Industry

“Puppet trustees” get another chance

The practice of sheltering income from Canada’s tax man by setting up what amount to nominal trustees in a tax haven like Barbados was dealt a severe blow in a recent court case. But the Supreme Court of Canada has decided to hear the case anew, a decision that may breathe new life into a […]

By Dean DiSpalatro |July 6, 2011

3 min read

AGF shuffles Harmony managers

AGF Investments has announced the addition of seven investment management teams to its Harmony program. AGF Investments North American Equity Team, C.S. McKee, and Eagle Boston Investment Management have been added to the Harmony U.S. Equity Pool, replacing Goldman Sachs Asset Management, Rainier Investment Management, and Turner Investment Partners. INTECH Investment Management and Systematic Financial […]

By Staff |July 6, 2011

1 min read

IPO market defies odds

Braving a string of economic uncertainties from Europe, the U.S. and Japan, the Canadian market for initial public offerings continues to flourish, according to the quarterly PwC survey of activity on Canadian equity exchanges. IPO activity in Canada picked up speed in the second quarter of 2011, but could have returned a better figure were […]

By Vikram Barhat |July 6, 2011

2 min read

Desjardins Financial Security names new COO

Desjardins Financial Security has announced the appointment of Denis Berthiaume to the position of chief operating officer. He succeeds Richard Fortier in this role, following Fortier’s announced retirement. “Under Mr. Fortier’s leadership, DFS has become a key player in the life and health insurance industry, not only in Québec, but also across Canada, where our […]

By Staff |July 5, 2011

1 min read