Laurentian fined $200K after lapsing on registration conditions

Laurentian fined $200K after lapsing on registration conditions
Laurentian Bank Securities faces a $200,000 fine from IIROC after failing to comply with registration training requirements and not adequately supervising a dealing rep. Laurentian Bank failed to take reasonable steps to ensure that three of its representatives were proficient through a 90-day training program, says IIROC, the self-regulatory body for investment dealers. Two reps registered with IIROC in July... Read More

Why to watch the Ontario government, pre-election

Why to watch the Ontario government, pre-election
One could say that Ontario, under Premier Kathleen Wynne, has had an outsized impact on Canada’s economy. From electricity rate cuts to minimum wage increases, the province has affected the national consumer psyche, business competitiveness, inflation and even BoC policy, writes Warren Lovely, head of public sector research for National Bank of Canada, in a research note. The province, he says, has... Read More

OSC to hold roundtable to discuss women on boards

OSC to hold roundtable to discuss women on boards
The Ontario Securities Commission will hold a roundtable to discuss the findings of its third annual review of disclosures related to women on boards and in executive positions. The review looked at disclosures under National Instrument 58-101: Disclosure of Corporate Governance Practices relating to women on boards and in executive officer positions, and will be published in the coming weeks.... Read More

ECB holds key rate, cuts inflation forecast

ECB holds key rate, cuts inflation forecast
The ECB has left its key interest rates and bond-purchase stimulus program unchanged. The central bank left its benchmark short-term interest rate at zero, and its deposit rate at negative 0.4%, both record lows. The decision was announced after a meeting Thursday of the bank’s 25-member governing council in Frankfurt. The bond purchases are set to run at 60 billion euros (US$72... Read More

Get ready for more single women clients

Get ready for more single women clients
Women’s increasing wealth has implications for advisors, says an Investment Planning Counsel (IPC) white paper. Citing research from Investor Economics, the report says that by 2026, Canadian women will control nearly half of all accumulated financial wealth. That’s significant compared to a decade earlier, when the share was closer to one-third. In particular, the paper focuses on the growing number... Read More