Industry News

Beware the group RESP

A Toronto couple was dealing with the death of their one-year-old daughter when they were hit with yet more shocking news; the group RESP they’d invested in for her would only refund 10% of their money.

By Staff |August 22, 2012

1 min read

Drought oppresses Canadian and U.S. farmers

BMO Financial Group has launched a financial relief program to assist its customers affected by the drought in North America. Both record heat and lack of rain has been unforgiving in the American Midwest this summer, leading to the worst drought seen in 56 years. As of July 31, nearly two-thirds of the continental U.S. […]

By Staff |August 22, 2012

1 min read

SEC whistleblower awarded $50,000

The whistleblower who recently reported a multi-million dollar fraud will receive nearly $50,000—the first payout from a new SEC program that rewards people for providing evidence of fraud.

By Staff |August 22, 2012

2 min read

Investors capitalize on S&P rally

The benchmark S&P 500 index reached its highest level in more than four years yesterday, reports Financial Times. It hit 1,426.68, its highest intraday rise since 2008. The jump surprised investors, as trading volume is traditionally light during the summer, and very few sessions have seen major moves this month. The rise was driven by […]

By Wire services |August 22, 2012

1 min read