IGM Financial Inc. is one of Canada's premier personal financial services companies, and one of the country's largest managers and distributors of mutual funds and other managed asset products, over $115 billion in total assets under management.
03/08/12IGM Financial Q2 profit down as stock market jitters affect investors
04/05/12IGM Financial Q1 profit, revenues decline
05/08/10IGM Financial`s Assets Under Management Hits $115.7 billion
Recent Sector News
Prices for copper on the London Metal Exchange rose to US$7533.75 a metric tonne Wednesday, a bump of 2.2 per cent, to reach a six week high in the wake of Freeport's Grasberg mine disaster on the back of apparent concerns of constrained supplies.
Canada's biggest banks seen reporting results that do little to alleviate concerns for long-term growth, says Stonecap Securities
Stonecap Securities analyst Brad Smith offered his views of the Canadian financial services sector on Wednesday ahead of the start of the reporting season for the nation's biggest banks later this week, amid an outlook of continued uncertainty.
Howard Simons of Bianco Research famously illustrated the odds against such an event – postulated as being in the order of 20 trillion to one – as having “a lower probability of occurrence than randomly selecting a [particular] $1 bill out of pile of singles representing the U.S. national debt.”
Gold prices on the Comex continued to slide Friday, with the yellow metal trading down for the seventh consecutive session, the commodity’s most protracted series of losses since early 2009. The most active market, gold for June delivery, dropped as low as $1357.60 per ounce in intraday trading, from an open of $1385.20, shedding almost two per cent.
The World Gold Council says in its most recent report that a global spike in gold jewelry buying over the first three months of the year was insufficient to compensate for sizable net outflows from gold exchange traded funds in the same period.
A stronger dollar has sent the price of gold crashing, as the yellow metal sheds more than $30 per ounce in morning trade Wednesday to hit a three week low.
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