Industry News

Industry groups welcome

(March 5, 2003) Industry groups are applauding federal Finance Minister John Manley’s appointments to a wise persons committee, mandated to examine ways to reform the country’s fragmented system of securities regulation. The committee will be chaired by Vancouver-based Michael Phelps, chair of Dornoch Capital and the former head of Westcoast Energy. Saskatchewan securities lawyer Harold […]

By Doug Watt |March 5, 2003

2 min read

BoC notches up key rate by 25 basis points

(March 4, 2003) In a bid to stem rising inflation, the Bank of Canada boosted the target for its overnight rate by 25 basis points, or one-quarter of one percentage point, to 3% this morning. Today’s decision comes in the wake of a report last week that Canada’s annual rate of inflation hit 4.5% in […]

By John Craig |March 4, 2003

2 min read

Fund industry mired in recession, researcher says

(March 4, 2003) Canada’s investment fund industry is in a recession, characterized by weak sales amid under-performing markets, says Investor Economics president Earl Bederman. But despite the gloomy scenario painted by the mainstream media, the fund industry researcher says there are some positive trends, particularly for advisors. Total mutual and segregated fund industry assets stood […]

By Doug Watt |March 4, 2003

2 min read

Corporate accountability focus of social investment conference

(March 3, 2003) Canada’s social investment community is gearing up for its biannual conference, with organizers promising to pay special attention to corporate accountability and governance issues. The conference, sponsored by the Social Investment Organization, is scheduled for June 1-3 in Vancouver. “With corporate scrutiny at an all-time high, investors are demanding that companies be […]

By Doug Watt |March 3, 2003

1 min read