Industry

By The Book:

(March 4, 2008) The Superior Court of Québec has thrown out a lawsuit against the Montréal Exchange filed by 39 former independent traders. The plaintiffs had challenged the exchange’s right to automate its markets, claiming they were given inadequate notice of the implementation. The court has awarded the exchange costs. • • • MFDA issues […]

By Staff |March 4, 2008

1 min read

Briefly:

(March 4, 2008) The new governor of the Bank of Canada, Mark Carney, has made his first interest rate announcement, slashing the key overnight rate by 50 basis points to 3.5%. While the economy had unfolded as expected throughout 2007, the Bank said in a statement that “there are clear signs that the U.S. economy […]

By Staff |March 4, 2008

2 min read

Resource funds make a killing: Morningstar

Last month’s run-up in resource and commodity prices helped investment funds that target those sectors post strong results, according to performance data released today by Morningstar Canada. The Morningstar Natural Resources Equity Fund Index gained 9.8% for the month, the best return among the 42 Morningstar Canada fund indexes. The Morningstar Precious Metals Equity Fund […]

By Mark Noble |March 4, 2008

2 min read

Fund sales see some recovery: IFIC

Sales of mutual funds rebounded in February, but that may be cold comfort — January was dubbed the worst month ever. According to preliminary estimates from the Investment Funds Institute of Canada, net sales rang in at between $5.9 billion and $6.5 billion. “Canadian investors have sent a signal that they are still committed to […]

By Steven Lamb |March 4, 2008

3 min read