Monthly Archives: February 2015

The Best Investing Blogs for 2015

The Best Investing Blogs for 2015

Although this list was developed by The College Investor, there are some terrific blogs here for all age groups. 

The top three are:

 

 

 

 

 

 

Josh Brown, The Reformed Broker

From The College Investor:  Josh has a fun blog (and Twitter account), where he shares his market insights, and insights on pretty much everything that crosses his mind. That’s what makes following Josh Brown so interesting – the guy is a pro-investor, founded his own firm, and is on every major financial news network at least once a week. Yet he … Continue reading

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IIAC’s Ian Russell to Address the Prospecters & Developers Association of Canada (PDAC)

IIAC’s Ian Russell to Address the Prospecters & Developers Association of Canada (PDAC)

The Investment Industry’s Role in Raising Capital for the Mining Industry

On Wednesday, March 4, 2015, Ian Russell, IIAC President and CEO, will deliver a keynote address as part of PDAC’s Technical Program.  In the Return of the state:  The role of government in financing mineral exploration session, Russell will provide a series of regulatory and policy fixes which, if adopted, will get the Canadian mining industry back on track.

Mr. Russell’s remarks will begin at 9:10 a.m.

Additional information is available here.

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It’s True: More Canadians are Cashing in their RRSPs Early

It’s True: More Canadians are Cashing in their RRSPs Early

Using data from Statistics Canada, Global News did some digging in order to answer the question:  Are more Canadians cashing out their RRSPs early?  The answer is a decided yes.

According to the article on GlobalNews.ca:

The biggest increase was from 2007 to 2009, when 1.86 million Canadians took out RRSP cash early. That figure dipped slightly by 2012, to 1.82 across Canada, but remains about 7 per cent above 2007 levels nationally, 12 per cent above 2007 levels in Quebec and almost 10 per cent above in comparatively wealthy Alberta.

These infographics tell the story.  Although it isn’t … Continue reading

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This Week in Financial History

This Week in Financial History

For the week of February 23, 2015:

February 23

1855 – Parliament grants a £900,000 loan guarantee to Grand Trunk Railroad and, as a result, flushes the Canadian economy with cash.

1995 – Less than four years after it broke the 3000-mark, the Dow Jones Industrial Average closes above 4000 for the first time, finishing the day at 4003.33. The Wall Street Journal declares the next day: “Stocks Cross 4000 for the First Time, But the Visit There May Be Brief,” and warns that a correction is now “inevitable”.

February 24

1869 – The Morrill Tariff Act, which raised … Continue reading

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10 “Insane Things” Wall Streeters Believe

10 “Insane Things” Wall Streeters Believe

According to The Big Picture’s Barry Ritholtz, there are 10 insane things that people working on Wall Street accept as gospel.  As always, Mr. Ritholtz is short, sweet and to the point.  It’s a fun read for a Friday.

He says:  “To outsiders, Wall Street is a manic, dangerous and ridiculous republic unto itself – a sort of bizarro world where nothing adds up and common sense is virtually inapplicable.

Consider the following insane things that we believe on Wall Street, that make no sense whatsoever in the real world:

Falling gas and home heating prices are a … Continue reading

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IIAC: Ontario Government Must Address Important Questions Before Introducing ORPP

IIAC: Ontario Government Must Address Important Questions Before Introducing ORPP

In a response to the Ontario government’s Consultation Paper on the proposed Ontario Retirement Pension Plan (ORPP), the IIAC expressed disappointment at the haste in moving forward with the ORPP prior to the government’s assessment and response to key questions raised in the IIAC’s submission. In particular, if existing savings plans for employees, such as group RRSPs, are not deemed to be “comparable plans” to the ORPP, the result will be reduced flexibility and choice for employers and employees, and an overall weakening of the Ontario financial services sector – a negative economic impact that will be felt … Continue reading

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Canadian Business: Largest Layoffs in Canadian History

Canadian Business: Largest Layoffs in Canadian History

With Target’s inglorious exit from Canada still making headlines (apparently the liquidation sale isn’t particularly liquid), Canada Business pulled together a list of the largest layoffs in Canadian history. Several weeks ago, Target announced that 17,600 full and part-time workers would be affected, making it the country’s second largest layoff, behind only the crash of the Newfoundland and Labrador cod fishing industry in 1992. 

Here’s the complete list (although it’s curious – to put it mildly – that Nortel didn’t make the cut):

Newfoundland and Labrador cod fishing industry – 1992Number of layoffs: 38,000

Target – 2015Number of layoffs: 17,600

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IIAC 2015 Compliance and Operations Symposium: Registration Now Open

IIAC 2015 Compliance and Operations Symposium: Registration Now Open

 

 

Date:  Wednesday, April 1, 2015Place:  St. Andrew’s Club and Conference Centre, 150 King Street West, 16th Floor (Garden Hall), Toronto

Join us for this full-day event to hear from industry professionals about many considerations raised by current policy and regulatory reforms impacting the securities industry. 

It is also an opportunity to network with peers throughout the day and during the cocktail reception.

Panel sessions will include:

IIROC Staff Review of IIROC Annual Compliance Report Point of Sale: Meeting the Challenges T+2: The What, Why, When and How of a shorter settlement cycle in Canada Global … Continue reading

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IIAC Document Highlights Benefits of Cooperative Capital Markets Regulatory System (CCMRS)

IIAC Document Highlights Benefits of Cooperative Capital Markets Regulatory System (CCMRS)

As a long-time proponent of the CCMRS, the IIAC has developed a document detailing why the cooperative securities regulator is an improvement for Canadian investors and our capital markets. The document identifies the problems with the existing regime and the advantages of the cooperative regulator across different categories, including priorities and accountability, registration matters and more.

The IIAC encourages anyone interested to save, print or share this document with industry participants.

The below image is for illustrative purposes. The full document is accessible by clicking the above link.

 

 

 

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IIAC Calls for 2015 Investment Industry Hall of Fame Nominations

IIAC Calls for 2015 Investment Industry Hall of Fame Nominations

Deadline to nominate industry leaders set for Friday, May 22, 2015

The Investment Industry Association of Canada (IIAC) announced today it has begun accepting nominations for the 2015 class of IIAC Investment Industry Hall of Fame Inductees.

Established in 2013, the IIAC Investment Industry Hall of Fame serves to honour excellence, integrity and leadership in Canada’s investment industry. 

“Our Inductees are visionaries who have had success in business and applied it to the needs of their communities.  They have strongly contributed not only to the growth and prosperity of our industry, but also to the building of Canadian businesses … Continue reading

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