Canadian economy remains at risk
Desjardins Group has booked an additional $220 million writedown on asset-backed commercial paper, nearly doubling its ABCP-related charges to $493 million.The country’s largest credit union, based in Lévis, Que., said yesterday the first-quarter writedown reduced surplus earnings before member dividends to $67 million.The $220 million writedown represents 11.1% of Desjardins’ $1.66 billion in ABCP holdings. […]
Once a promising concert pianist, Monique Leroux aims to build presence across Canada
Ontario will be in a recession, Quebec will barely escape it
DGI direct home and auto plans now on offer
In a special meeting held Saturday in Quebec City, 256 representatives of Desjardins Group from across Québec and from Ontario came together to elect Monique Leroux, currently senior executive vp and CFO of Desjardins Group, to the office of president and CEO.She will succeed Alban D’Amours, who has held this position since March 25, 2000.Leroux […]
Cooperative takes further $116 million writedown on non-bank ABCP holdings
Offer applies to external funds and Northwest & Ethical Funds
Lemieux succeeds Pepin
New president to take office on March 29