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Tag Archives: Financial

Strong connections help INFOR Financial land key advisory assignments

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Here’s the news: INFOR Financial, a recently formed Canadian-based boutique advisory firm was named as the financial adviser to a group of investors which have just made a minority investment in Duff & Phelps Corporation. The New York-based Duff & Phelps defines itself as “the premier global valuation and corporate …

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Three Financial Post journalists and National Post nominated for investment reporting awards

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The National Post and three of its journalists have been nominated for investing reporting awards by the Chartered Financial Analyst Society Toronto. The National Post is up for Publication of the Year, competing against Canadian Business and MoneySense Magazine. Financial Post reporters Drew Hasselback and Barbara Shecter are both up …

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Manulife Financial Corp faces more challenges ahead

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The collapse in oil prices has already taken a toll on Manulife Financial Corp., but one analyst is warning that more pain may be coming and analysts’ fourth-quarter earnings estimates don’t appear achievable. Gabriel Dechaine at Canaccord Genuity noted that Manulife recorded zero investment gains in 2015, compared to its …

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Manulife Financial Corp profit slides 62% as energy investments take a hit: ‘A disappointing year’

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TORONTO — Energy exposure hit the bottom line of Manulife Financial Corp. in the fourth quarter, causing the shares to slide by as much as 12 per cent in Thursday trading despite a nine per cent hike in the dividend. Quarterly net earnings missed analyst estimates and included a $361 …

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Equipment financer Element Financial Corp to split into two companies

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TORONTO — Element Financial Corp. is splitting itself in two, a move executives say will help it boost the value of its core fleet-management business while meeting investor demands for an expanded family of funds. When the separation is complete, Element shareholders will own stakes in two separate publicly traded …

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The OSC and CI Financial: Turning an $8M payment into a $156M settlement

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Did the Ontario Securities Commission overplay its hand when it told the world that it had garnered “the largest amount of investor compensation to date in an OSC no-contest”? Last week the OSC said it has reached a “no-contest settlement with CI Investments Inc.,” noting the “settlement involves approximately $156.1 …

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There will be another financial crisis. The only question is when?

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Financial bubbles are inevitable and their pathologies virtually identical. The only variable is timing. This is why financial crises appear so obvious in hindsight yet remain frustratingly difficult to predict. A few years ago, the hedge fund Winton Capital produced a handsome and richly-illustrated book called The Pit and the …

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Royal Bank of Canada, Sun Life Financial Inc grow cautious on commercial loans as slumping economy raises risk of default

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Canada’s largest commercial-mortgage lenders, including Sun Life Financial Inc. and Royal Bank of Canada, are turning more cautious as the commodities slump stunts economic growth and raises the risk of default. “We’re concerned about the stage in the real-estate cycle Canada’s in right now — there’s more risk in the …

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