Industry News

Chasing dirty money

If a scruffy guy named Anthony staggered into your office, plunked a duffel bag full of Bessies on your desk, and demanded: “I want life insurance,” you’d quietly excuse yourself and go looking for the manager. Unfortunately, today’s white-collar criminals aren’t so easy to spot. To ensure terrorists, smugglers, drug traffickers, or other criminals don’t […]

By Kanupriya Vashisht |September 1, 2008

6 min read

Briefly:

(August 29, 2008) The U.S. election is just a couple of months away and both sides are girding for battle. Both claim to have the true interests of Americans at heart, but which party might be better for Canadian investors? Judging by historical returns on the Toronto stock market, the Democrats are clearly the better […]

By Staff |August 29, 2008

2 min read

Oil production threatened by Hurricane Gustav: Rubin

Just when it was becoming cheaper for Canadians to fill up their cars, comes word from one CIBC economist that Hurricane Gustav will push gas prices up to $1.75 a litre. Jeff Rubin, CIBC’s chief economist, says the storm, which is bearing down on the oil-rig-littered Gulf of Mexico, could force production to shut down […]

By Bryan Borzykowski |August 29, 2008

3 min read

End may be in sight for credit crunch

This week’s earnings reports from Canada’s biggest banks may have been marked by double-digit profit erosion and hundreds of millions of dollars in fresh writedowns, but they may also be a sign that the worst of the credit crunch is behind us. “Probably all of these numbers are better than were feared,” says Chris Lowe, […]

By Steven Lamb |August 29, 2008

3 min read