Industry News

Week in review: December 8-12, 2008

Welcome to the weekly roundup of news affecting you, as covered by Advisor.ca and our sister publication, Conseiller.ca. Read this section every week to catch up on the news you missed, or click here and subscribe to get regular updates sent to your inbox or BlackBerry. Skip to: Quick links, stories this week. Or click […]

By Kate McCaffery |December 12, 2008

5 min read

BCE deal kaput

The BCE takeover bid is officially toast. The purchasing group, led by the Ontario Teachers’ Pension Plan, released a statement early this morning acknowledging that it “terminated the agreement in accordance with its terms.” The deal fell through after accounting firm KPMG ruled two weeks ago that BCE wouldn’t pass a solvency test, a key […]

By Staff |December 11, 2008

1 min read

Briefly:

(December 11, 2008) Usually when the holidays approach, retailers count on an increase in consumer spending. But in a downturn like this, it’s a different story. According to the TNS Canadian Facts’ Consumer Confidence Index, the latest measure stands at 83 compared with 95.6 in November. To put this into perspective, the index reached 105.7 […]

By Staff |December 11, 2008

2 min read

Sunk by an iceberg? Sextant hits back at OSC allegations

Sextant Capital Management says it will “vigorously defend” allegations made by the Ontario Securities Commission on Wednesday that it has “illegally” inflated returns on its Sextant Strategic Opportunities Hedge Fund derived from ownership rights of glaciers. With reported returns in excess of 158% year-to-date, the fund has raised a lot of eyebrows, considering we’re in […]

By Mark Noble |December 11, 2008

3 min read