Time to rethink investment in Hudson’s Bay
HBC stock jumped more than 8% Tuesday on news that CEO Richard Baker has secured $1.25 billion in new financing for Saks using its Fifth Avenue department store as collateral. With a value of $3.7 billion for its Fifth Avenue location alone, value investors ought to be chomping at the bit.
Most read: Clerk accused of profiting from patient records
If you think industry players are the only ones getting done for unregistered trading, think again, with the OSC going after a hospital clerk in a bizarre case.
Why women leave… their financial advisors, that is
A new report suggests women are understandably miffed with advisors who commit these five cardinal sins.
How to remain grounded in an industry filled with greed
Who better to discuss avoiding the excesses of a very lucrative profession than the co-founder and former CEO of Portus?
ETFs held within mutual funds makes absolutely no sense
Yves Rebetez is managing director of ETF Insights, Canada’s leading publication covering the ETF industry. On the weekend Rebetez had a guest column in the Financial Post highlighting the reasons ETFs held within mutual funds make no sense.
The best mutual fund you can’t buy in Canada
WPs allotted a great deal of time the past couple of weeks discussing mutual funds and ETFs. As part of this coverage we thought we’d look at a unique mutual fund that’s been in business for almost 80 years. There’s only one problem? You can’t buy it in Canada.
Do you make your clients feel special?
Providing clients with personal concierge-type service, the kind you find at top-level hotels like the Four Seasons and Ritz Carlton, can go a long way to making your clients feel like more than a number.
The ax falls at another major bank
Fast on the heels of 1,500 job cuts at Scotiabank, Canada’s largest bank announces it’s following suit.
Also read: Ontario’s mutual fund industry contributes big time to the economy
At least that’s the finding of the Conference Board of Canada whose latest report suggests the industry is still a very important cog in Ontario’s wheel.
Friday’s look back
Not the busiest week when it came to business news, WPs come up with a few examples of stories worth a second look.