Franklin Templeton Investments Corp. says it will add Series T to 14 funds in its Corporate Class structure on Oct. 1. The CorPLUS-Series T will offer a monthly distribution based on return of capital, while allowing investors to switch between funds within the structure.“As your lifestyle changes the closer you get to retirement, it is […]
The Canadian Bankers Association said Friday it applauds the federal government for keeping its 2007 federal budget promise to eliminate the withholding tax as outlined in the updated Canada-U.S. Tax Treaty. Finance Minister Jim Flaherty and U.S. Treasury Secretary Henry Paulson Jr. signed the update to the Canada-U.S. Tax Treaty this morning following a meeting […]
Canadians welcome the strength in the C$ but many doubt that it will change their investment decisions, shows a survey released Friday.The C$ first reached parity with the US$ on Thursday, for the first time since 1976, and remained there Friday.“Canadians also do not appear to be in any great hurry to alter their investment […]
Golf Town Income Fund today said a special meeting of unitholders voted in favour of a resolution authorizing the sale of all of the indirect operating investments of the fund by Golf Town Limited Partnership to OCPI Golf Inc.The sale deals with a transaction agreement reached Aug. 10 among OCPI, OMERS Capital Partners Inc., the […]
BCE Inc. shareholders today approved a takeover of the company by a consortium led by Teachers’ Private Capital, Providence Equity Partners and Madison Dearborn Partners.Common shareholders will receive $42.75 a share, a 40% premium over the average closing price of BCE common shares for the three-month period ending March 28, the last trading day before […]
Grey Island Systems International Inc. today said it is now ranked among the Deloitte Technology Fast 50, a ranking of the fastest-growing technology companies in Canada, based on the percentage of revenue growth over five years.The company said its revenues rose 715% from 2002 to 2006, resulting in a 28th ranking.“Transforming technological innovation into business […]
Unitholders of MD US Large Cap Growth Fund and MD US Large Cap Value Fund have voted in favour of changes to the investment objectives of the funds, MD Funds Management Inc. said today.As well, the assets of the MD US Small Cap Growth Fund will be merged with the assets of MD American Growth […]
The U.S. markets should open a bit higher today, but an absence of economic data and earnings reports means there is little reason for any broad price movements.The C$, meanwhile, opened in North America at parity with the US$, right down to the smallest fraction. One C$ equalled exactly one US$.The C$, which closed Thursday […]
The Investment Dealers Association said it has imposed $795,000 in discipline penalties on National Bank Financial for violations of various bylaws and regulations.The penalty, plus a further $50,000 for costs, largely stems from misconduct at an NBF branch in Joliette, Que.“National Bank cooperated fully with the investigation of the matters which are the subject of […]
New Master Declaration of Trust for I.G. Investment Management funds