A group of underwriters have exercised its option in full to purchase an additional 3 million preferred shares of Toronto-Dominion Bank, the bank said Tuesday.The non-cumulative 5-Year Rate Reset Class A Preferred Shares, Series AK carry a face value of $25 a share.This brings the total issue announced on March 26, and expected to close […]
Proposed legislation would create three new offences targeting the early stages of identity-related crime
TSX posts first monthly gain since August
Fund will not assume net short positions, Cumberland says
Flaherty tables annual reports on Canada’s participation in World Bank, IMF and EBRD
Home prices in the United States dropped by the sharpest annual rate on record in January.The Standard & Poor’s/Case-Shiller 20-city housing index released Tuesday tumbled by a record 19% from January 2008.It was the largest decline since the index started in 2000. The 10-city index dropped 19.4%, also a record.All 20 cities in the report […]
Editorial
Consumer delinquency rates increasing across the country
The financial services industry can debate the best strategy to deliver regulation, but no one debates the need for regulation. Credible markets require credible oversight. So, the question is: how well are Canadian regulators delivering on that proposition? Canadian investment dealers and mutual fund dealers all recognize the importance of a well-regulated marketplace. But how […]
Bank of Montreal is introducing a new lending product called Agri ReadiLine, which provides farmers with ready-access to funds without the need to reapply for loans throughout the year, the bank said Tuesday.“At this time of year farmers are getting ready for the growing season. They are looking at funding alternatives that best suit their […]