Petroff to succeed Bertram
Creststreet Mutual Funds Ltd. is asking Canadian securities regulators to extend the period that Creststreet Resource Fund has to reduce the amount of private investments held by the fund, the company said Thursday.Creststreet is seeking an additional 180 days until May 17, 2009, to reduce the illiquid security component of the fund’s portfolio to below […]
The sale of units of Mavrix Explore 2008-II FT Limited Partnership raised total gross proceeds of $12.5 million.Mavrix Fund Management Inc., the manager and portfolio advisor, announced the final closing of the LP on Thursday.The LP will invest in a diversified portfolio of flow-through shares issued primarily by mining companies with exploration activities in Canada.The […]
The OECD area likely saw GDP fall for the first time in seven years, down 0.1% in the third quarter, the Organization for Economic Co-operation and Development reported Thursday.According to preliminary estimates, U.S. GDP fell by 0.1% in the third quarter, the first contraction since the third quarter of 2001. Japan’s GDP also declined by […]
Canadian corporate profits up 7.6% in third-quarter
Ottawa to work with provinces to put in place a common securities regulator to increase oversight
U.S. markets hit 5-year low
Investors may now open a Tax-Free Savings Account (TFSA) at Franklin Templeton Investments Corp., the company announced Wednesday.Canada’s financial institutions are stepping up competitive strategies to get Canadians on board ahead of the official TFSA launch in January 2009.Introduced by the Federal government and available at the beginning of 2009, the TFSA provides Canadians the […]
Least optimistic sectors are manufacturing and construction
Housing starts tumble for fourth straight month