Industry

U.S. banks cut bonuses to beef up bottom line

Wall Street banks are fast learning that one way to protect, and indeed fatten, the bottom line in an environment not conducive to business growth is deny their senior management the annual bonus windfall. Goldman Sachs did just that in the fourth quarter, and lifted its profits to $2.8bn, their highest level in three years, […]

By Staff |January 17, 2013

1 min read

Investment in non-residential construction rises

Investment in non-residential building construction amounted to $12.0 billion in the fourth quarter, up 1.0% from the previous quarter, reports Statistics Canada. This was the third consecutive quarterly increase, led by higher spending for commercial and industrial buildings. Read: Best bets in Canadian real estate The largest increases occurred in Quebec and British Columbia. The […]

By Wire services |January 17, 2013

1 min read

Sun Life launches funds

Sun Life Global Investments today launched four new income funds and one new equity value fund.

By Staff |January 17, 2013

1 min read

Towers Watson predicts moderate growth for Canada

Canada’s top economists, strategists, and portfolio managers predict modest growth for Canada, continuing below-trend interest rates, modest inflation and average equity market returns over the next few years, according to Towers Watson’s annual survey of economic expectations. Read: Canada vulnerable to global risks The study finds growth expectations for Canada are muted in the near […]

By Staff |January 17, 2013

1 min read