Hartford Investments Canada Corp. announced Friday that after June 30, Hartford Canadian Money Market Fund will cease offering for sale, and cease accepting subscriptions/purchase orders for, units of the Six Month Series 3 of each class of DCA units. In their place, Hartford will offer for sale units of the Six Month Series 4 of […]
Inflation report due Wednesday
UBS Global Allocation Trust and UBS Total Return Trust
The Alberta Securities Commission (ASC) has banned trading in or purchasing of securities of CMKM Diamonds, Inc. and denied the company the use of any Alberta securities laws exemptions indefinitely until otherwise ordered by the ASC.An ASC panel issued the reciprocal order after determining CMKM, a Texas corporation, traded its shares to Alberta investors without […]
Final closing expect in late June
Sentry Select Capital Corp., as manager of Sentry Select MBS Adjustable Rate Income Fund II, today announced that Fixed Income Discount Advisory Co. (FIDAC) has resigned as investment manager of Mortgage-Backed Securities Limited Partnership. The fund obtains exposure to the LP through a forward agreement.FIDAC’s resignation will become effective on July 14.FIDAC advised that the […]
National Bank Securities Inc., manager of National Bank Mutual Funds, today announced that it is reducing the management fees on the investor and advisor series of the National Bank Global Bond Fund to 1.50% from 1.75%, effective immediately.The manager says the lower management fees on the fund will also have a positive impact on the […]
Oil climbs above US$127 mark
Desjardins Group has booked an additional $220 million writedown on asset-backed commercial paper, nearly doubling its ABCP-related charges to $493 million.The country’s largest credit union, based in Lévis, Que., said yesterday the first-quarter writedown reduced surplus earnings before member dividends to $67 million.The $220 million writedown represents 11.1% of Desjardins’ $1.66 billion in ABCP holdings. […]
Walsh elected non-executive chairman of the board