Measures detailed in the 2017 federal budget to promote economic growth, while well-intentioned, do not go far enough, according to Ian Russell, President and CEO of the Investment Industry Association of Canada. The government has taken positive steps to improve growth, including the announced details of the Canadian Business Growth Fund and the Canada Infrastructure … Read more
Ian Russell, President and CEO of the Investment Industry Association of Canada, issued a statement on the upcoming finance ministers meeting June 20-21 in Vancouver, BC to discuss potential CPP enhancement. Russell said these discussions should be undertaken as part of an integral approach to strengthening Canada’s retirement savings system. The IIAC recommends a national … Read more
On behalf of the Investment Industry Association of Canada (IIAC)’s 147 investment dealer member firms, Ian Russell, IIAC president and CEO, strongly endorses measures announced in April 21’s federal budget to strengthen Canada’s retirement savings programs, including an increase in the annual limit for contributions to Tax-Free Savings Accounts (TFSAs) and a significant reduction in … Read more
In its submission to the participating governments regarding the Provincial Capital Markets Act (PCMA) and the Capital Markets Stability Act (CMSA) consultation drafts, the Investment Industry Association of Canada (IIAC) underscored the importance of ensuring the proposed legislation is aligned and congruent with the existing statutes to the extent possible. This, according to the IIAC, … Read more
The Investment Industry Association of Canada (IIAC) has issued a release regarding their federal pre-budget submission which was sent to Finance Minister Joe Oliver (Eglington-Lawrence, Ont.). The statement and submission represent the views of the 160 IIROC-regulated investment dealer member firms in the Canadian securities industry. The full release is available online.
In response to news of former finance minister Jim Flaherty’s death, Ian Russell, IIAC president and CEO, issued the following statement: “Clearly, this is a very sad day. For more than 20 years, Jim served in public office, first for the people of Ontario and then for the country as a whole. There is little doubt … Read more
The Investment Industry Association of Canada responded to the government's budget presentation, stating that the budget represented another step to strengthens public finances and the competitive position of the Canadian economy. The association added that the latest federal budget builds incrementally on measures introduced in the past seven budgets, with spending initiatives, and other measures, … Read more
