Industry News

ABCP decision a mixed blessing for investors

Monday night’s decision by the Ontario Court of Appeals allowing the asset-backed commercial paper restructuring plan to proceed was a mixed blessing for investors. The deal, hammered out by the Pan-Canadian Investors Committee, allows retail investors who bought less than $1 million of ACBP to get all their money back, while institutions and individuals who […]

By Bryan Borzykowski |August 19, 2008

4 min read

Briefly:

(August 18, 2008) The U.S. housing market, already bearing the brunt of the economic slowdown, has yet to hit bottom, according to a report from Scotia Economics. While there are sporadic reports of increasing sales activity in some regions, and the pace of the decline seems to have slowed, the market could take another hit […]

By Staff |August 18, 2008

2 min read

By The Book:

(August 18, 2008) The Investment Industry Regulatory Association of Canada has issued notice of a hearing in Vancouver into the actions of Yuan Jun Fan, at the time a registered representative with the Vancouver Park Place Branch of RBC Dominion Securities. The respondent allegedly engaged in an off-book securities transaction with a client (G.L.) that […]

By Staff |August 18, 2008

1 min read

On The Shelf: Fidelity replaces Goudie on key funds

(August 18, 2008) Fidelity Investments Canada has announced changes to the management of a handful of global and international fund portfolios. Cesar Hernandez will assume lead portfolio manager responsibilities on the Fidelity International Disciplined Equity Fund and Fidelity Overseas Fund, succeeding Chris Goudie. At the same time, Hernandez and his team will take over the […]

By Staff |August 18, 2008

2 min read