KeatsConnelly Cross-Border Weekly Best of the Web 2013-12-27

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets. This week we offer a mix of articles discussing the Canadian economy, FINRA, and Canada Pension Plan proposals.

Canadian economy missed expectations in 2013(www.advisor.ca) Wait until next year. It’s a familiar refrain for sports teams, but the premise is getting old for Canadians awaiting the return of an economy that can be counted on for jobs, solid incomes and financial security. As far back as 2010, the Bank of Canada held out the prospect of better times in the year ahead. But unexpected events — whether it was a tsunami in Japan, a debt crisis in Europe, or political shenanigans in Washington — always took the shine off the optimism…

FINRA floats new reporting system (www.advisor.ca) The Financial Industry Regulatory Authority (FINRA) issued a regulatory notice soliciting comment regarding a proposal called Comprehensive Automated Risk Data System (CARDS).CARDS will involve account reporting requirements that would allow FINRA to collect, on a standardized, automated and regular basis, account information, as well as account activity and security identification information that a firm maintains as part of its books and records…

How the three main Canadian Pension Plan enrichment proposals would work  (http://business.financialpost.com) OTTAWA — Public pension reform has been a key issue at federal-provincial finance ministers’ meetings at least since 2010, with officials having looked at three major proposals for Canada Pension Plan enrichment. The plans differ slightly in their approach, but their basic aim is to increase benefits for future generations of seniors. They are also similar in that all three proposals are pre-funded, meaning that although contributions to pay for higher benefits all kick in at the same time, contributions will hit their maximum boosted level far quicker than benefits…

Come back next week for more interesting news and articles. Enjoy your weekend!

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