By Reuters Staff
(Corrects first paragraph to attribute allegation of mismanagement and misappropriation to the regulator)
TORONTO, May 12 (Reuters) - Ontario Securities Commission on Wednesday extended the suspension of trading in securities held in lender Bridging Finance Inc.’s funds after the regulator said last month that it had uncovered evidence of mismanagement and misappropriation of investment funds by BFI and certain members of its senior management team.
The Ontario Securities Commission, which on April 30 ordered all trading in the securities cease for 15 days, extended that timeframe to Aug. 12. Some of these securities are traded on online fund distribution network Fundserv.
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TORONTO, Jan 11 (Reuters) - Canadian bank heads on Monday forecast a rosier growth outlook for this and next year, driven by pent-up consumer demand, continued residential mortgage growth and ongoing government stimulus to help offset the impact of the coronavirus pandemic.
Canada’s biggest banks ended fiscal 2020 with better than expected earnings, while warning of an uneven economic recovery and a slower housing market. But they struck a somewhat more optimistic note at the RBC Capital Markets Canadian bank CEO conference.
“We’re definitely feeling good about things,” said Dave McKay, chief executive of Royal Bank of Canada, the country’s largest lender.