NYSE Euronext announced that it is buying the CME Group’s Metals Complex, and will shift trading of gold and silver futures and options to its derivatives trading system, LIFFE, later this year, pending regulatory approvals.Under terms of the agreement, NYSE Euronext will acquire the CBOT Metals Complex from CME Group, including its volume and open […]
A shareholder’s bid to take over Loring Ward International has been scrapped, as Werba Reinhard Holdings has withdrawn its offer.The board of Loring Ward had recommended other shareholders reject the offer, saying it was simply too low. The company says it will still entertain offers from other interested parties, while inviting Werba Reinhard to submit […]
Your Guide to socially responsible investing: Special Supplement
U.S. consumer prices were unexpectedly flat in February, a government report showed, clearing the way for a large interest rate reduction by the Federal Reserve next week.The consumer price index was unchanged in February both overall and when volatile food and energy prices were excluded, the U.S. Labour Department said today. Core inflation hadn’t flattened […]
US$8.5 billion deal expected to close in a few weeks
Real estate remains major contributor to increase
Canadian labour productivity drops in fourth quarter
The cost of owning a home hit its highest level since 1990 in the latest quarter, according to a report released today by RBC Economics.The bank says a long upward trend in house prices driven by a strong economy that has seen growth in the job market is to blame.The affordability study, which measures how […]
Indexplus Income Fund, Middlefield Equal Sector Income Fund and HTR Total Return Fund
The House of Commons passed a confidence motion on Thursday afternoon that effectively cancels a Liberal-sponsored RESP tax-break bill already before the Senate.Members of Parliament voted 124-87 in favour of a ways-and-means motion to implement the federal budget that included provisions to cancel the bill, which promised tax breaks though the RESP plan.The bill, introduced […]