IE and the events that have shaped markets since 1989

– A mini-crash in October stirs memories of the 1987 market collapse

1991

– Goods and services tax (GST) implemented

– Tessa Wilmott named editor-in-chief of IE

1994

– NAFTA comes into effect

– First of IE Report Card series (on brokerages) is two years old

1995

– OSC given rule-making powers

– OSC commissioner Glorianne Stromberg’s landmark report calls for the creation of a mutual funds regulator

1996

– Ottawa denies banks their wish to sell retail insurance in branches

1997

– Trading floors at the TSE and ASE go electronic

– Bre-X Minerals Ltd. stock collapses on the TSE after its gold deposit claims prove to be bogus

1998

– MFDA comes into being but won’t be an SRO until 2001

– Ottawa axes proposed bank mergers

1999

– The Canadian Venture Exchange launches

– IE turns 10. Full colour is available in IE’s 14 annual issues; www.investmentexecutive.com is born

2000

– NASDAQ drops as the tech bubble bursts; Canadian tech darling Nortel is hit hard

2002

– S&P/TSX composite index débuts, putting an end to the TSE 300

2004

– OSC releases its fair-dealing model

– IE celebrates its 15th anniversary

2005

– Ottawa removes foreign-content limit for RRSPs

2006

– IDA splits into two with creation of the IIAC and, in 2008, IIROC

– Ottawa introduces distribution tax on income trusts

2007

– ABCP market freezes, signalling the beginning of the Great Recession

– Ottawa introduces the RDSP, which will come into effect in 2008

2008

– TFSAs are introduced in the federal budget

– The TSX merges with the Montreal Exchange

– Lehman Brothers goes bankrupt

2009

– IE reaches the 20-year mark and now includes six Report Cards. Tracy LeMay becomes editor

2011

– “Fund Facts” documents now must be online and available to clients

2012

– CRM2 brings a raft of new disclosure rules for advisors and firms

– Ottawa introduces a framework for PRPPs to boost pension retirement

2013

– Ottawa closes a tax loophole for mutual funds (use of “character-conversion transactions”) and lowers the boom on insurers’ 10/8 strategy

2014

– Canadian banks must provide the IRS with information on American citizens under FATCA

– IE celebrates 25 years; readership rises to more than 105,000

S&P/TSX

1989 3,616.64

1990 3,081.26

1994 4,554.85

1998 5,530.71

2000 11,247.91

2002 6,180.42

2008 14,714.73

2009 8,123.02

2011 14,136.50

2014 15,146.01

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