Formerly a symbol of prestige, high-fee hedge funds are contending with low-cost competition
Canadian investors added $8.6 billion of foreign securities to their holdings in September after a far smaller amount in August.
Global shares fall as Japan slips into recession... OECD warns that global growth needs to increase... Pfizer bid for AstraZeneca looking unlikely after new deal... Apple agrees important Chinese payment deal...
Manufacturing sales rose 2.1 per cent in September to $53 billion, the eighth gain in nine months and following a 3.5 per cent decline in August.
A unanimous ruling in the Supreme Court will require Canadian businesses to act with a new sense of honesty.
Canadian resource firms are to be penalized if they do not help to resolve local disputes in foreign countries in which they operate.
Experts are predicting that there will be a softening of the economy in Calgary and throughout Alberta next year and for a few years after.
The steep drop in oil prices is set to continue according to the International Energy Agency.
Chinese stocks lower on weak growth; Europe data optimistic... IEA predicts further decline in oil prices... Virgin America IPO launches on the Nasdaq... Starbucks deal in the EU may be illegal... Walmart fights back against .coms by price-matching...
The TSX has ended lower this evening after energy stocks declined with the price of oil plunging to US$74.39 a barrel for Brent crude in New York while West Canada Select ended at $59.83 although it has at times been lower in the past year.
The low price of oil and the squeeze it places on the finances of Canada’s energy companies may provide a perfect opportunity for pension funds to make long term investments in the industry.