Easing will support economic recovery, central bank says
Wholesale sales fell 0.6% to $41 billion in February, Statistics Canada said Tuesday. Declining sales in the machinery and equipment trade group and the “other products” sector were major factors contributing to this decrease.In terms of the volume of sales, wholesale sales were flat, StatsCan said.The government agency said the decline in sales reflected both […]
Review prompted by methodology change
A hearing panel of the Investment Industry Regulatory Organization of Canada has found that Toronto rep had undisclosed financial dealings in accounts at another firm.From April 2003 to August 2005, Julius Caesar Phillip Vitug engaged in business conduct or practice which is unbecoming or detrimental to the public interest in that he had an undisclosed […]
Cuts in spending less drastic, feelings of financial peril less severe
O’Leary Canadian Income Opportunities Fund (has added the securities of certain issuers to the list of issuers whose securities will be accepted by the fund I exchange for units of the Fund, O’Leary Funds Management LP said Monday.The was described in the funds’s preliminary prospectus dated April 3. The list sets forth the exchange eligible […]
Insufficient retirement savings seen as growing threat to sustainability of DC plans
Due to customer demand, CNSX Markets Inc. has extended its initiative to enable companies already listed on another Canadian stock exchange to switch to CNSX, the exchange said Monday.As an incentive to switch, CNSX originally offered these companies a reduced initial listing fee of just $2,000 for all applications received on or before March 31. […]
Fund’s focus is on reducing risk and volatility, while generating a predictable income stream
Changes made to investment strategies and portfolio managers