Partners with Bank of Beijing to establish fund management company
The Financial Services Commission of Ontario announced a series of webinars for principal brokers, designed to prepare them for new business rules and regulations coming into effect on Jan. 1, 2009.Principal brokers serve as mortgage brokerages’ chief compliance officer, FSCO notes. To help understand how to comply with the new rules and regulations, FSCO is […]
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