Bank of Nova Scotia today announced that as a result of strong investor demand for its domestic public offering of non-cumulative five-year rate reset preferred shares Series 22 the size of the offering has been increased to 12 million shares. The gross proceeds of the offering will now be $300 million.The offering was made through […]
CIBC today announced that it had entered into an agreement with a group of underwriters led by CIBC World Markets Inc. for an issue of preferred shares worth $225 million.The 9 million non-cumulative Rate Reset Class A Preferred Shares, Series 33 are priced at $25 per share.CIBC has granted the underwriters an option, exercisable in […]
$12.2 million cut from net income in first half of 2008
Increases in high-performing industries are about 40% higher than the average
Bank of Nova Scotia’s Commodity Price Index, which measures price trends in 32 of Canada’s major exports, advanced by 4% month-over-month in July, rising to a new record high for the seventh consecutive month.“The cyclical upswing in commodity prices from the low in October 2001 — at 226.8% — is now virtually on par with […]
IFIC recommends allowing pension income-splitting with a spouse or partner to begin at age 55
TD Canada Trust, President's Choice Financial rank highest in customer satisfaction
Exchange traded fund tracks MFC global infrastructure index
Bank takes $885 million writedown on structured credit business
Supply fears boost oil prices