For the second year in a row, Toronto-based AlphaNorth Asset Management’s AlphaNorth Partners Fund has won the award for “Best Three-Year Annualized Return” at the annual Canadian Hedge Fund Awards. Since the fund’s inception in December 2007, it has operated as a long biased small-cap hedge fund with a focus on Canadian companies. Between July […]
Royal Bank of Canada (RBC) of Toronto has reached an agreement to purchase the automobile financing and deposit business of Ally Financial Inc.’s Canadian unit. The entities being bought as part of the deal include Ally Credit Canada Ltd. and ResMor Trust Co. RBC is making the acquisition for $1.4 billion, net of excess capital. […]
New York-based Horizons ETFs Management (USA) LLC, an affiliate of Toronto-based Horizons ETFs Management (Canada) Inc., has partnered with Miami-based InterBolsa USA Holdings Inc. in a joint venture called Horizons ETFs Management (LATAM) LLC. The joint venture will sponsor and manage exchange-traded funds in Latin America, with an initial focus on Colombia. InterBolsa USA will […]
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The outlook is less rosy for the financial and energy sectors
Racioppo departs; Lapointe named chairman of the executive committee
Call centre rep used funds to pay down personal debt
Regulator encourages investors to use AdvisorReport to help in making informed decisions
More than half of Canadians still haven’t opened a Tax Free Savings Account
The expense of these two disclosure initiatives shouldn’t be passed on to investors