HSBC Bank Canada profit up 7.4% in Q1
Solid contributions from all customer groups
- By: IE Staff
- May 2, 2006 May 2, 2006
- 08:10
Solid contributions from all customer groups
Property and casualty insurer ING Canada Inc. announced at its annual meeting today that it is looking for more acquisition partners after its 2004 acquisition…
Firm to focus on innovative approach to financial management for incorporated individuals
But AUM declined significantly following Clarington’s investment-management termination
Empire Life replaces Empire Financial Group
Program to provide members with convenient access to full range of financial services, products
Selection extends 13-year relationship between company and province
Assets, loans and deposits all increased in 2005
First phase went into effect on April 27, subsequent phases to follow
Finance and insurance industries grew 6.7% in 2005, up from 1% in 2004
Sanctioned company to pay disgorgement of $16,260, investigative costs of $135,000
Gross written, net earned premiums increase as well
Carbon and energy trading exchange sees first profit in 2005
Credit union system’s membership tops 1.5 million for first time
Net proceeds to total about USUS$664.5 million
Q1 marks mutual fund company’s first quarter of net income since going public in April 2004
New system will allow Desjardins to facilitate the development of online management and investment solutions
CIBC expects to pay $27 million to about 200,000 clients
MX also working on creating the Montreal Climate Exchange
Operating ROE up 60 basis points
The Principles help integrate environmental, social and governance consideration into investment decisions
Acquisition impact and organic growth the key factors in the increase
Company also announces new record level of new savings in Q1
But CBA accuses Advocis, CFIB of fear-mongering, doing consumers a disservice