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Trending

Feb
05
2019
Cryptocurrency exchange Quadriga CX reports millions in customer funds are missing.
Jan
24
2019
DIY Maxar Shareholders ‘left up in the air’ – unable to trade as shares plunge on news of satellite failure.
Jan
15
2019
Bonnie-Jeanne MacDonald investigates the potential benefits of pooled-risk pension plans in an opinion piece for the Globe and Mail.
Dec
17
2018
In an opinion piece published in the Globe and Mail Jim Keohane, Keith Ambachtsheer, and Alex Mazer, offer their insights into the state of retirement security for Canadians. The piece examines the Federal Government’s recent consultation on how to strengthen retirement security in Canada, and how we can move forward to increase efficiency in retirement […]
Oct
04
2018
Rob Carrick of the Globe and Mail reports on how Manulife is offering to get people out of their IncomePlus Guaranteed retirement income product sold between 2006 and 2009 and switch into a different GIF series 75 segregated fund product. The product came with a guarantee that the person could withdraw 5% of their investment […]
Sep
26
2018
Professor Anita Anand, in an opinion piece in the Globe & Mail, makes three criticisms of the Ontario Ministry of  Finance’s Statement on the Mutual Fund Fees reforms wherein the government stated it disagrees with the proposal that was issued by the  CSA: (i) it undermines the rule-making process; (ii) fails to address investor protection […]
Sep
20
2018
A class-action lawsuit regarding trailing commissions paid to discount brokers on CIBC mutual funds has been proposed against the Canadian Imperial Bank of Commerce (CIBC) and CIBC Trust Corp. The lawsuit alleges investors who hold the mutual funds in discount brokerages receive no value for the trailing commissions paid. Class actions have also been launched […]
Sep
17
2018
Barrie McKenna writes how conditions for investors may be getting worse as The Bank of Nova Scotia has left OBSI in favour of choosing its own arbiter, and the Canadian Securities Administrators backed off requiring financial advisors to make decisions in the best interests of their clients and also decided not to ban the practice […]
Sep
17
2018
The Globe and Mail’s editorial supports changing the banking rules so that banks cannot choose their dispute resolution provider: “Our banks should not be allowed to choose their own umpires. Ottawa should make them stick with the OBSI.”
Sep
17
2018
Clare O’Hara and Tim Kiladze of the Globe and Mail report on how Ontario’s decision to interfere in a national review of mutual fund fees has thrown the six-year study into disarray, raising questions about the prospects for change, including the elimination of the Deferred Sales Charges.