Industry

Government to tighten belt: CIBC

Government spending will decline 0.9% in 2013 to 2014—a 0.2 percentage point drag on real GDP growth, finds CIBC. “Our analysis points to yet another drop in real expenditures, with no major offset from planned tax reductions,” says Avery Shenfeld, chief economist at CIBC. Read: Canada’s GDP will grow by 2.6%: RBC He adds although […]

By Staff |August 28, 2012

2 min read

Hedge funds’ assets climb to $2.3 trillion: study

Single-manager hedge funds withstood market swings and regulatory reforms in the first half of 2012, with reported assets under management rising by 5.23% to $1.892 trillion. Total fund assets rose to 2.3 trillion.

By Wire services |August 28, 2012

2 min read

Scotiabank earnings soar 57% in Q3

Scotiabank profits grew by 57% in the Q3 2012, as its divisions boosted performance and benefited from the sale of the bank’s Toronto headquarters.

By Staff |August 28, 2012

1 min read

BMO reports 37% earnings increase

BMO Financial Group has released strong Q3 2012 results. Its net income rose by 37% to $970 Million, or $1.42 per share.

By Staff |August 28, 2012

2 min read