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Stock Market & Financial Investment News

News Breaks
January 8, 2013
07:58 EDTTD, RY, NTIOF, BNS, CM, BMORBC Capital to host a conference
Canadian Bank CEO Conference is being held in Toronto on January 8.
News For RY;BMO;BNS;TD;CM;NTIOF From The Last 14 Days
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April 15, 2014
16:24 EDTBNSScotiabank announces retirement of COO Sabi Marwah
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14:34 EDTRYRoyal Bank of Canada to spin proprietary-trading unit into fund, WSJ says
The Royal Bank of Canada plans to spin off its Global Arbitrage and Trading arm into a stand-alone hedge fund in which the bank will likely be an investor, but not an owner, according to The Wall Street Journal, citing people familiar with the matter. The move, prompted by the Volcker rule, may be made as soon as the end of this year, the report added. Reference Link
14:17 EDTRYRBC to spin off proprietary-trading arm in response to Volcker rule, DJ says
Royal Bank of Canada will likely invest in the spun-off hedge fund but not be an owner, according to Dow Jones, citing a source.
08:31 EDTTDCGI Group extends pact with TD Bank for investment funds platform
CGI (GIB) announces an extension to an existing agreement with TD Bank (TD) that will allow CGI to continue processing TD's mutual fund transactions under a managed services model until as late as 2026.
07:28 EDTRYSEC officials weighing curbs on trading fees, WSJ says
SEC officials, including some commissioners, are considering a trial program to curb "maker-taker" fee plans that are a major source of revenue for exchanges and some high-frequency trading firms, according to The Wall Street Journal. Fund managers, including BlackRock (BLK), are concerned about the negative effects of maker-taker, the report added. IntercontinentalExchange (ICE) CEO Jeffrey Sprecher, along with representatives from T. Rowe Price (TROW) and from RBC Capital (RY), recently held a series of private meetings with SEC Chairman Mary Jo White to push for its elimination, according to the report, citing people familiar with the matter. Like IntercontinentalExchange, which owns the New York Stock Exchange, Nasdaq (NDAQ) is a publicly-traded exchange operator. Reference Link
April 10, 2014
07:55 EDTRYGoldman joined by RBC in suing clients after Singapore crash, Bloomberg says
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April 9, 2014
07:07 EDTBNSGulfport Energy sees Q1 production averaged 27,100 BOEPD ex-items
Gulfport (GPOR) currently estimates that Q1 production averaged approximately 27,100 barrels of oil equivalent per day, which excludes approximately 900 BOEPD during Q1 attributable to the previously announced acquisition of Rhino Resources (RNO) interests in the Utica Shale. The production mix for Q1 was approximately 48% oil and natural gas liquids and 52% natural gas. Proforma of the Rhino transaction, Gulfport estimates that Q1 production averaged approximately 28K BOEPD. In the Canadian Oil Sands, Grizzly Oil Sands, in which Gulfport owns a 24.9% interest, achieved first bitumen production at its first SAGD facility at Algar Lake during Q1. Grizzly currently has seven of the ten well pairs on full steam circulation and expects to have all ten well pairs on full circulation in the coming month. During March, Algar Lake production averaged approximately 30 barrels of bitumen per day. Grizzly continues to see the production ramp as expected during steam circulation. Grizzly's Windell rail transloading facility at Conklin, Alberta commenced operations during Q1 and the first load of dilbit from Algar Lake was hauled by truck to the Windell terminal for sales to the U.S. Gulf Coast market. In connection with the spring redetermination of Gulfport's revolving credit facility, the Bank of Nova Scotia (BNS) has provided a commitment letter that increases Gulfport's borrowing base from $150M-$275M, subject to the approval of the additional banks within the syndicate.

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