Industry

Decorative pattern

Stay calm, stay in Canada: Haber

Canadian investors should sit tight and keep an eye out for bargains on their home market, according to one of the country’s biggest investment fund companies. Fidelity Investments is sticking to its “Go Canada” thesis, citing the long-term effects of the creation of a new middle class in the developing world. “So much has already […]

By Steven Lamb |March 24, 2008

4 min read

Decorative pattern

Briefly:

(March 20, 2008) BMO Financial Group has reached agreements with the counterparties to its Apex and Sitka trusts, allowing the bank breathing space to restructure the trusts. “This was a complex deal that was achieved through the efforts of both the investors and the swap counterparties,” said Tom Milroy, CEO of BMO Capital Markets. “The […]

By Staff |March 20, 2008

2 min read

Decorative pattern

Foreigners bought Canadian in January: StatsCan

Foreign investors continued to pour money into Canada in January, the latest month for which StatsCan has data. Non-resident investors bought $916 million worth of Canadian securities, down from $1.3 billion in December. Debt issues were the most popular investments, as equity markets fell off a cliff in January. Foreign investors snapped up $3.3 billion […]

By Steven Lamb |March 20, 2008

2 min read

Decorative pattern

Credit union offers exposure to local microfinance

Microfinance lending came to prominence in 2006, when one of its pioneers, Muhammad Yunus, won the Nobel Peace Prize. Responding to its growing popularity, Vancity, Canada’s largest credit union, is now allocating some of the assets in one its SRI pooled products to microfinance. A portion of the assets in its Shared Growth term deposit […]

By Mark Noble |March 20, 2008

3 min read

Decorative pattern

Briefly:

(March 19, 2008) Canadians are increasingly aggressive in paying down their mortgages, according to a survey by Canada Mortgage and Housing Corporation. Just under 80% of new homebuyers said they plan to pay off the debt as quickly as possible. “This study confirms that Canadians remain fundamentally cautious when it comes to their mortgage debt,” […]

By Staff |March 19, 2008

2 min read

Decorative pattern

Canada not immune to U.S. downturn

Slow down, don’t move too fast; we’ve got to make the money last — particularly since a new economic forecast, released today by TD Financial, says Canada’s economic slowdown is on par with our southern neighbour’s economic downturn. The projection by TD economists shows that Canada’s slowdown is occurring at the same time and to […]

By Romana King |March 19, 2008

3 min read

Decorative pattern

Options dwindle for burned investors

Investor advocates say a restructuring plan approval vote is looking to be the only chance left for 1,600 retail investors to try to recover the money they invested in non-bank-sponsored asset-backed commercial paper. Brian Hunter, a Calgary-based engineer, has $658,000 of his retirement savings frozen in ABCP in an account with Canaccord Capital. Hunter says […]

By Mark Noble |March 19, 2008

5 min read

Decorative pattern

Briefly:

(March 18, 2008) The U.S. Federal Open Market Committee has opted to cut its key Fed Funds rate by “only” 75 basis points. The Fed Funds rate now stands at 2.25%, while the discount rate has been cut to 2.50%. “Recent information indicates that the outlook for economic activity has weakened further,” the FOMC said […]

By Staff |March 18, 2008

3 min read

Decorative pattern

As retirement nears, expectations dim

Hope for a carefree retirement seems to be fading among Canadians as they approach the end of their working careers, according to survey results released today. For the majority of Canadians — 73% — the primary concern is just to maintain their current standard of living, according to a survey conducted by SECOR Consulting and […]

By Steven Lamb |March 18, 2008

2 min read

Decorative pattern

ABCP deal cold comfort for retail investors

Just as progress was being made on an agreement to restructure asset-backed commercial paper, there is a growing awareness of a number of individual retail investors — roughly 1,600 — who have been burned by the liquidity crisis. These investors are faced with a stark choice: either take the deal and give up their right […]

By Mark Noble |March 18, 2008

4 min read

← Previous 1 … 1,813 1,814 1,815 1,816 1,817 … 2,143 Next →