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Online News Archive

Editor: Leslee Mason email Leslee

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May-June 2011

CFOs reveal their top concerns in new report

June 28, 2011 -- There's no shortage of pressures facing today's top finance professionals, according to a new Robert Half report, CFO Concerns: What Are the Top Challenges Facing Today's Financial Executives? The report highlights a number of issues impacting the role, namely controlling costs and improving profitability, maintaining staff morale and motivation, and managing growth.


TD Bank survey reveals U.S. small biz owners remain hopeful

June 27, 2011 -- Despite a few lingering economic concerns and a slower than expected recovery from the recession, a majority of small business owners anticipate higher revenues and more hiring in the months ahead, according to a new survey from TD Bank, America's Most Convenient Bank®.


TD pledges support for new Hope Centre at Lions Gate Hospital

June 27, 2011 -- TD has pledged $250,000 towards the Lions Gate Hospital Foundation's campaign to build a new centre for mental health and addictions, which includes the expansion of the UBC Medical School and funds to support TD Grants in Medical Excellence to further the education of health-care workers at Lions Gate Hospital. The announcement was made today at the TD Canada Trust branch at 14 th  and Lonsdale in North Vancouver.


Desjardin renews major sponsorship of the Grands Prix Cyclistes

June 23, 2011 -- Desjardins Group, a major sponsor of cycling in Québec, is proud to participate for the second consecutive year in the presentation of the Grand Prix Cycliste de Québec and the Grand Prix Cycliste de Montréal. These two exceptional trials, which are part of the UCI WorldTour, are set to take place on September 9 and 11 of this year.


Bank of Canada unveils polymer bank note series

June 20, 2011 -- OTTAWA -- The Bank of Canada unveiled a new polymer bank note series today at its head office in Ottawa. Information on the polymer material and advanced new security features was released, along with the images and designs of the soon-to-be-issued $100 and $50 bank notes, and the themes for the remaining notes in the series.

Minister of Finance Jim Flaherty and RCMP Commissioner William J. S. Elliott joined Bank of Canada  Governor Mark Carney for the unveiling ceremony.


Equifax Canada unveils new business credit report

June 17, 2011 -- As the owner of Canada's largest commercial risk database, Equifax has raised the industry standard for innovation by launching a powerful information solution. The new Equifax Business Credit Report (TM) provides a comprehensive view of the credit history and payment performance of small firms and large businesses – a valuable tool for managing risk and acquiring profitable customers. With its user-friendly format, Canadian lenders and providers of commercial credit can quickly identify potential risky accounts, better assess the financial profile of applicants and make more informed credit decisions.


RBC named title sponsor of the RBC Heritage in Hilton Head

June 16, 2011 -- RBC today announced that it will become title sponsor of the RBC Heritage in Hilton Head, South Carolina, signing a five-year golf sponsorship through to 2016.

An iconic event on the PGA TOUR since 1969, the tournament, to be named the RBC Heritage, is one of the players' favourite stops and boasts one of the most challenging and precise tests of golf on tour. Past champions have included such golfing greats as Arnold Palmer, Jack Nicklaus, Greg Norman, Tom Watson, and Team RBC ambassador Jim Furyk.


CIBC Mellon surpasses $1 trillion in assets under administration

June 16, 2011 -- CIBC Mellon has surpassed $1 trillion in assets under administration (AUA), demonstrating the company's leading position in the Canadian asset and investment servicing industry.

"Achieving this milestone clearly illustrates our clients' recognition of the superior service and product solutions they receive by partnering with CIBC Mellon," said Tom Monahan, president and chief executive officer, CIBC Mellon. "While institutions across the globe remained challenged by economic headwinds, we are proud to have experienced marked growth in our AUA and our client base. We look forward to continuing to provide our clients with the best asset and investment servicing experience in Canada."


Canadians' economic outlook dims slightly, still brighter than U.S.

June 13, 2011 --Canadian consumers remain more confident than their American counterparts according to the latest results of the Harris/Decima-Investors Group Consumer Confidence Index.  In the latest wave of the quarterly survey, Canadian consumer confidence index stood at 83.7, down slightly from 86.2 in February, but still well ahead of the US, where the index stood at 74.3.

Canadians remain more likely to see good times financially for themselves a year from now than bad. In total, 25% believe they will be better off financially a year from now. Conversely, 15% feel they will be worse off a year from now. In February, this split was 31%-13%.


TD Auto Finance brand emerges from the former Chrysler Financial

June 11, 2011 --TD Bank Group today announced the launch of TD Auto Finance, its new auto lending brand, at an employee event in Farmington Hills to celebrate the lender's new name, new logo and a new beginning.

TD Bank Group (TD) closed the purchase of Chrysler Financial in April of this year, combining its existing auto lending business with Chrysler Financial under a new North American auto lending brand -- TD Auto Finance. TD Auto Finance provides a robust array of automotive financing options to meet its customers' needs as well as the needs of its dealer partners.


RBC Capital Markets appoints Doug Moore head of Asia

June 7, 2011 -- RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada, today announced key management appointments for its operations in Asia.

Doug Moore has been appointed to the newly created position of head of RBC Capital Markets, Asia. Moore's appointment illustrates RBC's continued growth in the region, and follows RBC Capital Markets' announcement in November 2010 of a new trading floor in Hong Kong, doubling its capacity.


Canadian CFOs say cash will flow, revenues will grow

May 26, 2011--As Canada emerges from the economic downturn in growth mode, Canadian finance executives are taking a more aggressive stance when it comes to increasing top-line revenue and seizing investment opportunities the latest American Express/CFO Research Global Business & Spending Monitor reveals. With many companies sitting on large cash surpluses, companies report that they will deploy more resources toward developing new products and services, building new production capacity, and adding headcount in sales - a sharp contrast to the positions of their U.S. counterparts.


New market data solution provides issuers with extensive information, valuable insight

May 3, 2011 ---TMX Group Inc. and QuoteMedia, Inc. announced the launch of TSX InfoSuiteTM, a new market data and shareholder solution powered by QuoteMedia, Inc., introduced to enhance the suite of services for Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) listed companies.

Standard & Poor's names Robert Palombi office head for Toronto June 10, 2011

Financial investigative firm offers new e-discovery platform June 1, 2011



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