Falling price of oil helps fuel U.S. rally
Mortgage insurer Genworth Financial Canada says its products will comply with the federal government’s recently announced adjustments to the rules for government guaranteed mortgages aimed at protecting and strengthening the Canadian housing market.“We support including fixing the maximum amortization period for new government-backed mortgages to 35 years, and requiring a minimum down payment of 5% […]
Manufacturing sector to benefit from stable loonie in 2009
The Ontario Teachers’ Pension Plan (Teachers’) has announced the promotions of seven executives in the Investment division. The appointments include: Stephen Dowd, senior vp, infrastructure; Ron Mock, senior vp, alternative investments; Jason Chang, vp, fixed income capital management; Kevin Kerr, vp, onfrastructure; and Andrew Claerhout, Shael Dolman and Glen Silvestri to vp, Teachers’ Private Capital.“These […]
Equitable Group Inc. today announced that it has closed its previously announced “bought deal” financing of 1.6 million common shares at $21.50 per common share, for aggregate gross proceeds of approximately $34.4 million.The underwriters co-led by GMP Securities L.P. and TD Securities Inc., and a syndicate comprised of BMO Nesbitt Burns Inc., Cormark Securities Inc., […]
New telemarketing legislation is coming into force at the end of September that could seriously affect the way financial advisors prospect for new investors and sell new services to existing investors.On Wednesday, July 23, The Investment Funds Institute of Canada (IFIC) will hold a “Do Not Call List” seminar to bring advisors up to date […]
TMX Group Inc. and Citigroup Inc. today announced an agreement to provide Toronto Stock Exchange and TSX Venture Exchange participating organizations with a smart order routing solution powered by Citi’s Lava ColorBook II technology. This smart order router will execute orders at various Canadian marketplaces seeking the best available prices.ColorBook II will provide customers a […]
The British Columbia Securities Commission has settled with a Vancouver-based investment dealer and one of its registered sales people who admitted to trading a U.S. over-the-counter security that was subject to a cease trade order.Monty Gregory Lorne Montaine, a registered salesperson with Global Securities Corp, manually entered two sales orders of Brookmount Exploration Inc. shares […]
The average weekly wage is still growing faster than the inflation rate