Mel can’t get a straight answer from his bank about his investment fees and is looking for some input on investing late in retirement. Q: Do you have any advice for an 80-year old? I have $180k invested in GIC and mutual funds. I am having problems with the bank to produce a financial statement […]
LowestRates.ca says the big banks never offer the lowest mortgage rates on the market Banks accounted for nearly 60 per cent of all current home mortgages, according to a report from Mortgage Professionals Canada last month. (CBC) Mortgage rates from Canada’s big banks were consistently more expensive than those offered by smaller lenders last year, […]
The SRO alleges the rep solicited almost $200,000 in client investments in a coffee business Securities regulators have fined and permanently banned a former mutual fund rep who violated securities rules by involving clients in the launch of a coffee supply business.
The top court said the trusts should not interfere with eligibility for subsidized housing A recent decision from the Supreme Court of Canada (SCC) appears to confirm the viability of Henson trusts, special trusts set up for people with disabilities. The decision, released in late January and the first case in which the SCC has […]
“Probability Theory Is Nothing More Than Common Sense Reduced to Calculation” Pierre Simon Laplace One of my fondest memories of Christmas was getting a Magic 8 Ball in my stocking when I was younger – times were simpler. I spent hours (admittingly one to many) asking questions to the large plastic ball, only to turn […]
Worldsource Securities failed to adopt controls to prevent the double charging An IIROC hearing panel has accepted a settlement between IIROC staff and Worldsource Securities Inc. that will see the firm pay a $100,000 fine and $5,000 in costs after admitting to certain rule violations involving products held within fee-based accounts that resulted in instances […]
Financial Calendar for 2019 – All the deadlines you need to know to maximize your benefits!
6,000 clients were inadvertently charged $2.35 million in excess fees, a settlement agreement says An Investment Industry Regulatory Organization of Canada (IIROC) panel in Vancouver has fined Toronto-based Raymond James Ltd. $125,000 for compliance failings related to overcharging more than 6,000 clients.
Financial and economic indicators answer the question The majority of Canadian chief financial officers, 86%, say the economy will enter a recession by the end of 2019, finds a Duke University/CFO Global Business Outlook. For U.S. CFOs, that figure is nearly half.