DBRS reports that it has been approved as an eligible External Credit Assessment Institution within the Eurosystem Credit Assessment Framework by the Governing Council of the European Central Bank. The ECAF defines the procedures, rules and techniques that ensure the Eurosystem requirement of high credit standards for all eligible assets to be used by counterparties […]
Strong Canadian economy drives growth
Barrick Gold makes $773 million bid for Arizona Star
CI Financial Income Fund says it is unable to meet the October target for the take-over bid circular for DundeeWealth Inc.On September 26, CI announced its intention to make a take-over bid to acquire all of the common shares of DundeeWealth Inc. At that time, CI stated that it expected to be in a position […]
Sun Life, IGM Financial to report Q3 results
Strong gains in corporate income tax boost August revenues
The Toronto Stock Exchange finished solidly higher on Friday as strong commodity prices helped the energy sector to a last-minute rally, shrugging off concerns over Alberta’s new oil and gas royalty structure.The S&P/TSX composite index gained 171.49 points, or 1.21%, to finish at. 14,296.43.For the week, the benchmark index posted a gain of 294.77 points […]
Canadian securities regulatory authorities have granted approvals to permit Scotia Mutual Funds and Pinnacle Program Funds to invest in securities of DundeeWealth Inc. All investments in DundeeWealth by the funds must be reviewed by an independent board of advisors.Last month, Bank of Nova Scotia purchased Dundee Bank of Canada, as well as 18% of outstanding […]
Galileo Funds Inc. today announced the implementation of the Independent Review Committee (IRC) for its mutual funds.The IRC for Galileo Funds has three members, all of whom are independent from Galileo Funds Inc. and its affiliates.The IRC members are: John Willson; Tom Caswell; and Jerry Giroux“We;re pleased to have an Independent Review Committee with such […]
U.S. consumer sentiment fell further than expected in late October to its lowest in more than a year as concerns about the housing slump darkened the economic outlook, a survey released today showed.The Reuters/University of Michigan Surveys of Consumers said its late October figure on consumer sentiment was 80.9, down from the month’s preliminary reading […]