Industry

BlackRock in $13.5 billion Barclays deal

BlackRock Inc. has announced that it will purchase Barclays Global Investors (BGI) in a US$13.5 billion deal to become the world’s largest money manager. BlackRock will pay $6.6 billion in cash and the remainder in stock for Barclays Global Investors, including BGI’s exchange-traded fund iShares. Barclays will retain a 19.9% stake in the combined company, […]

By Jody White |June 12, 2009

1 min read

Canadian foreign investments tepid: StatsCan

Global credit concerns and uncertainty in financial markets during the second half of 2007 resulted in a marginal year-end increase in Canadian foreign investments — $764.7 billion of foreign securities at the end of 2007, up 3.9% from 2006 but in sharp contrast with the 34.6% increase recorded between 2005 and 2006 — according to […]

By Kanupriya Vashisht |June 12, 2009

2 min read

Briefly:

The Canadian Securities Administrators (CSA) today published CSA Staff Notice 31-311 which provides guidance for the transition from the existing registration regime to the new registration regime under proposed National Instrument 31-103 Registration Requirements and Exemptions. In an effort to make the transition as smooth and efficient as possible, CSA staff have outlined several items […]

By Staff |June 12, 2009

2 min read

IIROC issues strong warning on ETFs

Leveraged exchange traded funds (ETFs) are probably not suitable for retail investors, the Investment Industry Regulatory Organization of Canada is warning its dealer members. IIROC is compelled to issue a warning to its dealer members about the risks associated with leveraged ETFs. The wording and examples of the warnings are very similar to warning issued […]

By Mark Noble |June 12, 2009

4 min read