Investment manager CI Financial Income Fund today reported that its second quarter profit more than doubled and fee-earning assets under management jumped by 33%.Net income at CI was $151.6 million, or 54¢ a unit, in the three months ended June 30.That’s up from$69.3 million, or 24¢ a unit, in the three months ended May 31, […]
Groupe Cloutier, Worldsource Financial Management to provide fund distribution services to P&C brokerages
Units and warrants begin trading on TSX
Underwriting results show improvement
Record Q1 results prompts dividend increase
Market jitters spoil a promising month for mutual funds
The recent losses on the Toronto Stock Exchange were driven by unwarranted fears that the U.S. subprime meltdown would seriously impact global growth, finds a new CIBC World Markets report.“Investors followed a circuitous route to link U.S. mortgages to Canadian equities over the past month,” says Avery Shenfeld, senior economist at CIBC World Markets. “Losses […]
Toronto stocks tumbled Wednesday in a broad selloff over credit concerns that was made worse by falling oil prices.The S&P/TSX composite index closed down 213.89 points, or 1.5%, at 13,654.74 after earlier sinking as much as 341 points.The heavyweight energy sector was a dragged down the broader index falling 1.8% as U.S. crude oil futures […]
Net sales total $257 million