Unitholders have approved proposals to wind up Mulvihill Pro-AMS 100 Plus (CDN$) Trust and Mulvihill Pro-AMS 100 Plus (US$) Trust.Both trusts will be wound up on September 26, prior to their scheduled December 30 termination date.On September 26, the assets of the each trust will be liquidated and the proceeds of the sale of the […]
Study finds lack of understanding of Canada’s public retirement income programs
ING Direct is offering its clients free software designed to protect against online fraud. The company says it it is the first Canadian bank to offer Trusteer Rapport.The software download is being launched today alongside a new security guarantee, which guarantees ING Direct clients will be reimbursed of any money lost in an ING Direct […]
U.S. wholesale inventories climb
New fund co-managed by Oliver and Horvat
Bank of Nova Scotia today announced that it has completed the domestic offering of 12 million, non-cumulative five-year rate reset preferred shares Series 22 at a price of $25 per share. The gross proceeds of the offering were $300 million.The offering was made through a syndicate of investment dealers led by Scotia Capital Inc. The […]
Manulife Financial’s Canadian Individual Wealth Management Operations, which serves Manulife Investments and Manulife Securities International businesses, has been recognized for outstanding achievements in quality.The National Quality Institute (NQI) will present the 2008 Canada Awards for Excellence Silver recognition for Quality to Manulife at an annual gala dinner to be held October 20, in Toronto.“We are […]
CI in talks to sell Blackmont: report
Toronto stocks tumbled again on Monday after early enthusiasm over the U.S. mortgage bailout plan fizzled and concerns over demand for commodities dragged resource shares lower.The S&P/TSX composite index closed down 181.59 points, or 1.42%, at 12,634.83. Eight of the 10 main TSX groups closed in negative territory.The heavyweight energy and materials sectors led the […]