Industry

Laurentian Bank net income flat in Q3

Laurentian Bank of Canada’s net income was virtually flat in the third quarter compared with last year at $54.9 million, as the company recorded acquisition-related costs and other expense increases that offset 5% higher revenue. The Montreal-based company’s net income per share amounted to $1.23, which was down from $1.48 per share or $54.8 million […]

By Staff, with files from The Canadian Press |September 4, 2018

1 min read

Trump’s explosive NAFTA comments detonate in Washington

With a Friday deadline looming, Foreign Affairs Minister Chrystia Freeland is donning her best poker face as U.S. President Donald Trump’s blunt assessment of the NAFTA talks—spoken in confidence but leaked to the media—lands with a thud on the negotiating table. Trump, in a conversation Thursday with Bloomberg News, gave a dismissive off-the-record assessment of […]

August 31, 2018

4 min read

Horizons changes risk ratings for some ETFs

Horizons ETFs Management (Canada) Inc. has changed the risk ratings for some of its ETFs. The investment objectives or strategies of the ETFs have not changed, the firm said in a release. The changes are effective immediately. ETFs with new risk ratings Horizons Canadian Midstream Oil & Gas Index ETF (from medium high to medium) Horizons […]

By Staff |August 31, 2018

1 min read

FAIR Canada favours banning embedded commissions to meet best interest standards

The Canadian Foundation for the Advancement of Investor Rights (FAIR Canada) is asking the CSA how firms will follow conflict of interest requirements and still meet best interest standards given compensation methods such as embedded commissions. In an open letter to the CSA, FAIR Canada says the best way to implement a best interest standard […]

By Staff |August 31, 2018

2 min read