Articles

Unsuspecting Oakville residents are being targeted by fraudsters claiming to work for the Canada Revenue Agency (CRA). According to Det. Mark Underwood of the Halton Regional Police Fraud Unit, this type of fraud is on the increase. Someone claiming to work for the CRA calls and demands money because, as the story goes, you are … Tax season tends to bring out the financial fraud scammers

Last week the Ontario government announced it is going to do more to protect investors from the financial services industry. Great announcement, however we have had similar announcements in the past that have done little to help the individual investor. Finance Minister Charles Sousa said new legislation will be introduced to provide industry regulators the … Ontario provincial government moves to protect investors

Trust is the foundation of society. Is trust vanishing? If so, how will this affect our finances? How will it affect society? The big five Canadian banks are involved in that conversation. As I wrote in last week’s column, the CBC broke the news that staff at Canada’s largest banks complained they were allegedly being … Without trust, where are we?

Canada’s five largest banks are knee-deep in a public relations fiasco. The story is big and it is likely to continue growing. It started on Thursday, March 9, with CBC Go Public breaking the news that three employees from a TD Bank in Vancouver had exposed the bank’s high-pressure sales tactics. The next day CBC … Big banks facing public relations fiasco on sales tactics

It’s no secret that on the whole, federal budgets have favoured men. With the March 22 federal budget, exactly two weeks after International Woman’s Day – themed ‘Be Bold for Change’, Canadian women may have reason to celebrate. Finance Minister Bill Morneau issued a statement late last year about the pending change. The Morneau statement … Will the 2017 federal budget reflect gender-based analysis as promised?

For decades, the true cost of advice has been a “dirty little secret”.  Many investors were not aware of what they were paying for financial advice. In my opinion, that was by design. For those of you who have read previous columns, my views are clear. Industry participants including investment advisors, mutual fund companies, and … A heart to heart talk about the cost of receiving investment advice