TORONTO, ONTARIO -- (Marketwire) -- 01/27/12 -- As the February 29th deadline
to contribute to a Registered Retirement Savings Plan (RRSP) approaches, BMO
Financial Group advises Canadians to take a step back and determine if their
investing strategies are appropriate for their age and/or anticipated life
events such as marriage, the purchase of a home or retirement.
"For Canadians to get the most from their money, their investments must be
properly aligned with their current life stage," said Serge Pepin, Head of
Investments, BMO Investments Inc. "In today's volatile market, it's
especially important not to lose sight of individual needs and to recognize
the importance of a comprehensive, well-considered financial plan. More than
90 per cent of Canadians who have a plan believe it has played an important
role in helping them achieve their financial goals."
BMO Fina... (more)
MONTREAL, QUEBEC -- (Marketwire) -- 01/27/12 -- National Bank of Canada
(TSX:NA) - This press release provides unaudited financial information
prepared in accordance with Canadian generally accepted accounting principles
(Canadian GAAP) and with International Financial Reporting Standards (IFRS)
for fiscal 2011. It is available on the SEDAR website at www.sedar.com and on
the Bank's website at www.nbc.ca. A financial information supplement entitled
"Supplementary Financial Information - IFRS Transition" is also available at
www.nbc.ca. All amounts are in Canadian dollars.
Highli... (more)
“Hedge funds have made massive mistakes. We are less and less willing to
invest with these people because at the point when you need them the most,
they’re worth the least.”
-George Feiger, chief executive officer of Contango Capital Advisors, wealth
management arm of Zions Bancorporation. Feiger manages $3.3 billion at
Contango and Western National Trust Co.
In 2008, the hedge-fund industry had ~$2 trillion under management. But as
Economist’s Buttonwood points out, that year was an annus horribilis for
the hedge-funds. “The average performance was a loss of 23%. In cash terms
t... (more)
NEW YORK, Jan. 25, 2012 /PRNewswire/ -- UNX LLC (www.unx.com), a leading
provider of innovative trading technology solutions, and Capital
Institutional Services, Inc. (CAPIS) announce the immediate availability of
institutional brokerage solutions from CAPIS via UNX's global, broker-neutral
Catalyst trading platform.
The brokerage is now a distributor of the Catalyst Execution Management
System (EMS) as well as a destination in UNX's broker connectivity network,
allowing institutional traders to access CAPIS services and route orders
directly to them via the Catalyst front en... (more)
The key financial metrics under IFRS compared to CGAAP for the 2011 financial
year are as follows:
Return on equity of 20.3%, compared to 18.8% under CGAAP
Diluted earnings per share of $4.57, compared to $4.62 under CGAAP
Net income of $5,330 million, compared to $5,268 million under CGAAP
Productivity ratio(1) of 53.9%, compared to 54.4% under CGAAP
(1) Refer below for a discussion of non-IFRS measures.
TORONTO, Jan. 24, 2012 /PRNewswire/ - Scotiabank has adopted the
International Financial Reporting Standards (IFRS) issued by the
International Accounting Standards Board effective No... (more)