Largest monthly decline since Jan. 1998
Air Canada swings to a loss
The Ontario Securities Commission has approved a settlement reached with former Biovail Corp. chief financial officer Brian Crombie.At a hearing on Thursday, an OSC panel approved the settlement entered into by staff of the commission and Crombie.Crombie was accused of participating in a long-running scheme at Biovail to overstate the company’s earnings between 2001 and […]
Transamerica Life Canada and AEGON Fund Management Inc. announce Thursday that Transamerica’s imaxxGIF segregated funds and AFM’s imaxxFunds mutual funds are now available for Tax-Free Savings Accounts (TFSAs). A TFSA is a registered savings account that allows Canadians to invest up to $5,000 per year, take advantage of tax-free growth, and withdraw their savings on […]
Hydro failure dims Toronto financial district
Board to maintain its current composition with one vacancy of a public director
Operating results “very encouraging”, insurer says
Seven ETFs to be managed by Jones Heward
CIBC Mellon has been appointed custodian in the $32 billion restructuring of the non-Canadian, non-bank sponsored asset-backed commercial paper (ABCP) market, the company said Thursday.“CIBC Mellon is uniquely positioned in the Canadian market to manage this important and complex ABCP restructuring,” says Thomas MacMillan, president and CEO. “We worked closely with the Pan-Canadian Investors’ Committee […]
Proposed mergers to take place April 17