Slump in consumer spending is pushing the U.S. into recession
Majority continue to build plans that will offer growth and expansion
Fuel, food and shelter prices rise
The UK economy slumped in the third quarter amid the global financial crisis, becoming the latest developed nation to experience an economic contraction.The Office for National Statistics said today that the economy contracted a far-bigger-than-expected 0.5% in the third quarter, compared with zero growth in the second quarter. It is the first time the economy […]
Oil rises on expectation of OPEC production cut
Most funds had negative returns
Royal Bank of Canada today announced a domestic public offering of $200 million of Non-Cumulative, 5 year rate reset Preferred Shares Series AL.The bank will issue eight million Preferred Shares Series AL priced at $25 per share and holders will be entitled to receive non-cumulative quarterly fixed dividend for the initial period ending Feb. 24, […]
A hearing panel of the Investment Industry Regulatory Organization of Canada has fined BMO Nesbitt Burns Inc. $300,000 for using improper sales literature.On Oct. 10, a hearing panel of IIROC accepted a settlement agreement between IIROC staff and the brokerage firm.Nesbitt Burns admitted that:> from March 2003 to May 2005, it participated in the production […]
For the second year in a row, corporate research and development (R&D) spending fell among Canada’s top corporate R&D spenders, from $10.6 billion in fiscal 2006 to $10.3 billion in fiscal 2007.This represents a drop of 3% according to Canada’s Top 100 Corporate R&D Spenders List 2008, released today by Research Infosource Inc. In fiscal […]