Large losses in manufacturing, construction and natural resources
Bank of Nova Scotia intends to redeem all of the $325 million aggregate principal amount of 5.75% Debentures due May 12, 2014 on May 12, 2009 at par plus accrued and unpaid interest, the bank said Wednesday.The redemption has been approved by the Office of the Superintendent of Financial Institutions and is part of the […]
Capital International Asset Management (Canada), Inc. has received securityholder approval to merge its Capital International – Global Small Cap fund into its Capital International – Global Equity fund, the company said Wednesday.Investor approval, obtained at a special meeting held April 7, 2009, followed previous regulatory approval as well as a positive recommendation from the fund’s […]
Committee to ensure individuals and businesses have access to financing
Divestitures represented 51% of the deals announced
Foreign direct investment in Canada up 3%
Monique Jérôme-Forget is stepping down as Quebec’s finance minister and leaving politics.Jérôme-Forget, 68, announced her resignation Wednesday morning in Quebec City in a joint news conference with Premier Jean Charest.“I take great pride in having been able to serve Quebecers for more than 10 years. A passion for getting things done, in the public interest, […]
A preliminary prospectus for the O’Leary Canadian Income Opportunities Fund has been filed with Canadian securities regulators, O’Leary Funds Management LP said Wednesday.The fund’s investment objective is to provide unitholders with monthly distributions initially targeted to be 9¢ per trust unit, or $1.08 annually, representing an annual cash distribution of 9% based on the $12 […]
HSBC Bank Canada has completed its $250 million offering of preferred shares, the bank said Wednesday.The 10 million Non-Cumulative 5-Year Rate Reset Class 1 Preferred Shares Series E were issued at a price of $25 a share. The offering was made through a syndicate of underwriters led by HSBC Securities (Canada) Inc. and Scotia Capital […]
Majority say executives at government-supported companies should give back bonuses