A.M. Best Co. has affirmed the financial strength rating and the issuer credit rating of Co-operators General Insurance Co.The rating agency also has affirmed the financial strength rating and the issuer credit rating of Co-operators General’s wholly owned subsidiary, The Sovereign General Insurance Co. In addition, A.M. Best has affirmed the financial strength ratings and […]
Canadian markets closed Tuesday and Wednesday
Thow handed lifetime ban from B.C. capital markets
Unregistered offshore company offering seminars
Montreal Exchange Inc. announced today that it has reached an agreement to increase its ownership position in the Boston Options Exchange (BOX) from 31.4% to 53.2%, subject to regulatory approval.Under the terms of the agreement with the Boston Stock Exchange (BSE), a partner in BOX, MX will pay US$52.5 million in cash for the 21.9% […]
Dec. 24 last day for trading to settle in 2007
Capital markets unit no longer viable
The U.S. Federal Reserve, working to combat the effects of a severe credit crunch, announced Friday it had auctioned another $US20 billion in funds to commercial banks at an interest rate of 4.67%.The central bank said it had received bids for US$57.7 billion worth of loans, nearly three times the amount being offered, indicating continued […]
Manufacturing output rises 0.8%, after declining for two months
Ontario sales decline 0.5% in October