Sun Life Financial Inc. plans a domestic offering up to $300 million of senior Unsecured Debentures, the company said Thursday.The offering of Series D Senior Unsecured 5.70% Debentures due 2019 is expected to close on June 30, and the proceeds will be used for general corporate purposes, including investments in subsidiaries, Sun Life says.Details of […]
New hire brings expertise from Raymond James’ Independent Contractor business unit
Fairfax Financial Holdings Ltd. said Thursday that the New York Regional Office of the Securities and Exchange Commission has completed its investigation of the company, and does not intend to recommend any enforcement action.“We were gratified to learn that the SEC staff does not intend to recommend any enforcement action against Fairfax,” said Prem Watsa, […]
Commodity price rebound, fiscal stimulus funds bear fruit
DBRS has confirmed its ratings on the Caisse de dépôt et placement du Québec and CDP Financial Inc., the rating agency said Thursday.The rating agency notes that the Caisse’s total portfolio recorded a return of negative 25% in 2008 and missed its benchmark by a substantial 658 basis points, erasing nearly two and a half […]
Private companies lagging behind, survey shows
Rollover to Front Street Resource Fund to take place on July 16
Biggest declines seen in the service sector
U.S. Q1 GDP revised up slightly
Company looking to expand ETF business through organic growth, acquisitions