Industry

Decorative pattern

Potential Norshield creditors swell

Public Sources An examination of documents prepared by Norshield group receiver RSM Richter, Mount Real receiver Raymond Chabot Grant Thornton, as well as regulatory filings on the SEDAR clearing-house website, offers a complicated picture of Norshield’s non-hedge fund investments or associations. One of the directors of the company that provided fund administration services — i.e., […]

By Scot Blythe |March 27, 2006

9 min read

Decorative pattern

CI to revisit trust conversion

While retail investors are spending the day bidding up Tim Horton’s newly listed stock, there is another, perhaps more interesting story unfolding in the financial services sector. CI Financial announced Friday morning that it was revisiting the idea of converting to an income trust. The stock ended the day nearly 6% higher. CI had announced […]

By Steven Lamb |March 24, 2006

2 min read

Decorative pattern

Portus put into bankruptcy

An Ontario court has rubber-stamped KPMG’s request to place Portus Alternative Asset Management into bankruptcy, bringing investors a step closer to retrieving at least some of their money. Still, those investors will have to wait until June 21 for their first meeting. There were no Portus representatives in attendance to oppose the motion when Justice […]

By Mark Brown |March 24, 2006

3 min read

Decorative pattern

Plan sponsors need to revisit liability matching

Pension plan sponsors need to think about liabilities as a benchmark and how a risk/reward strategy can reduce them in the future, according to State Street Global Advisors. Speaking to reporters, Sean Flannery, chief investment officer with State Street in Boston, said although liability driven investments seemed quaint in the 1990s, when equities were booming, […]

By Joel Kranc |March 23, 2006

2 min read

Decorative pattern

Securities industry posts record profits: IDA

The securities industry posted higher profits in 2005, setting a third consecutive record for earnings, according to the IDA’s annual Securities Industry Performance report. Total adjusted operating profits for the securities industry shredded the previous record of $3.6 billion in 2004, reaching $4.3 billion last year. The industry got a $1.215 billion boost in the […]

By Steven Lamb |March 23, 2006

3 min read

Decorative pattern

Ontario reduces capital tax

Ontario says it will reduce the province’s capital tax by five per cent, starting next year. That was the only tax measure announced in Thursday’s provincial budget. The cut, two years ahead of schedule, is expected to cost the province $60 million in fiscal 2007, according to Dwight Duncan, Ontario’s finance minister. Duncan adds the […]

By Doug Watt |March 23, 2006

1 min read

Decorative pattern

Central bank flexible on regulatory regime, Dodge says

Governor David Dodge says the Bank of Canada has no strong leaning towards a single national securities regulator, as long as the country has uniform securities laws. Speaking on Tuesday to reporters in Toronto, Dodge said that goal can be achieved through total harmonization of securities laws, rules and procedures across the country, leaving intact […]

By Doug Watt |March 22, 2006

2 min read

Decorative pattern

U.S. slowdown could hit Canada, TD warns

While the opening months of 2006 have seen a rebound in both the U.S. and Canadian economies, the second half of the year could see a mid-cycle slowdown south of the border with ripples affecting Canada’s growth, according to a report from TD Economics. While a deceleration in late 2005 was caused by isolated incidents, […]

By Steven Lamb |March 22, 2006

4 min read

Decorative pattern

Bankers gaining more Canadians’ trust, poll suggests

Seventy-two per cent of Canadians say they trust bankers, according to Leger Marketing’s annual ranking of professions, a seven percentage point increase from last year. Although the annual survey does not include financial advisors, only 46% of those surveyed said they trusted insurance brokers. Firefighters topped the list, at 96%, conducted by Leger for the […]

By Doug Watt |March 21, 2006

2 min read

Decorative pattern

Provincial budgets could pay off in dividends

Investors in Alberta, Quebec and Ontario will want to pay close attention to budgets in those provinces due out this week if they’re banking on the federal government’s promise to eliminate the double taxation of dividends. Starting Wednesday, investors will get their first indication whether the three provinces are going to follow Ottawa’s lead announced […]

By Mark Brown |March 21, 2006

3 min read

← Previous 1 … 1,949 1,950 1,951 1,952 1,953 … 2,143 Next →