The Mutual Fund Dealers Association of Canada has suspended the membership rights and privileges of IOCT Financial Inc.On Feb. 10 in Toronto, a public representative of the MFDA’s Central Regional Council suspended the company’s membership until further order of a hearing panel. The order came after IOCT Financial’s registration as a mutual fund dealer was […]
Despite reduced demand, CEOs confident sector will pick up over the next three years
Penalty reduced to $250,000
Largest monthly decline since Jan. 1998
Air Canada swings to a loss
The Ontario Securities Commission has approved a settlement reached with former Biovail Corp. chief financial officer Brian Crombie.At a hearing on Thursday, an OSC panel approved the settlement entered into by staff of the commission and Crombie.Crombie was accused of participating in a long-running scheme at Biovail to overstate the company’s earnings between 2001 and […]
Transamerica Life Canada and AEGON Fund Management Inc. announce Thursday that Transamerica’s imaxxGIF segregated funds and AFM’s imaxxFunds mutual funds are now available for Tax-Free Savings Accounts (TFSAs). A TFSA is a registered savings account that allows Canadians to invest up to $5,000 per year, take advantage of tax-free growth, and withdraw their savings on […]
Hydro failure dims Toronto financial district
Board to maintain its current composition with one vacancy of a public director
Operating results “very encouraging”, insurer says