Quarterly profit dropped at Power Financial Corp. as its subsidiaries suffered from stock losses and credit charges, the Montreal-based financial services holding company said Tuesday.Power Financial, a unit of Power Corp of Canada said it had net earnings, including special items, of $195 million, or 24¢ a share, for the three months ended March 31. […]
Plan members leaving their employer can maintain up to $1,000,000 of coverage
Trade surplus with U.S. unchanged from February
Three veteran investment bankers join Chicago office
Investment dealer plans to increase Toronto area branch offices by almost 200%
Crisis point in Canada’s venture industry reached, says CVCA president
Canada’s trade surplus widens as imports drop
CRA revokes the charitable status of Toronto charity
Financial services holding company Fairfax Financial has agreed to increase its investment in The Brick Group Income Fund, Fairfax said Monday.Under a private placement, Fairfax, which is one of the Brick’s largest shareholders, will boost its acquisition of debt units to be issued by the Brick by $5 million to a total of $45 million. […]
William Dudley has been appointed as chairman of the Committee on Payment and Settlement Systems (CPSS), the Bank Bank for International Settlements said Monday.His appointment is effective immediately.The CPSS focuses on international efforts to reduce risks and increase efficiency in payment and settlement systems. The CPSS secretariat, located at the BIS in Basel, Switzerland, is […]