Industry

Falling mortgage profits hurt U.S. banks

U.S. banks are feeling the pinch as mortgage profits get eroded by rising cost of funding mortgages and a narrowing of the spread between revenue from bond investors and what the banks charge borrowers. Although mortgage rates rose 11 basis points to 3.53% recently, it has done little to boost lenders’ profits, reports FT.com. Banks […]

By Staff |February 1, 2013

1 min read

Scotia iTRADE ranked #1 online broker

Scotia iTRADE has again ranked first on Surviscor's Online Discount Brokerage scorCard.

By Staff |February 1, 2013

1 min read

Fiera Capital buys UBS’s fixed income business

Fiera Capital Corporation has closed its most recent acquisition.

By Staff |February 1, 2013

1 min read

Manufacturing index signals January growth

The RBC Canadian Manufacturing Purchasing Managers' Index revealed marginal increases in both output and new orders in January.

By Staff |February 1, 2013

1 min read