Loonie continues to climb
Earnings season in full swing
Seamark Asset Management Ltd. announced Friday that it is suspending its quarterly dividend after its profit fell by 50% in the third quarter.Net earnings for the quarter ended Sept. 30 were, $300,000, 3¢ a share. That compared with $641,000, or 6¢ a share in the year-ago period.Total revenue fell to $2.5 billion during the quarter […]
Decision driven by the cost of maintaining a smaller fund
Sprott hedge funds remain defensively positioned
CIBC today announced that it has notified the NYSE Alternext US LLC of its intention to voluntarily withdraw the several equity linked notes from listing on NYSE Alternext due to the small number of holders of record of the notes and low secondary trading volume.CIBC expects the delisting to become effective on Nov. 20.CIBC says […]
Loring Ward International Ltd. announced Friday the termination of the pending sale of the company to Werba Reinhard, Inc.Werba Reinhard was to acquire all of the outstanding shares of Loring Ward for US$18 a share in cash.One of the closing conditions of the transaction required that Loring Ward’s AUM/AUA not have declined by more than […]
Units no longer available for purchase
Energy, manufacturing output drops