There are rumours of restructuring jostling at YLO: Yellow Media’s creditors want to take over the troubled phone directory company in a bid to salvage their investments. The company’s senior-ranking bondholders organized a call last …
Search Results for: performance
April 3, 2012
The David Berry saga continues to drag on: A hearing was originally scheduled before a Hearing Panel of the Investment Industry Regulatory Organization of Canada (IIROC), in the matter of David Berry for April 10 …
April 2, 2012
OSFI has announced: The Superintendent of Financial Institutions, Julie Dickson, will deliver remarks on the topic of boards and risk governance at the Toronto Board of Trade on Thursday, April 5th. The Superintendent will address …
MAPF Portfolio Composition: March, 2012
Turnover remained steady in March, at about 21%. Most of the trading involved shuffling in between DeemedRetractibles, with an overall movement from the lower-coupon GWO issues to their higher-coupon counterparts, GWO.PR.L and GWO.PR.P. Additionally, trading …
March 30, 2012
Sino-Forest is for sale! Who wants to buy … er … something? Sino-Forest Corp., the embattled timber firm facing fraud allegations is filing for court protection from creditors as it tries to find a buyer …
EMA.PR.A: S&P Assigns Outlook Negative
Standard & Poor’s has announced: We are revising our outlook on Emera Inc. to negative from stable At the same time, we are affirming our ratings, including our ‘BBB+’ long-term corporate credit rating, on the …
March 29, 2012
The Canada budget today continued to reward paperwork and subsidize marginal industry. Canadian Finance MinisterJim Flaherty is aiming to boost flagging job growth and investment with C$3 billion ($3 billion) over two years for research …
March 28, 2012
Boyd Erman’s piece in the Globe today, Risk factors weaken attraction of Ontario’s bonds (in the print edition, the headline was “Budget-challenged Ontario pays the price with its bonds) does a disservice to those investors …
March 27, 2012
US house prices continue to drop: Home prices in 20 U.S. cities dropped at a slower pace in January, pointing to stabilization in the real estate market. The S&P/Case-Shiller index (SPX) of property values in …
March 26, 2012
Here’s a cheerful prediction from Italy: Italy’s Prime Minister Mario Monti warned that Spain could reignite the European debt crisis as euro-area ministers this week prepare a deal to strengthen the region’s financial firewall. Monti …