Industry News

Dividend stocks draw attention

Looking to maximize your client’s yield? The best place to look may be in high quality dividend paying equities, a study by CIBC Capital Markets suggests. Low-risk bonds and GICs are currently paying negligible interest. As a result there has been a huge upswing in investors moving capital cash instruments and putting it to work […]

By Mark Noble |December 8, 2009

6 min read

Portus case crawls toward resolution

Investors in Portus Alternative Asset Management will recover up to 95% of their investment in the failed hedge fund company, following an Ontario court decision released Monday. Justice Colin Campbell of the Ontario Superior Court of Justice has ordered a fourth payment to investors of 3.14 cents per dollar invested in the fund. Three previous […]

By Staff |December 8, 2009

3 min read

Briefly:

The Bank of Canada will maintain its target overnight rate at 0.25%, with the trend-setting bank rate remaining at 0.5%, the bank announced on Tuesday, Dec. 8. “While significant fragilities remain, global economic developments have been slightly more positive and the global outlook has improved modestly relative to the bank’s projection in its October monetary […]

By Staff |December 8, 2009

3 min read

PEAK buys Promutuel’s advisor business

There’s a big change in the Quebec advisor market, with PEAK Financial Group purchasing the investment and insurance distribution business of Promutuel Capital Financial Services Firm Inc. PEAK, a growing independent mutual fund and insurance dealer will further expand its size by 30%, acquiring $1.5 billion in assets from Promutuel’s mutual fund and life and […]

By Mark Noble |December 8, 2009

2 min read