The Investment Dealers Association of Canada has published its 2002 annual report, indicating that it generated a $1.8 million surplus in the year.

The IDA’s revenues rose to $35.2 million in the year ended March 31, 2002; up from just over $29 million the prior year. The bulk of the increase came through higher membership fee revenue, which rose from $22.2 million in fiscal 2001 to $28.6 million in the same period in 2002.

The expense side saw similar increases, with total expenses rising from just under $29 million in 2001 to just under $33 million in 2002. The cost of member regulation rose from $17.55 million to $20.7 million, accounting for most of the increase.