The Investment Dealers Association reports that client borrowing was more or less unchanged from January to February.
Outstanding debt in client margin accounts finished January at $6.94 billion. Today, the IDA reports that margin debt was virtually unchanged at $6.84 billion at the end of February.
This was down from about $8.1 billion in the same month a year ago. And, down from $10.4 billion in February 2001. The peak was $11.9 billion in September 2000.
Witherington will be moving from head of Asia to running the whole company
The insurer is off-loading lower-return assets
The acquisition also marks the launch of Canaccord’s Ottawa office
Net assets rose to $675.1 billion in the quarter
S&P 500 will fall to 4,100, Canada will also see a recession, Peter Berezin forecasts
RBC still requires the credential in retail branches, FSRA provides date for forthcoming title protection review
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Rep arranged a loan from one client to another to repay a "gang" debt