Industry

Decorative pattern

Briefly:

(May 26, 2008) National Bank Financial has expanded its wealth management division with the purchase of Manitoba’s Bieber Securities Inc. Bieber is small, with only 37 employees in six offices, but it occupies a valuable niche, offering portfolio management services to high-net-worth individuals, small institutional clients, as well as corporate finance. National Bank will combine […]

By Staff |May 26, 2008

3 min read

Decorative pattern

Demand forces managers to disclose SRI stance

The move by Mercer to include ESG factors in its ratings is a big step forward for SRI advocates, because the vast majority of large institutional investors consult companies like Mercer before making final investment decisions. Jordan Berger, a principal with Mercer and head of responsible investment for Canada, says the step is necessary because […]

By Mark Noble |May 26, 2008

3 min read

Decorative pattern

On The Shelf: Man Investments launches notes

(May 23, 2008) Man Investments Canada has announced the launch of the CIBC Man AHL Diversified Deposit Notes, which provide exposure to Man’s AHL Diversified Programme. “AHL is one of the most established and longest-running managed futures programs in the world. In today’s volatile markets, the timing could not be better to introduce the Deposit […]

By Staff |May 23, 2008

1 min read

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(May 23, 2008) The federal government’s budgetary surplus for the past fiscal year slipped $1.2 billion, on a year-over-year basis, but don’t worry, the feds still have more than a little pocket change. The surplus for April 2007 to March 2008 is estimated at $11.7 billion, according to the Ministry of Finance’s latest Fiscal Monitor […]

By Staff |May 23, 2008

1 min read

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Expect strong TSX earnings growth in 2008: CIBC

As news goes from bad to worse in the economically challenged United States, things in Canada are only looking up. A new CIBC World Markets report says TSX earnings will rise by 21% this year, with a further advance of 12% in 2009. “Analysts have been lifting their expectations for earnings growth north of the […]

By Bryan Borzykowski |May 23, 2008

3 min read

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What to do with the tax refund?

BMO Financial has released some statistics that make a strong case for paying down the mortgage before doing anything else with the tax refund. According to John Turner, director of mortgage sales for BMO, a $1,400 investment now at the beginning of a 25-year mortgage could save a client as much as $38,000 in future […]

By Mark Noble |May 23, 2008

5 min read

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On The Shelf: Jovian closes Gartman notes

(May 22, 2008) Jovian Capital Corporation announced Thursday that it has successfully closed the CIBC Gartman Global Allocation Deposit Notes, Series 4. Adam Felesky, JovFunds’ CEO, says, “The strong demand across all series is a testament to the strong performance achieved to date.” The notes’ performance is linked to the Gartman Index IITM, a proprietary […]

By Staff |May 22, 2008

1 min read

Decorative pattern

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(May 22, 2008) If you thought things were turning around for the American economy, think again. A new TD Economics report says many of the tests to predict a recovery are so far coming up negative or inconclusive. Beata Caranci, director of economic forecasting for the bank, was surprised that the manufacturing Institute of Supply […]

By Staff |May 22, 2008

4 min read

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Holland still hunting for a deal

The TSX may have entered uncharted territory this week, but with just a handful of stocks powering the race to 15,000, much of the market has been left behind. For investors who have underweighted the resource sector, making money in 2007 has not been the easiest feat. The same holds true for mutual fund returns, […]

By Steven Lamb |May 22, 2008

4 min read

Decorative pattern

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(May 21, 2008) The majority of Canadians are failing to stash away any extra cash, despite the increasing risks of a long-predicted economic downturn, according to a new survey conducted for RBC. Only 22% of respondents have increased the amount they are saving, while 20% said they were spending more. Only half of survey respondents […]

By Staff |May 21, 2008

3 min read

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