Industry News

Crocus case edges toward payment

For the first time since the Crocus Investment Fund ceased trading more than three years ago, unitholders have reason to hope they might receive a portion of their investment back. The out-of-court settlements reached last week with four defendants for nearly $9 million in the fund’s class action lawsuit — bringing the settlement total to […]

By Renée Alexander |March 6, 2008

3 min read

By The Book: BCSC, MSC investigate Gold-Quest

(March 5, 2008) Securities regulators in Manitoba and British Columbia are investigating an offshore company that has been promising investors annual returns of 87.5%, as well as commissions for bringing in new investors. Gold-Quest International offered to trade in the foreign exchange markets on investors’ behalf, with a cost of entry as low as $500 […]

By Staff |March 5, 2008

1 min read

Briefly:

(March 5, 2008) Calgary-based Alliance Trust Company has received the Government charter and letters patent to operate as a non-deposit-taking, specialty trust company in Alberta. “We are excited to enter this very limited market of service providers in the field of stock transfer agency and corporate trust services,” says Zinat H. Damji, founder, president and […]

By Staff |March 5, 2008

2 min read

Energy’s run isn’t over: Rubin

Despite Canada’s proximity to the economically troubled USA, there’s no need for Canucks to take a “defensive posture” when it comes to investing, says Jeff Rubin a chief economist at CIBC World Markets. “There is more than sufficient momentum in both energy and materials stocks to warrant stock market exposure in the here and now,” […]

By Bryan Borzykowski |March 5, 2008

3 min read