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 […]
Offer raises $305 million
Karen Maidment, chief financial and administrative officer of BMO Financial Group, is taking a leave of absence for cancer treatment, the bank announced today. Tom Flynn, treasurer and executive vp for finance, will become acting CFO.“Karen has been diagnosed with lymphoma and her treatment has begun,” said Bill Downe, president and CEO, BMO Financial Group, […]
Production prospects weaken
Province to review collection and reporting of energy royalties
Optimism wanes for Canadian manufacturers
Nasdaq drops almost 1%
Helios offers Guaranteed Minimum Withdrawal Benefit option