Xceed to seek conversion to a federally regulated bank
As a bank, Xceed would have more flexibility to offer other financial products besides mortgages
- By: IE Staff
- August 7, 2009 August 7, 2009
- 08:08
Latest news in Industry News
GWL reports weaker net income in Q2, first half
The firm realized lower investment-management fee income as a result of the lowered market value of assets invested in its funds
- By: IE Staff
- August 6, 2009 August 6, 2009
- 12:10
Home Capital reports record net income in Q2
Historically low mortgage rates and the resilience of the Canadian housing market helped the firm boost profits and increase asset growth
- By: Megan Harman
- August 6, 2009 August 6, 2009
- 12:04
Sun Life reports rise in net income for Q2
CEO suggests that tight credit conditions and other external factors would continue to influence Sun Life’s results in the third quarter
- By: Megan Harman
- August 6, 2009 August 6, 2009
- 11:03
Manulife reports growth in Q2, but slashes its dividend
A reduction of the dividend by 50% is intended to boost the company’s capital levels
- By: IE Staff
- August 6, 2009 August 6, 2009
- 10:38
Sprott’s revenue, net income plunge in Q2
Firm hopes to add a fixed-income component to its offerings and it is exploring new products in its line of gold investment vehicles
- By: Megan Harman
- August 6, 2009 August 6, 2009
- 10:26
TD buys Citizens Bank’s loan book
Citizens Bank borrowers will see their mortgages and loans transferred to TD Canada Trust by early 2010
- By: Rudy Mezzetta
- August 6, 2009 August 6, 2009
- 10:13
Canadian financial services firms strongly support reforms
Almost half of Canadian firms are in favour of establishing a government entity to regulate systemic risks
- By: James Langton
- August 6, 2009 August 6, 2009
- 09:53
Equitable Group reports growth in net income for Q2
Increase achieved through a combination of margin improvement measures, improved productivity, diligent risk management and attractive securitization volumes and spreads
- By: IE Staff
- August 6, 2009 August 6, 2009
- 09:46
GMP Capital reports strong Q2 results
Revenue rose, but net income fell as a result of adjustments in converting back to a corporation
- By: IE Staff
- August 6, 2009 August 6, 2009
- 09:27
Net redemptions continue in July: IFIC
But preliminary data reveal that investors are drifting out of money market funds and back into long-term funds
- By: James Langton
- August 5, 2009 August 5, 2009
- 16:02
HOMEQ sees steep losses in Q2
The company is conserving cash until its subsidiary receives approval to become a Schedule I bank
- By: Megan Harman
- August 4, 2009 August 4, 2009
- 17:06
First Asset completes Criterion Investments acquisition
VenGrowth, a private equity and alternative investment manager, will maintain a minority equity interest in Criterion
- By: Megan Harman
- August 4, 2009 August 4, 2009
- 11:59
Guggenheim Partners to acquire Claymore Group
The U.S.-based parent company of Claymore investments, Inc. has agreed to merge with Guggenheim Partners, LLC, a global diversified financial services firm, Claymore said Friday.As…
- By: IE Staff
- August 3, 2009 August 3, 2009
- 12:45
Co-operators General posts lower Q2 profit
Co-operators General Insurance Co. Friday reported lower second-quarter income, as the P&C insurer booked sharply lower investment gains.For the second quarter ended June 30, Co-operators…
- By: IE Staff
- August 3, 2009 August 3, 2009
- 11:29
Fairfax profit soars in second quarter
Insurance and reinsurance operations rebound
- By: IE Staff
- August 3, 2009 August 3, 2009
- 07:35
Seamark reports second-quarter loss
Asset manager reduces staff
- By: IE Staff
- July 30, 2009 July 30, 2009
- 15:40
Capital of Canadian banks adequate even under worsening conditions: S&P
Stress tests reveal banks could withstand even higher-than-expected losses
- By: James Langton
- July 30, 2009 July 30, 2009
- 14:50
Independent model proves successful for Queensbury
- By: Hugh McLelland
- July 30, 2009 December 15, 2017
- 13:57
Citigroup sells stake in Japanese asset manager
Citigroup Inc. is selling its stake in Nikko Asset Management to The Sumitomo Trust and Banking Co., Ltd. for about US$795 million, the U.S. financial…
- By: James Langton
- July 30, 2009 July 30, 2009
- 10:23
TMX reports lower Q2 profit
Operating expenses jump 24%
- By: Megan Harman
- July 29, 2009 July 29, 2009
- 13:35
Breakfast fundraiser kicks off Claymore model portfolio competition
Contest aimed at educating Canadians about ETFs
- By: Megan Harman
- July 29, 2009 July 29, 2009
- 11:15
Canadian Investment Awards calls for submissions
Nominations encouraged for Person of Influence and Career Achievement awards
- By: IE Staff
- July 29, 2009 July 29, 2009
- 09:45
Discount broker launches $100,000 practice accounts
Accounts provide an opportunity to test-drive RBC Direct Investing without using real money
- By: IE Staff
- July 29, 2009 July 29, 2009
- 08:36
Industrial Alliance profit drops in second quarter
Upswing in equity markets boosts AUM to a new high
- By: IE Staff
- July 28, 2009 July 28, 2009
- 15:05