Industry

Briefly:

(June 29, 2006) Citing inflation risks, the U.S. Federal Reserve has raised its key overnight lending rate to 5.25%, the 17th consecutive increase over the past two years. The Fed indicated that economic growth is moderating from its quite strong pace earlier this year. The change is partly reflecting a gradual cooling of the housing […]

By Staff |June 29, 2006

4 min read

S&P researchers join World Cup frenzy

In a departure from its usual focus on the financial services sector, Standard & Poor’s has bonded with millions of soccer fans around the world, releasing a new index measuring how countries have performed at the World Cup over the last 40 years. The results will come as no surprise to those who follow the […]

By Doug Watt |June 29, 2006

2 min read

Securities commissions promise a more focused future

Canada’s provincial securities commissions have traditionally held very different views about how to govern investment dealers in their respective jurisdictions. But it would seem several have decided to drop their adversarial ways and present more of a united front. More and more, the commissions are talking about principles-based regulation to govern the industry — calling […]

By Kate McCaffery |June 29, 2006

4 min read

Briefly:

(June 28, 2006) Guardian Group of Funds has announced the reopening of its GGOF Monthly Dividend Fund, which was closed in March 2004, due to a lack of investment opportunities in a key sector of the fund’s mandate, which required the fund hold at least 50% of assets in exchangeable or retractable preferred shares and […]

By Staff |June 28, 2006

3 min read