In a discussion paper released Friday, the UK’s Financial Services Authority aims to explore the steps the regulator or others could take to help consumers understand and protect their own best interests more effectively.The FSA says that while it has no power to impose responsibilities on consumers, it is required by law to consider the […]
Deal advances strategy to build business of integrated private wealth management services to international clients
Relief package lets car makers avoid bankruptcy
Canada’s inflation rate tumbled to 2% in November as recession-ravaged businesses cut prices to keep customers coming, Statistics Canada reported Friday.The national consumer price index increase dropped to 2% in the month compared with October’s 2.6% figure. November’s reading represented an even larger drop compared with the September CPI of 3.4%.“The slowdown in November was […]
Markets wait for news on auto industry bailout
The British Columbia Securities Commission has settled with an investment dealer that agreed to pay $12,000 for breaching a BCSC cease trade order.E*Trade Canada Securities Corp. admitted in a settlement that it violated a BCSC cease trade order when it sold shares of Raven Gold Corp.Raven Gold, incorporated under the laws of Nevada in 2005, […]
Ontario and Newfoundland are the only two provinces expected to report negative GDP growth in 2009
Changes will make it easier for issuers and insiders to understand their obligations, regulators say
Guardian Group of Funds Ltd. is appointing Harris Investment Management Inc. as portfolio advisor for GGOF American Equity Fund Ltd., replacing Lazard Asset Management (Canada) Inc., effective March 18, 2009.Harris Investment Management Inc. began managing money over 100 years ago and had approximately US$16.9 billion in assets under management as of July 31, 2008. Harris […]
Foreign investors renew appetite for Canadian bonds