Industry

Decorative pattern

OSC asked to improve reporting standards

The Ontario government has passed a motion calling on the province’s securities regulator to review current corporate reporting standards and to produce recommendations for enhanced disclosure. The resolution calls on the Ontario Securities Commission to review its current reporting requirements, consult with concerned stakeholders and to produce recommendations to enhance disclosure. The OSC should be […]

By Doug Watt |April 13, 2009

2 min read

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Real estate mavens expect slow recovery

An overheated real estate market in North America was one of the culprits of this financial crisis. Those looking for a quick recovery in the sector are going to be sorely disappointed according to some of the top property buyers on the continent. Speaking at CIBC’s 14th annual North American Real Estate Conference, representatives of […]

By Mark Noble |April 13, 2009

5 min read

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Briefly:

BMO Capital Markets has announced the hiring of senior investment banker Eric Luftig as managing director in its leveraged finance group in New York City. “Eric’s experience in private placements, including 20 years of solid deals, complements our team’s overall mandate as we look to broaden our lead role participation in the leveraged financing arena,” […]

By Staff |April 13, 2009

1 min read

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Four bears stick to their guns

Sprott Asset Management’s “Night with the Bears”, offered much of what one would expect to hear at a survivalist meeting, but it was glitzy production attended by Toronto’s financial elite. The event’s organizer and speaker, Eric Sprott, chairman and CEO of Sprott Inc. conceded “he should have sold tickets.” The draw for the event were […]

By Mark Noble |April 9, 2009

5 min read

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Barclays sells iShares

Barclays PLC announced it’s struck a deal to sell its U.S.-based asset management business iShares to Blue Sparkle LP, a limited partnership established by European private equity group CVC Capital Partners Group. The deal is valued at $4.4 billion, with Barclays making a net profit of $2.2 billion. The firm has been seeking an infusion […]

By Steven Lamb |April 9, 2009

2 min read

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Briefly:

Canada shed another 61,000 jobs in March, all in full-time work, according to Statistics Canada. The decrease pushed the unemployment rate up 0.3 percentage points to 8.0%, the highest in seven years. The speed at which employment has crumbled is much more severe than the unemployment rate suggests. Since peaking in October 2008, employment has […]

By Staff |April 9, 2009

4 min read

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Blythe on blogs

Earlier this week, TD Canada Trust chairman Ed Clark warned Canadians against complacency: we may have dodged the first bullets, but there are more to come. Among the reasons he cited were that, with the drying up of securitization markets, banks would have to keep more loans on their books. Also, as foreign banks mend […]

By Scot Blythe |April 9, 2009

5 min read

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Briefly:

The Canadian Life and Health Insurance Association (CLHIA) has issued a statement welcoming the initiatives announced by the G-20 leaders last week in London. “We believe that the G-20 has charted a new course for bringing long-term stability to the global financial services sector,” said Frank Swedlove, CLHIA president. “The G-20 has adopted measures to […]

By Staff |April 8, 2009

2 min read

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Small business death and taxes

The clock is ticking for individual and business tax filers, as the annual ritual of mental gymnastics, strategic tax planning and paperwork is well underway. For business owners, the Canadian Federation of Independent Business (CFIB) has released a research report that examines and compares different provincial tax regimes across the country. For individuals, a new […]

By Kate McCaffery |April 8, 2009

3 min read

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Briefly:

Northwest & Ethical Investments L.P. (NEILP) has announced that it will integrate the operational platforms of Northwest Funds and The Ethical Funds Company, effective April 13, 2009. The move will allow investors to switch freely between any of the Northwest Funds, Ethical Funds or Credential Funds managed by NEILP, assuming the desired fund is available […]

By Staff |April 7, 2009

2 min read

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