Industry

Decorative pattern

Confidence is strong, but are job stats misleading?

(July 12, 2005) Canadians are optimistic about their economic future, due in large part to stable interest rates and falling unemployment numbers, but critics say consumers are being misled by job creation statistics. Despite volatile number reported by the University of Michigan, Canadian confidence has remained steady and strong during the past three quarters. Today, […]

By Kate McCaffery |July 12, 2005

3 min read

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Crocus hit with $200 million lawsuit

(July 12, 2005) A class action has been filed against Manitoba’s Crocus Investment Fund. The statement of claim, which seeks $150 million in damages, plus an additional $50 million in punitive damages, was issued on Tuesday in Winnipeg. It names 17 former executives and board members of the troubled labour fund, which announced last month […]

By Doug Watt |July 12, 2005

2 min read

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Briefly:

(July 15, 2005) An Ontario court has convicted Andrew Rankin on 11 counts of illegal tipping, but cleared him on 10 charges of insider trading, drawing to a close his six-week insider trading trial. The former managing director of RBC Dominion Securities’ mergers-and-acquisitions branch was charged with passing insider information to his childhood friend Daniel […]

By Staff |July 11, 2005

12 min read

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Economists weigh in on Canadian outlook

(July 11, 2005) Economists say Canadian economic growth could peak in 2006, then pull back to higher but more moderate levels. Summer forecasting season is well underway and the consensus so far puts Canadian GDP growth between 2.9% and 3.4% in the coming year. The latest reports — one from BMO Financial Group and another […]

By Kate McCaffery |July 11, 2005

3 min read

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RBC opens first retail insurance branch

(July 11, 2005) RBC has followed through on a recent pledge to set up retail insurance offices next door to conventional bank branches. RBC Insurance opened its first office at the Woodside Square Mall in Scarborough, Ontario last month. The move, considered controversial by some industry watchers, is an attempt to bypass current regulations that […]

By Doug Watt |July 11, 2005

3 min read

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Berkshire distances itself from accused rogue advisor

(July 8, 2005) Berkshire Investments says it had no involvement in alleged wrongdoing by an advisor that worked for the firm in Victoria, B.C. Ian Thow was the subject of a scathing profile in The Vancouver Sun earlier this week. The article described Thow’s extravagant lifestyle, which reportedly included ownership of a $1.5 million yacht, […]

By Doug Watt |July 8, 2005

2 min read

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Analysts square off on market movement

(July 8, 2005) In the wake of an equity market run-up over the past three years, many investors are starting to get nervous. Will the markets continue to recover, or will the rally fizzle out? Subodh Kumar, chief U.S. investment strategist at CIBC, is considered bullish. He says the current valuation of 18 to 20 […]

By Steven Lamb |July 8, 2005

4 min read

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Derek

Derek

By Staff |July 8, 2005

1 min read

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Ontario regulator cuts surplus to $4 million

(July 7, 2005) The Ontario Securities Commission is reporting a $4.1 million surplus for fiscal 2005, down from $21.6 million the previous year. The surplus issue has been a focal point for critics in the past, who argue that a government agency should not be generating profits. Still, the commission has been reducing fees in […]

By Staff |July 7, 2005

2 min read

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CompCorp increases coverage limits

(July 7, 2005) Following the lead of the Canada Deposit Insurance Corporation, CompCorp, which protects policyholders in the event of an insurance firm bankruptcy, has increased its coverage limits. Accumulated values are now fully protected up to $100,000, CompCorp announced today, and for cash values, policyholders will receive at least 85% of their promised benefits. […]

By Doug Watt |July 7, 2005

2 min read

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