Manulife dealers set to cash in on big payday

Article Abstract:

Manulife Financial Corp has successfully launched its C$2.49-billion initial public offering at $18 per share. The company will pay a total of C$74.7 million in underwriting fees to about two dozen dealers, based on the commission of 54 cents for each of the 138.3 million Manulife shares sold by the dealers in Canada, the US and in the international markets. The top five dealers were ScotiaMcLeod, Merrill Lynch, CreditSuisse First Boston, RBC Dominion Securities and Nesbitt Burns.

Life Insurance, Direct Life Insurance Carriers, Securities issued, listed, Manulife Financial Corp.

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'Positive news' helps boost dollar to 74.88c

Article Abstract:

The Canadian dollar saw its value rise by 67 cents on July 2, 2003. The Canadian dollar was helped by several good news such as Vancouver's successful Olympic bid and by Australia's decision to keep current interest rates. The dollar settled at US74.88 cents.

Financial management, Other General Government Support, Coinage & Currency, Finance, Money, Company financing, Dollar (Canada)

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BMO profit hit by investment banking slump

Article Abstract:

The reasons behind 16% decline in Bank of Montreal's second quarter 2005 profits are examined.

Commercial Banks, Sales, profits & dividends, Banking industry, Company sales and earnings, Company earnings/profit, Bank of Montreal

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