Industry

Fund from IBV Capital available to retail investors

The IBV Capital Global Value Canadian Feeder Fund is now available on RBC’s retail investment platform, the firm announced Wednesday. Aligning with the firm’s focus, the fund holds a concentrated portfolio of investments in opportunities that provide potential to safely grow capital, an IBV release said. Also read: Investing during tough times for trade Spring […]

By Staff |August 1, 2018

1 min read

Wells Fargo to pay US$2.1 billion for role in housing bubble

Wells Fargo agreed Wednesday to pay a US$2.1-billion fine to settle allegations it misrepresented the types of mortgages it sold to investors during the housing bubble and subsequent financial crisis. (All figures are in U.S. dollars.) The amount is relatively smaller than the fines paid by Bank of America, Citigroup, Goldman Sachs and other big […]

By Ken Sweet, The Associated Press |August 1, 2018

2 min read

CSA moves ahead with study on trading fees and rebates

The Canadian Securities Administrators (CSA) has awarded a research contract to develop a pilot study examining the impacts of trading fees and rebates on order routing behaviour by dealers, as well as on execution and market quality. The following researchers will design and conduct the pilot study: Read: CSA’s embedded commissions paper focuses on unique […]

By Staff |August 1, 2018

2 min read

Progress stalls for women in Canadian C-suites

None of Canada’s TSX 60 companies were headed by a woman, and two-thirds did not include a single woman among top earners during their latest fiscal year, reveals a Canadian Press analysis of corporate Canada’s highest ranks. Read: How boards are faring under regulator’s diversity imperative Despite pressure to improve gender equality in Canadian workplaces—and […]

By Armina Ligaya and Tara Deschamps, The Canadian Press |July 31, 2018

6 min read