The Canadian PressTwo major financial institutions accused of misdealings in the asset-backed commercial paper market will have to dole out $28 million in fines and costs, in a settlement reached with the Ontario Securities Commission on Monday.CIBC World Markets (TSX:CM) will pay a fine of $21.7 million, plus $300,000 for the cost of the investigation, […]
Fees and commissions go to support children in need
IIROC to review settlements with Canaccord, Credential, and Scotia Capital
Staff and advisors’ commissions donated to children’s charities on Wednesday
Stable payers offer downside protection in uncertain times
Investors searching for growth opportunities may look to Brazil, Asia
Performance of bonds, stocks set to be stronger north of the border
The recession in Canada may be over, but a new report from CIBC World Markets warns that a weak recovery will prevent the Bank of Canada from hiking interest rates until 2011. The report by CIBC chief economist Avery Shenfeld says economic growth and inflation will remain muted next year.“Unlike the Bank of Canada, we […]
Commodities rebound could boost federal fortunes
Firm recommends that there’s “enough upside” ahead to justifying staying in stocks