Industry News

End may be in sight for credit crunch

This week’s earnings reports from Canada’s biggest banks may have been marked by double-digit profit erosion and hundreds of millions of dollars in fresh writedowns, but they may also be a sign that the worst of the credit crunch is behind us. “Probably all of these numbers are better than were feared,” says Chris Lowe, […]

By Steven Lamb |August 29, 2008

3 min read

Industry

Briefly: Expert Panel appoints legal team, and more news for Thursday

Richard J. Balfour, Partner, Torys LLP Toronto. Philip Anisman, Barrister and Solicitor, Toronto Philip Anisman, Barrister and Solicitor, Toronto Richard J. Balfour, Partner, Torys LLP Toronto. Patrick Finnerty, Partner, Blakes Cassels and Graydon LLP, Calgary Mitchell Gropper, Partner, Farris, Vaughn, Wills and Murphy LLP, Vancouver Francis Legault, Partner, Ogilvy Renault LLP, Montreal Glorianne Stromberg, securities […]

By Staff |August 28, 2008

3 min read

Industry

Investors should be wary of Russian politics

For years Russia has been a boon to energy-centric investors and emerging market nuts, but with the Kremlin’s increasingly belligerent attitude toward western investors, is it time to take the R out of BRIC? “I would be very hesitant to adopt new positions in the Russian market,” says Bob Gorman, TD Waterhouse’s chief portfolio strategist. […]

By Bryan Borzykowski |August 28, 2008

2 min read

Industry

Briefly: Commodities up in July, and more news for Wednesday

(August 27, 2008) Commodity prices surged in July, gaining 4% month-over-month, according to Scotiabank’s Commodity Price Index. That makes it the seventh consecutive record-setting month. The broad-based commodity index tracks the 32 separate materials that make up the bulk of Canada’s resource exports. The index has climbed 226.8% since its cyclical low in October 2001, […]

By Staff |August 27, 2008

2 min read