Canaccord warns regulatory issue puts snag in takeover offer
Management group no longer ruling out individual asset sales
- By: Mark Burgess
- May 8, 2023 May 8, 2023
- 14:55
Management group no longer ruling out individual asset sales
Deal resolves claims over mortgage prepayment charges
Strong growth in healthcare, restaurants and bars
Average hourly wages rose 5.2% but hiring is not happening as broadly
Richardson Wealth parent firm posted $5.3-million net loss in first quarter
Central bank is prepared to raise interest rates further if required
Net flows decreased by 60% to $990 million from $2.5 billion a year earlier
The agreement includes wage increases plus a pensionable one-time lump sum payment of $2,500
The quarter-point increase comes a day after the Federal Reserve's identical move
The cancellation of the transaction comes amid upheaval in the U.S. banking sector
Following CI's request to withdraw coverage, S&P dropped its rating for the asset manager
InvestorCOM, a vendor of Mackenzie Investments, had data exposed when hackers targeted a secure file transfer service
Both the Competition Bureau and OSFI are reviewing the transaction, which requires approval from the finance minister
Lack of personalized advice created a void filled by negative returns, the latest survey says
The DTC is a valuable credit for Canadians with disabilities and the key to other support programs
Customers pulled out more than US$100 billion in deposits after SVB and Signature Bank failed
Interest rates pushed debt charges up 40.7%
SVB “remained well-rated, even as conditions deteriorated,” central bank report says
February growth below forecast with contractions in manufacturing, wholesale and retail trade
Advisors should “show a less rosy picture” than the DSIR
Inflation slowed to 4.2% but much of that reflects lower gas prices
The Quebec regulator also plans to improve complaint handling and financial literacy
Toronto-based firm said it would use proceeds from the sale to pay down debt
However, banking sector isn't fully in the clear, superintendent said
Executive-level business leaders say inflation is an ongoing struggle