New York Stock Exchange brokerage firms reported a loss of almost US$7billion for the third quarter.NYSE member firms that conduct business with the public (which excludes market makers) reported a third-quarter 2008 after-tax loss of US$6.95 billion on revenues of US$44.13 billion, compared with US$2.49 billion in after-tax losses on revenues of US$78.79 billion in […]
BCSC fines firm and president for advising clients without registration
Portfolio strategist plans to launch independent advisory firm
Toronto and Calgary markets face greater challenges
Non-interest income growth outperformed interest income
U.S. GDP unrevised for Q3
The Ontario Superior Court of Justice has issued a final order approving the plan of arrangement under which CI Financial Income Fund will convert to a corporation, CI announced Monday.The conversion will be completed on Jan,1, 2009. CI will be renamed CI Financial Corp. and its common shares will trade under the symbol CIX on […]
Editorial
Special meeting scheduled for Feb. 19
J.P. Morgan to acquire Canadian energy business from UBS