Industry News

Market merger:

Citing a need to be bigger in a more globally competitive market, TSX Group and the Montreal Exchange have agreed to consolidate their operations to form TMX Group. TSX Group will pay roughly $1.3 billion for the MX, offering half a common share of TSX Group and $13.95 in cash for each MX share. Officials […]

By Mark Noble |December 10, 2007

5 min read

Briefly:

(December 10, 2007) On Monday, Forrester Research revealed which bank website is the best. And the winner is CIBC. Over the past two years, the research company has been evaluating the websites of Canada’s seven largest banks. This year, in a separate study, it also ranked the top five U.S. banks. CIBC’s client website has […]

By Staff |December 10, 2007

2 min read

Briefly:

(December 7, 2007) A new vice-chair has been appointed to Manulife Financial’s board. Gail C.A. Cook-Bennett took over the post on Tuesday. No stranger to Manulife, Cook-Bennett has been a director since 1978. Her new role will see her assist Arthur Sawchuk, the board’s chair, in managing the board. She was also appointed vice-chair of […]

By Staff |December 7, 2007

2 min read

Securities industry tumbles in Q3: IIAC

Everyone knew it was coming, but now it’s official — earnings and revenue growth for the securities industry was down significantly in Q3. The Investment Industry Association of Canada published its third quarter results on the securities industry’s performance and found that a number of revenue lines saw double-digit percentage losses. Overall, the industry was […]

By Bryan Borzykowski |December 7, 2007

3 min read