Industry

Norshield receiver finds little money

Retail investors in the failed Norshield Group of companies, which include Norshield Asset Management and Olympus United Funds, may only get back $8.5 million of the $132 million they placed in Norshield funds, according to the second report of receiver RSM Richter. The receiver stresses that this is only a preliminary finding. In addition, RSM […]

By Scot Blythe |November 18, 2005

3 min read

Canadians load up on foreign debt

Canadian investors poured $5 billion into foreign securities in September, making it the eighth straight month they added to their holdings, according to Statistics Canada. All of that capital was invested in debt instruments, with foreign bonds totaling $3.9 billion and money market instruments worth $1.2 billion. U.S. Treasury bonds accounted for $2.3 billion, nearly […]

By Steven Lamb |November 17, 2005

2 min read

New OSC chair sets sights on hedge funds

David Wilson says he intends to protect investors and restore trust in the Canadian marketplace, stressing the need for stronger regulation through a common securities regulator. In his first speech as OSC chair, at the annual Dialogue with the OSC in Toronto, Wilson said a common securities regulator in Canada would “improve both the efficiency […]

By Mark Brown |November 17, 2005

2 min read

Venture capital industry struggles in Q3

The rate of venture capital investment must rise if Canada is to compete on the global stage, according to the head of the industry association. “The Canadian venture capital industry remains undercapitalized,” said Rick Nathan, president of Canada’s Venture Capital and Private Equity Association (CVCA) and managing director of Goodmans Venture Group. Third quarter venture […]

By Staff |November 16, 2005

2 min read