Industry News

Citi provides fund services to Portland Investment Counsel

Citi will provide fund services to Portland Investment Counsel’s investment funds.

By Staff |January 14, 2013

1 min read

Low margins worry U.S. banks

The profit margins for U.S. banks have become wafer thin as the spread between their borrowing and lending rates has shrunk to the levels once seen in the 1950s. With the Federal Reserve’s keeping the interest rate at a historic low, banks are struggling to stay profitable, says a report in the Financial Times. Wells […]

By Staff |January 14, 2013

1 min read

Plan out your retirement: CIBC

Though confident they’ll be able to fund their retirements, many Canadians neglect proper planning.

By Staff |January 14, 2013

2 min read

U.S. lumber prices rise

U.S. lumber prices are rising, thanks to an increase in home building. Futures contracts for the resource for a March delivery are $380 per 1,000 board ft, after nearing $400 in late December, reports ft.com. This is the highest since mid-2005, before the housing downturn. Read more. For Canada, an increase in U.S. home building […]

By Wire services |January 14, 2013

1 min read