Industry News

No systemic abuses found in first stage of fund probe, Ontario regulator says

(February 11, 2004) The Ontario Securities Commission (OSC) has completed the first phase of its probe into mutual fund trading practices. No details were released, but the regulator says it has found no evidence of systemic abuse. The commission won’t say whether that means some abuses have been found. The regulator is now moving onto […]

By Doug Watt |February 11, 2004

3 min read

Investors must pay more attention to exchange rates, says TD

(February 10, 2004) U.S. equity markets delivered stellar returns in 2003. But Canadian investors missed out on much of those gains due to the loonie, which surged 20% last year against the greenback. Exchange rate considerations must become an integral part of the investment process, says TD Economics in a report released today. “The most […]

By Doug Watt |February 10, 2004

2 min read

Briefly:

(February 13, 2004) The Canadian Securities Administrators (CSA) are calling on the income trust sector to clean up its disclosure practices, following a study of 40 trusts last year. While some of the trusts, which were not named, were in compliance in each category, the CSA found deficiencies in disclosure of distributable cash, comparative figures, […]

By Staff |February 9, 2004

7 min read

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