Industry News

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Industry

Canadian fund trading scams unlikely, consultant says

(September 26, 2003) A mutual fund trading scandal that has been called a “black eye” for the U.S. fund industry probably could not happen in Canada, according to a well-known industry consultant. Earlier this month, Canary Capital agreed to pay $30 million US in restitution and a $10 million US fine following an investigation by […]

By Doug Watt |September 29, 2003

2 min read

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Industry

Blockbuster deal for Manulife

(September 29, 2003) Manulife Financial has announced a friendly $15 billion takeover bid for Boston-based John Hancock Financial Services, which would make Manulife the second-largest life insurance company in North America. The merged firm would be based in Toronto with Manulife’s Dominic D’Allesandro as CEO. John Hancock CEO David D’Allesandro, who is not related to […]

By Staff |September 29, 2003

2 min read

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Industry

Briefly:

(October 2, 2003) BMO Investments Inc. has announced its intention to merge several of its funds and rename its “BMO Global Opportunities Class” as “BMO Global Equity Class,” pending regulatory and fundholder approval. Affected funds include BMO Far East Fund and BMO Latin American Fund which will be merged into BMO Emerging Markets Fund. BMO […]

By Staff |September 29, 2003

6 min read

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Industry

Manulife’s U.S. power play includes Canadian prize

(September 29, 2003) Dig beneath the mega-dollar headlines relating to Manulife Financial’s proposed takeover of Boston’s John Hancock Financial Services and you’ll find the deal also includes Maritime Life, a subsidiary of Hancock since 1969. If the agreement is approved, the Maritime name will essentially disappear as the Halifax-based firm is merged into Manulife’s Canadian […]

By Doug Watt |September 29, 2003

3 min read