Industry

IGM, GMP report Q2 earnings and AUM

IGM Financial Inc. finished the second quarter with record-high assets under management, posting net earnings of $203.7 million. The firm reported net earnings per share of $0.85, up from $0.83 in the second quarter of 2017. Overall net earnings were up 1.4% from the same quarter in 2017. Read: Great-West Lifeco reports Q2 earnings “IGM […]

By Staff |August 3, 2018

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CIBC refunding 1.4 million customers for credit card fees

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By The Canadian Press |August 3, 2018

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CI Financial reports AUM growth for July

CI Financial reported preliminary assets under management as of July 31 at $138.6 billion, a 0.3% gain from the previous month and up 15.3% from a year ago. The firm’s total assets of $182.8 billion were up $22.5 billion, or 14%, for the 12-month period, and increased 0.5% through the month of July, a release […]

By Staff |August 3, 2018

1 min read

DB plans improve in Q2, while Caisse posts 3.3% return over six months

Canadian defined benefit pension plans returned 2.2% in the second quarter of 2018, an increase from the 0.2% reported in Q1, RBC Investor & Treasury Services said Thursday. After losses of 3.9% in the first quarter, Canadian equities were driven by a strong energy sector to a 6.8% return in Q2, RBC said, while global […]

By Staff, with files from The Canadian Press |August 2, 2018

2 min read