Manulife Investments today unveiled a new series of principal protected deposit notes. RBC Manulife Investments Global Balanced Plus Deposit Notes are issued and guaranteed by Royal Bank of Canada.The performance of the notes is tied to the performance of three funds: the Mawer World Investment Fund, the Manulife Strategic Income Fund and the Manulife Canadian […]
Declines in residential and non-residential sectors
Investment flows to manufacturing and oil and gas industries
Sun Life Financial Inc. today reported an increase in profit for the first quarter ended March 31, despite tough market conditions and the stronger Canadian dollar.The company reported a quarterly profit of $533 million, or 93¢ a share, up from $497 million, or 86¢ a share, a year earlier.“Difficult capital markets, global credit pressures and […]
Drop threatens Canadian living standards
Less than 20% of large cap Canadian equity investment managers beat the benchmark in the first quarter of 2008, according to new data from Russell Investments Canada.That was down from 41% in the fourth quarter of 2007 and was the lowest level since 1999, when Russell began to closely monitor such data. As a result, […]
TSX finishes flat; Dow drops 89 points
BMO Investments Inc. announced that, at shareholders meetings held earlier today, it received approval to proceed with the merger of the BMO U.S. Equity Class Fund into the BMO Global Dividend Class Fund.“As a result of this merger, shareholders of BMO U.S. Equity Class will now have the potential to achieve greater geographic and portfolio […]
Median family income up 2.1% in 2006, nationally