|By Marketwired .||
|January 9, 2014 01:18 PM EST||
TORONTO, ONTARIO -- (Marketwired) -- 01/09/14 -- Despite another challenging year for Canada's investment industry, dealer firm CEOs are, overall, optimistic about the outlook for 2014, according to survey results released today by the Investment Industry Association of Canada (IIAC).
According to IIAC 2014 Capital Markets Outlook: A Survey of Canada's Investment Industry CEOs, 48 per cent of respondents predict the state of capital markets will be more or less the same as last year while 39 per cent feel conditions will improve.
"The fact that half of industry CEOs see the state of capital markets as being more or less the same as last year signals stability," said Ian Russell, IIAC President and CEO, during a keynote address to the Empire Club of Canada's 2014 Investment Outlook Luncheon. "From an investor's perspective, this is an important and positive sign.
"Furthermore, this tepid confidence echoes last year's survey results, which found executives expressing cautious optimism about 2013. Those expectations were borne out. Last year saw slow but steady growth - giving us reason to be optimistic that this year's results will also confirm our survey findings."
Forty-eight per cent of investment dealer CEOs predict improved results for firm profitability while 36 per cent feel conditions will be more or less the same for their firms in 2014. Of note, 10 per cent say there will be significant improvements - something which not one CEO anticipated last year.
"This reflects the major efforts many small firms have made to cut costs, add scale, build business and generally put themselves on a sounder footing. If the overall picture improves, they are positioned to benefit," Russell says.
The IIAC survey also finds the majority of CEOs see investors as more likely to participate in the market (63 per cent), and reduce their holdings in cash and equivalents (also 63 per cent).
"This is a strong indication that after years of sitting on the sidelines, Canadian investors see 2014 as the year to get back in the game."
When asked whether they anticipate any changes in their firms' headcount, a majority of CEOs (52 per cent) say they plan to hire in 2014 while 42 per cent will keep a similar staff complement and just 6 per cent expect to downsize.
In his speech, Russell also pointed to the finding that fewer investment firm CEOs have plans to acquire a firm or enter into a joint venture in 2014 - only one-third as many as last year (10 per cent vs. 30 per cent).
"Why the reduced inclination to acquire? Quite simply, some of the most valuable small firms have already been bought out. Increasingly, firms are looking to expand, thinking it makes more sense to do so by buying the assets and hiring away the personnel they need," Russell said.
The news, however, is not all positive. According to Russell, many firms face a tough challenge just to survive. For some, he says, 2014 will determine whether their doors will be open next year.
"As was the case last year, the pre-eminent roadblock is the ongoing regulatory burden. When asked to list the top three barriers to growth facing their firms in 2014, 84 per cent cite regulatory pressures, similar to last year's percentage."
Underscoring the significance of this roadblock is the fact that the second most cited barrier - pricing pressures - was indicated by only 36 per cent of respondents.
Russell concludes: "In light of the tsunami of rules that have been put in place - and the burdens they create - the industry will increasingly be looking for clear justification for any new rules. The industry - and Canadian companies seeking capital - can ill-afford additional, unjustifiable regulatory burdens that discourage small business investment and undermine the growth and competitiveness of the Canadian economy."
About the Survey
The IIAC issued the survey in December 2013 to the CEOs of its 166 member firms. Survey respondents represent every region of the country and by business model: small retail dealers (35 per cent); institutional dealers (29 per cent); integrated dealers, including bank-owned (16 per cent); medium dealers (13 per cent); and large, non-bank owned retail dealers (7 per cent).
The IIAC - Representing Canada's Investment Professionals
The Investment Industry Association of Canada (IIAC) is the national association representing the investment industry's position on securities regulation, public policy and industry issues on behalf of our 166 IIROC-regulated investment dealer Member firms in the Canadian securities industry. These dealer firms are the key intermediaries in Canadian capital markets, accounting for the vast majority of financial advisory services, securities trading and underwriting in public and private markets for governments and corporations. The IIAC provides leadership for the Canadian securities industry with a commitment to a vibrant, prosperous investment industry driven by strong and efficient capital markets.
Manager of Communications
The Investment Industry Association of Canada (IIAC)
416.687.5475 - office direct
416.320.6920 - mobile
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Feb. 27, 2017 11:45 PM EST Reads: 888
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Feb. 27, 2017 11:00 PM EST Reads: 9,158
Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infrastructure through automation. Ayehu solutions have been deployed by major enterprises worldwide, and currently, support thousands of IT processes across the globe. The company has offices in New York, California, and Isr...
Feb. 27, 2017 10:45 PM EST Reads: 799
Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said "No to LUNs." With Tintri they manage only virtual machines, in a fraction of the footprint and at far lower cost than conventional storage. Tintri offers the choice of all-flash or hybrid-flash platform, converged or stand-alone structure and any hypervisor. Rather than obsess with storage, leaders focus on the business app...
Feb. 27, 2017 10:15 PM EST Reads: 700
Addteq is one of the top 10 Platinum Atlassian Experts who specialize in DevOps, custom and continuous integration, automation, plugin development, and consulting for midsize and global firms. Addteq firmly believes that automation is essential for successful software releases. Addteq centers its products and services around this fundamentally unique approach to delivering complete software release management solutions. With a combination of Addteq's services and our extensive list of partners,...
Feb. 27, 2017 10:00 PM EST Reads: 1,299
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...
Feb. 27, 2017 09:15 PM EST Reads: 4,174
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it m...
Feb. 27, 2017 08:00 PM EST Reads: 7,965
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, looked at differ...
Feb. 27, 2017 07:45 PM EST Reads: 7,383
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Feb. 27, 2017 07:45 PM EST Reads: 1,634
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Feb. 27, 2017 07:30 PM EST Reads: 2,267
SYS-CON Events announced today that IoT Now has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
Feb. 27, 2017 07:15 PM EST Reads: 1,994
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
Feb. 27, 2017 07:00 PM EST Reads: 2,607
SYS-CON Events announced today that WineSOFT will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Based in Seoul and Irvine, WineSOFT is an innovative software house focusing on internet infrastructure solutions. The venture started as a bootstrap start-up in 2010 by focusing on making the internet faster and more powerful. WineSOFT’s knowledge is based on the expertise of TCP/IP, VPN, SSL, peer-to-peer, mob...
Feb. 27, 2017 07:00 PM EST Reads: 2,219
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain.
Feb. 27, 2017 06:45 PM EST Reads: 2,269
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
Feb. 27, 2017 06:30 PM EST Reads: 2,150