read