Here are the top reads on deals and financial services over the last 24 hours,
FINANCIAL SERVICES NEWS
Inside the Bondfield investigation: Hundreds of thousands in cash flowed to account, records reveal: It happened over and over again: cash deposits flowing into a bank account linked to Bondfield Construction Co. Ltd., one of Ontario’s largest builders of public-sector projects.
Ontario prices $500-million seven-year green bond, finance ministry says: Ontario, one of the world’s largest subsovereign debtors, priced on Wednesday a $500 million (US$377-million) 7-year green bond, the finance ministry said, with strong demand helping the province to borrow at a better rate than for its regular bonds. (Reuters)
Manulife boosting dividend 12 per cent on higher profits in fourth-quarter and full year: Manulife Financial Corp. is boosting its quarterly dividend 12 per cent after it capped a stronger 2019 with net earnings more than doubling in the fourth quarter. (The Canadian Press)
SoftBank’s profit wiped out by losses at $100-billion Vision Fund: Quarterly profit at Softbank Group Corp was almost wiped out as the Japanese technology giant was hit for a second straight quarter by losses at its $100 billion Vision Fund. (Reuters)
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