Overhaul intended to simplify investor portfolio construction
Re-filing only affects Series 1 units
Jovian Capital Corp. has split the roles of president and CEO. Philip Armstrong will continue to serve as CEO while Mark Arthur, previously executive vice president, will assume the title of president.“From Jovian’s early days, Mark has played an integral role in its growth from a small, private company to a growing public company. With […]
A British Columbia Securities Commission panel have imposed sanctions against a former Vancouver-based securities salesperson who failed to ensure that certain speculative and illiquid investments were suitable for her clients.The panel ordered Jill MacGregor Bock to pay a $25,000 administrative penalty for violating securities rules. The panel also decided she must not engage in investor […]
Limits on physical capacity keeping companies from meeting demand
Financial Institutions Group – Deposit Taking Institutions challenged by risk focused supervisory methodology
The U.S. Federal Reserve’s preferred measure of inflation dipped below 2% for the first time in three years in May, according to a government report released today.At the same time, while personal incomes and consumer spending both grew in May, they did so a bit more slowly than expected.The price index for personal consumption expenditures […]
Government rebate lifts sales of fuel-efficient vehicles
Economic activity remained essentially unchanged in April, after growing 0.3% in March and 0.4% in February, Statistics Canada reported today.Significant drops in wholesale trade, oil-and-gas exploration, and motor vehicle manufacturing dampened growth in April — excluding these declines, the Canadian economy expanded by 0.3%.Both the goods-and service-producing industries stood still while utilities had robust growth […]