Industry

Investors capitalize on S&P rally

The benchmark S&P 500 index reached its highest level in more than four years yesterday, reports Financial Times. It hit 1,426.68, its highest intraday rise since 2008. The jump surprised investors, as trading volume is traditionally light during the summer, and very few sessions have seen major moves this month. The rise was driven by […]

By Wire services |August 22, 2012

1 min read

IIROC releases guidance on trade cancellation

Yesterday, IIROC issued its final guidance on how it plans to intervene and ensure fair trading by cancelling erroneous trades. This follows the release of a notice requesting comments on its proposed regulatory guidance. Find a copy of the comment letter in response to the proposed guidance here. Read: IIROC steps up market surveillance In […]

By Staff |August 21, 2012

2 min read

Entrepreneurs should invest in innovation: Paradis

The Honourable Christian Paradis, minister of industry and minister of state, has emphasized jobs, growth and long-term prosperity as key government priorities During an address to the Alberta Enterprise Group, he said, “Our government has worked to strengthen Canada’s business climate, making it one of the most attractive in the world. Our world is becoming […]

By Staff |August 21, 2012

1 min read

ABCP settlement fund distribution delayed

The OSC and IIROC have extended the deadline for the submission of forms in connection with the distribution of settlement funds to eligible investors who purchased third-party Asset-Backed Commercial Paper. The original deadline for submission was June 30, 2012. The OSC and IIROC have extended this deadline to October 26, 2012, in order to ensure […]

By Staff |August 21, 2012

1 min read