Former CIO Hicks to lead Russell’s North American equities team
Scotia Securities Inc. today announced an overhaul of its $3.7 billion Scotia Partners Portfolios program.The four specially designed portfolios offer broad diversification to investment mandates from seven of the top investment management firms in Canada.“We have had great success with our Scotia Partners Portfolios over the past five years, which provides us with the scale […]
Houston-based M&A firm specializes in oil & gas exploration and production sector
Asset allocation strategy becomes gradually more conservative
Wachovia fires CEO
Average refund so far is $1,440
Statistics Canada releases building permits for April on Thursday. An increase of 0.7% in the number of permits issued is forecast, compared with a decline of 4.5% in March.On Friday, Statistics Canada releases its employment report for May. Economists forecast 8,500 net new jobs, annualized, down from 19,200 in April. The jobless rate is expected […]
Moody’s Investors Service has affirmed the ratings of Royal Bank of Canada (RBC) following its second quarter 2008 earnings announcement in which it reported a $854 million writedown, before taxes and compensation adjustments, on a variety of structured credit activities.For the quarter, RBC reported net income of $928 million. RBC is rated B+ for bank […]