Industry News

Briefly:

(August 10, 2007) Slumping markets may have monopolized the headlines over the past two weeks, but there was some good news Friday morning: the American consumer report appears to be recovering from a two-month slide. According to the RBC CASH (consumer attitudes and spending by household) Index, American sentiment improved from a reading of 76.1 […]

By Staff |August 10, 2007

2 min read

Central banks try to soothe markets

With stock markets in turmoil for a second week in a row, central banks around the world were forced to inject billions of dollars into their respective banking systems. In the past 48 hours, about $323 billion worldwide has been pumped into the markets — the Bank of Canada put in more than $1.68 billion […]

By Bryan Borzykowski |August 10, 2007

3 min read

Briefly:

(August 9, 2007) Deutsche Bank has named David Fry as the new managing director and head of global markets for Canada, responsible for all debt products in the country. Fry comes to the Toronto office of the German banking giant from the London office of Dutch bank ABN Amro, where he served as executive director […]

By Staff |August 9, 2007

1 min read

French funds add fuel to sub-prime fire

Just when you thought the markets were looking up, along comes another financial bombshell that has sent global stock markets spinning lower. On Thursday BNP Paribas, a large French bank, announced that it could no longer calculate the net asset values of three asset-backed securities funds. The news hit North America just before the opening […]

By Bryan Borzykowski |August 9, 2007

3 min read