Industry News

Further reassurances offered on commercial paper

Canadian financial institutions continue to reassure the public that their investments are stable and safe, as another firm announced it would buy back potentially illiquid asset-backed commercial paper from its money market funds. Industrial Alliance is the latest firm to assume the risk associated with these investments, promising to pay 100% of their purchase price […]

By Steven Lamb |August 22, 2007

2 min read

Banks go online to secure

The over-45 crowd may be where the money is right now, but Canada’s banking industry is turning its focus to recruiting customers while they are still in school to establish their brand and create lifelong clientele for their products. The country’s two largest banks have determined that one of the key mediums through which to […]

By Mark Noble |August 22, 2007

4 min read

Briefly:

(August 21, 2007) It had to happen — a Canadian bank is now on Facebook, the popular social networking website. Declaring itself to be the “first Canadian financial institution” to engage students through such a site, TD Canada Trust has opened the TD Money Lounge. “Many students spend a lot of time in online social […]

By Staff |August 21, 2007

4 min read

Alts capitalize on volatile market

There’s not a whole lot to cheer about in the markets lately, unless, perhaps, you’re in alternative investments. Market corrections and volatility are the proving grounds for many alternative investment funds to demonstrate why investors need to be wary about maintaining portfolios heavily dependent on the positive performance of equities. Phil Schmitt, chairman of the […]

By Mark Noble |August 21, 2007

4 min read