Industry News

New committee should have final say on improving securities regulation, MacKay says

(November 19, 2002) Canada’s hodgepodge system of securities regulation is not beyond repair, but it does need a serious upgrade as soon as possible, says Saskatchewan lawyer Harold MacKay. In a report released today on ways to improve the current regime, MacKay recommends a committee be set up focusing on two models: harmonization or a […]

By Doug Watt |November 19, 2002

3 min read

Industry

Prescription for health: Healthcare financial planning solutions for Canadians

(November 13, 2002) On September 17, word that the GST could increase to 10% made Canadians gasp in horror. The rumour was scoffed at by Prime Minister Jean Chretien in an effort to ease fears, even though it could have brought in an additional $9 billion a year — funds to pay for what is […]

By Sheila Avari |November 18, 2002

7 min read

Industry

Few clients save for a sick day, says survey of Canadian advisors

(November 13, 2002) Canadian financial advisors want their clients to save more for future healthcare costs, yet a new survey suggests few clients follow this advice. The Health and Wealth Survey was commissioned by Advisor.ca, Advisor’s Edge and Objectif Conseiller to gauge the opinions of advisors regarding their clients’ concerns about the funding of healthcare, […]

By Jim MacDonald |November 18, 2002

4 min read

Industry

Fund outflows reach $1.1 billion in October, investors ignoring market rally

(November 15, 2002) For the second consecutive month, mutual fund redemptions topped the $1 billion mark as wary investors continued to shy away from the markets, despite signs of a rebound. Outflows totaled $1.1 billion in October, says the Investment Funds Institute of Canada, the same as September. It’s the seventh straight month of redemptions. […]

By Doug Watt |November 18, 2002

2 min read