Canada’s biggest pension-fund manager will “significantly” cut its C$64 billion ($62.3 billion) allocation to bonds as the fixed-income market’s foothold among its most loyal base of investors grows less certain.
Michael Wilson, a former Canadian finance minister and ambassador to the U.S., said Bank of Canada Governor Mark Carney faces a “big, big management challenge” when he assumes leadership of the Bank of England in July.
Great stars and great plays don’t always align on Broadway. So there’s good reason to make your way to the Stephen Sondheim Theater, where Cicely Tyson is finally getting the showcase she deserves in Horton Foote’s elegiac “The Trip to Bountiful.”
Testimony by a Bank of America Corp. employee in a New Jersey personal bankruptcy case may give more ammunition to homeowners and investors in their legal battles over defaulted mortgages , Bloomberg News’ Prashant Gopal and Jody Shenn report.
Barclays Capital, the investment- banking arm of Barclays Plc, named former Canadian ambassador to the U.S. Michael Wilson and ex-RBC Capital Markets Deputy Chairman Bruce Rothney to run its Canadian operations.