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 […]
Companies must think outside the box to recruit, retain talent: Ernst & Young
DFS poll shows one in two Canadians afraid of outliving savings
Unit expected to contribute $60 million to TD Bank’s Q4 earnings
Resource stocks post solid Q3 earnings
Credit Suisse Group reported a net loss of 1.26 billion Swiss francs (US$1.08 billion) for the third quarter, as it forecast earlier this month, compared with net income of CHF 1.3 billion in the third quarter of 2007.Core net revenues were CHF 3.1 billion, down 48% from the third quarter of 2007. Private banking, which […]
Composite leading index dips 0.2% in September
Securities firm reduces salaries, cuts support staff