Industry News

Credential deal on its way, Crawford says

Following Canaccord Capital’s lead, Credential Securities is expected to offer a similar asset-backed commercial paper settlement to affected retail investors, according to the chair of the Pan-Canadian Investors Committee, Purdy Crawford. “We are reasonably optimistic it will be announced in the next few days,” Crawford told investors on conference call on Monday. Last week, Canaccord […]

By Mark Noble |April 14, 2008

2 min read

Briefly:

(April 8, 2008) Many in the financial industry are applauding the Autorité des marchés financiers’ Thursday afternoon approval of the TSX/MX merger. Ian Russell, president and CEO of the Investments Industry Association of Canada, says the new group will be able to take advantage of “superior” trading and clearing technology and the market data that […]

By Staff |April 11, 2008

3 min read

Small business owners ignore recession-proofing: Study

Economic optimism among Canada’s small business owners has led to a widespread lack of contingency planning, a new Harris/Decima report commissioned by BMO Bank of Montreal concludes. The survey found more than three-quarters (77%) of 777 Canadian small business owners with $5 million in revenues or less describe the Canadian economy as good, while a […]

By Mark Noble |April 11, 2008

5 min read

Briefly:

(April 10, 2008) The Autorité des marchés financiers has approved TSX Group’s takeover of the Montréal Exchange. “Following our analysis of the Montréal Exchange applications and discussions with TSX Group, we are satisfied with the undertakings we have been given and the expected benefits from the combination,” said AMF president and CEO Jean St-Gelais. St-Gelais […]

By Staff |April 10, 2008

4 min read