Canadian equity funds dominate in April, says Morningstar
Strong performance from income trusts
- By: IE Staff
- May 2, 2007 May 2, 2007
- 07:40
Strong performance from income trusts
Purchase of Rockwater plays role in increase
But EBITDA declines, leading to net loss for quarter
Loss of Clarington revenue leads to drops across the board from Q1 2006
Deadline for having new independent review committees in place is Tuesday
Operating ROE of 13.5% up 30 basis points over previous year
For Canadian-based Hubs, quarterly revenue increased 7%
The firm’s assets grew almost 36% from a year earlier
Convergence would reduce overlap and promote efficiency, among others
With the divestiture, AGF’s remaning operations represent its core business
Automobile claims, premium declines posed significant challenges for the insurance firm
The firm will deploy capital into profitable growth opportunities
Almost two-thirds of large-cap equity managers beat the TSX composite index, the highest proportion in three years
Net proceeds will bolster Equitable Trust’s Tier 1 regulatory capital and provide a foundation for growth
The proposed Seasongood & Mayer buyout aims to bolster RBC’s position in the U.S. municipal investment banking market
Mavrix’s IRC is comprised of three members, all of whom are independent
Credit unions hope the province will provide them with the flexibility and business powers they need to prosper and grow
Citigroup will have an ownership stake of 60% in the brokerage for a cost of US$7.7 million
Company sees decline in expenses, losses from operations
Losses are estimated to be between $350 million and $450 million before taxes
Q1 results don’t include Euronext figures as the merger was approved on April 4
AIM Trimark parent sees operating profit improvement over previous year, but decline from Q4 2006
Deutsche Bank Securities providing financial advisory and investment banking services
Legislation could save lives