Saying no to cryptocurrency was a glorious moment for Canada’s investment advisers

Saying no to cryptocurrency was a glorious moment for Canada’s investment advisers

Making the right call in investing sometimes requires you to look excruciatingly wrong for a while. The investment advisers who declined to board the cryptocurrency hype train understand this well. Bitcoin and other cryptocurrencies took off in 2020 and didn’t peak until roughly 12 months ago. Anti-crypto advisers and money managers must have hated those … Read more

BMO scoops up chunk of CI’s global asset management team

BMO scoops up chunk of CI’s global asset management team

For BMO, the 13 new hires are the latest additions to the already more than 50 investment professionals that the bank’s asset-management division has hired in recent months.Chris Wattie/Reuters Bank of Montreal’s BMO-T asset-management business has scooped up more than a dozen portfolio managers and equity analysts from CI Financial Corp., CIX-T as the bank … Read more

Imperial Oil, ExxonMobil Canada sell Alberta energy assets for $1.7-billion

Imperial Oil, ExxonMobil Canada sell Alberta energy assets for .7-billion

Imperial Oil Ltd. IMO-T and ExxonMobil Canada XOM-N are parting ways with significant shale oil and gas assets they co-own in northwest Alberta’s Montney and Duvernay plays, selling them to Calgary-based Whitecap Resources Inc. WCP-T for $1.7-billion. Whitecap announced the acquisition of XTO Energy Canada Tuesday evening. In an investor call Wednesday, executives said the … Read more

How the crypto crash exposed the sector’s lies – and left retail investors in the lurch

How the crypto crash exposed the sector’s lies – and left retail investors in the lurch

The logo of Crypto.com at a stand during the Bitcoin Conference 2022 in Miami Beach, Fla., on April 6.MARCO BELLO/Reuters The best sales pitches are built around stellar stories, and the crypto sector concocted one for the ages: Buy bitcoin or any other digital asset, investors were told, or risk missing out on the future … Read more