Canadian Wstn Bank [ (CBWBF) 23.2987 $CBWBF
CWB Announces Strategic Transaction to Refine Its Growth Strategy
Marketwired - Tue Feb 10, 6:01PM CST
Canadian Western Bank Group (TSX: CWB) today announced a refinement to its long-term growth strategy with a definitive agreement to sell its property and casualty insurance subsidiary, Canadian Direct Insurance (CDI), to Intact Financial Corporation (Intact) for $197 million in cash. The purchase price is approximately 2.5 times the net book value of CDI as at October 31, 2014. The transaction is subject to customary closing conditions, including regulatory approvals. The closing date is expected in mid-2015.
CWB.TO: 28.97 (+0.28)
CWB Announces Change to Prime Lending Rate
Marketwired - Wed Jan 28, 5:59PM CST
Canadian Western Bank (TSX: CWB)(TSX: CWB.PR.
today announced that it is decreasing its prime lending rate from 3.00 per cent to 2.85 per cent, effective January 29, 2015.
CWB.TO: 28.97 (+0.28), CWB-PR-B.TO: 25.20 (-0.39)
Petrowest Announces New Credit Facility
CNW Group - Fri Jan 23, 11:50AM CST
Petrowest Corporation (PRW : TMX) announced today that it has entered into a new three-year credit agreement with Bank of Montreal and a syndicate comprised of Royal Bank of Canada, ATB Financial and Canadian Western Bank (the "New Facility"
. The New Facility includes a $50 million revolving reducing term loan (which has been drawn to $38.0 million) and a $40 million revolving credit facility (which has been drawn to $20.0 million). The New Facility also has an accordion feature which may increase availability under either the term loan or the revolving credit facility by a maximum of $30 million, subject to borrowing base availability.
BMO: 63.14 (+0.31), PRW.TO: 0.60 (-0.01)
Canadian Western Bank Donates More Than $350,000 to Big Brothers Big Sisters Agencies Across Western Canada
Marketwired - Thu Dec 18, 5:06PM CST
Canadian Western Bank (CWB) is pleased to make donations totaling $353,700 to Big Brothers Big Sisters (BBBS) agencies across Western Canada thanks to The Greater Interest GIC(R) campaign. Now in its seventh year, the campaign has generated more than $1.6 million in total donations to children's charities in CWB's core markets.
CWB.TO: 28.97 (+0.28)
Ultra HNWIs in Canada 2014
M2 - Tue Dec 16, 9:27AM CST
Research and Markets (http://www.researchandmarkets.com/research/vb2kks/ultra_hnwis_in) has announced the addition of the "Ultra HNWIs in Canada 2014" report to their offering. This report reviews the performance and asset allocations of Ultra HNWIs in Canada, and highlights top-performing cities. It also includes an evaluation of the local wealth management industry. There were 4,303 UHNWIs in Canada in 2013, with an average per capita wealth of US$121.9 million, making them a prime target group for wealth sector professionals. Of this total, there were 32 billionaires, 713 centimillionaires and 3,558 affluent millionaires. UHNWIs accounted for 1.0% of the total Canadian HNWI population in 2013, slightly higher than the global average of 0.7%. The number of Canadian UHNWIs increased by 40.4%during the review period, going from 3,064 in 2009 to 4,303 in 2013. There was a wide range of performance between the different UHNWI wealth bands. While the number of billionaires increased by 6.7%, the number of centimillionaires and affluent millionaires increased by 39.8% and 41.0% respectively. It is expected the number of UHNWIs to increase by 8.9%, to reach 4,781 in 2018. This will include 38billionaires, 797centimillionaires and 3,946 affluent millionaires. Key Topics Covered: 1 Introduction 2 Executive Summary 3 Wealth Sector Fundamentals 4 Findings from the HNWI Database 5 Analysis of Canadian HNWI Investments 6 Competitive Landscape of the Wealth Sector 7 Appendix Companies Mentioned - Alterna Bank - BMO Private Client Group - Bank West - CIBC Private Wealth Management - Canadian Western Bank Wealth Management - Laurentian Bank of Canada Private Banking - National Bank of Canada Wealth Management - RBC Wealth Management - Scotiabank Private Banking - TD Bank Wealth Management For more information visit http://www.researchandmarkets.com/research/vb...a_hnwis_in
High Net Worth Trends in Canada 2014
M2 - Tue Dec 16, 9:27AM CST
Research and Markets (http://www.researchandmarkets.com/research/hcps94/high_net_worth) has announced the addition of the "High Net Worth trends in Canada 2014" report to their offering. This report provides projections of the volume and wealth of Canada HNWIs. This includes demographic trends (2009-2013) and findings of the proprietary Wealth Insight HNWI Database. There were 426,252 HNWIs in Canada in 2013. These HNWIs held US$1.64 trillion in wealth, and wealth per HNWI was US$3,837,882. In 2013, Canadian HNWI numbers rose by 1.0%, following a 1.3% increase in 2012. Growth in HNWI wealth and volumes is expected to improve over the forecast period. The number of Canadian HNWIs is forecast to grow by 8.9% to reach 473,426by 2018, and HNWI wealth is expected to grow by 22.1%, to reach US$2.1 trillion by 2018. Key Topics Covered: 1 Introduction 2 Executive Summary 3 Wealth Sector Fundamentals 4 Findings from the HNWI Database 5 Appendix Companies Mentioned - Alterna Bank - BMO Private Client Group - Bank West - CIBC Private Wealth Management - Canadian Western Bank Wealth Management - Laurentian Bank of Canada Private Banking - National Bank of Canada Wealth Management - RBC Wealth Management - Scotiabank Private Banking - TD Bank Wealth Management For more information visit http://www.researchandmarkets.com/research/hc..._net_worth
HNWI Asset Allocation in Canada 2014
M2 - Tue Dec 16, 9:02AM CST
Research and Markets (http://www.researchandmarkets.com/research/9dnpls/hnwi_asset) has announced the addition of the "HNWI Asset Allocation in Canada 2014" report to their offering. This report provides the latest asset allocations of Canada HNWIs across 13 asset classes. The report also includes projections of the volume, wealth and asset allocations of Canada HNWIs to 2018 and a comprehensive and robust background of the local economy. This report is the result of extensive research covering the high net worth individual (HNWI) population and wealth management market in Canada. The report focuses on HNWI performance between the end of 2008 (the peak before the global financial crisis) and the end of 2013. This enables us to determine how well the country's HNWIs have performed through the crisis. Key Highlights: - In 2013, equities was the largest asset class for Canadian HNWIs with 29.5% of total HNWI assets, followed by business interests with 25.4%, real estate with 20.2%, fixed-income with 11.5%, alternatives with 7.7%, and cash and deposits with 5.8%. - Equities, alternatives and business interests recorded growth at respective review-period rates of 62%, 46% and 44%. - Alternative assets held by Canadian HNWIs increased during the review period, going from 7.6% of total HNWI assets in 2009 to 7.7% in 2013. HNWI allocations to commodities increased from 1.4% of total assets in 2009 to 1.8% in 2013. - Allocations in commodities are expected to decline over the forecast period, reaching 1.3% of total HNWI assets by 2018, as global liquidity tightens from an expected drop in demand from China for raw materials, which will cause global commodity prices to flatten out. - In 2013, Canadian HNWI liquid assets amounted to US$764.9 billion, representing 46.8% of wealth holdings. Key Topics Covered: 1 Introduction 2 Executive Summary 3 Wealth Sector Fundamentals 4 Analysis of Canadian HNWI Investments 5 Appendix Companies Mentioned - Alterna Bank - BMO Private Client Group - Bank West - CIBC Private Wealth Management - Canadian Western Bank Wealth Management - Laurentian Bank of Canada Private Banking - National Bank of Canada Wealth Management - RBC Wealth Management - Scotiabank Private Banking - TD Bank Wealth Management For more information visit http://www.researchandmarkets.com/research/9dnpls/hnwi_asset
Challenges and Opportunities for the Wealth Sector in Canada 2014
M2 - Tue Dec 16, 8:02AM CST
Research and Markets (http://www.researchandmarkets.com/research/65fpdc/challenges_and) has announced the addition of the "Challenges and Opportunities for the Wealth Sector in Canada 2014" report to their offering. At the end of 2013, Canadian HNWIs held 26.5% (US$434 billion) of their wealth outside their home country, in line with the global average of 20-30%. It is expected foreign asset holdings to increase to US$557 billion by 2018, accounting for 26.1% of total HNWI assets. North America accounted for 51.1% of Canadian HNWIs foreign assets in 2013. Europe followed America with 21.2%, the Asia-Pacific followed with 16.5%, Latin America followed with 8.4%, Africa followed with 2.1%, and the Middle East followed with 0.7%. Canadian HNWI allocations to the Asia-Pacific region increased during the review period, going from 9.9% in 2009 to 16.5% in 2013.Latin America and Asia-Pacific were the emerging regions in terms of global investments. HNWIs are further expected to increase their levels of investment in the Asia-Pacific to 20.9% of foreign HNWI assets by 2018, with investments increasingly being diverted to emerging economies. Key Topics Covered: 1 Introduction 2 Executive Summary 3 Wealth Sector Fundamentals 4 Competitive Landscape of the Wealth Sector 5 Appendix Companies Mentioned - Alterna Bank - BMO Private Client Group - Bank West - CIBC Private Wealth Management - Canadian Western Bank Wealth Management - Laurentian Bank of Canada Private Banking - National Bank of Canada Wealth Management - RBC Wealth Management - Scotiabank Private Banking - TD Bank Wealth Management For more information visit http://www.researchandmarkets.com/research/65...lenges_and
Canadian Western Bank Is The Regional Canadian Bank For Your Dividend Growth Portfolio
The Passive Aggressive Investor - at Seeking Alpha - Sun Dec 14, 3:11PM CST
Canadian Western Bank's (CBWBF) CEO Chris Fowler on Q4 2014 Results - Earnings Call Transcript
SA Transcripts - at Seeking Alpha - Thu Dec 04, 4:17PM CST
Canadian Western Bank declares $0.21 dividend
Seeking Alpha - at Seeking Alpha - Thu Dec 04, 6:43AM CST
CWB Reports Record Earnings for the Fourth Quarter and Fiscal 2014
Marketwired - Wed Dec 03, 5:43PM CST
Canadian Western Bank (TSX: CWB) -
CWB.TO: 28.97 (+0.28), CWB-PR-B.TO: 25.20 (-0.39)
Canadian Western Bank Declares Dividends on Common and Preferred Shares
Marketwired - Wed Dec 03, 5:41PM CST
Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly dividend of $0.21 per common share (TSX: CWB), payable on January 8, 2015, to shareholders of record at the close of business on December 16, 2014. This quarterly dividend represents a 5% increase over the previous quarter and is 11% higher than the quarterly dividend declared one year ago. The Board of Directors also declared a cash dividend of $0.275 per CWB Series 5 Preferred Share (TSX: CWB.PR. payable on January 31, 2015 to shareholders of record on January 23, 2015.
CWB.TO: 28.97 (+0.28), CWB-PR-B.TO: 25.20 (-0.39)
CWB Announces $375,000 Investment in Junior Achievement Program Across Western Canada
Marketwired - Fri Nov 07, 7:03AM CST
Canadian Western Bank (CWB) is pleased to announce its continued partnership with Junior Achievement chapters across Western Canada with a $375,000 contribution over the next three years. CWB is renewing its support of Economics for Success, a grade nine or high school program that helps students understand the financial demands of independence and explores the resources needed to support their lifelong educational and career journey. Employees at CWB will also continue to volunteer in classrooms across British Columbia, Alberta, Saskatchewan and Manitoba.
CWB.TO: 28.97 (+0.28)
CWB Announces Strategic Transaction to Refine Its Growth Strategy
Marketwired - Tue Feb 10, 6:01PM CST
Canadian Western Bank Group (TSX: CWB) today announced a refinement to its long-term growth strategy with a definitive agreement to sell its property and casualty insurance subsidiary, Canadian Direct Insurance (CDI), to Intact Financial Corporation (Intact) for $197 million in cash. The purchase price is approximately 2.5 times the net book value of CDI as at October 31, 2014. The transaction is subject to customary closing conditions, including regulatory approvals. The closing date is expected in mid-2015.
CWB.TO: 28.97 (+0.28)
CWB Announces Change to Prime Lending Rate
Marketwired - Wed Jan 28, 5:59PM CST
Canadian Western Bank (TSX: CWB)(TSX: CWB.PR.
today announced that it is decreasing its prime lending rate from 3.00 per cent to 2.85 per cent, effective January 29, 2015. CWB.TO: 28.97 (+0.28), CWB-PR-B.TO: 25.20 (-0.39)
Petrowest Announces New Credit Facility
CNW Group - Fri Jan 23, 11:50AM CST
Petrowest Corporation (PRW : TMX) announced today that it has entered into a new three-year credit agreement with Bank of Montreal and a syndicate comprised of Royal Bank of Canada, ATB Financial and Canadian Western Bank (the "New Facility"
. The New Facility includes a $50 million revolving reducing term loan (which has been drawn to $38.0 million) and a $40 million revolving credit facility (which has been drawn to $20.0 million). The New Facility also has an accordion feature which may increase availability under either the term loan or the revolving credit facility by a maximum of $30 million, subject to borrowing base availability. BMO: 63.14 (+0.31), PRW.TO: 0.60 (-0.01)
Canadian Western Bank Donates More Than $350,000 to Big Brothers Big Sisters Agencies Across Western Canada
Marketwired - Thu Dec 18, 5:06PM CST
Canadian Western Bank (CWB) is pleased to make donations totaling $353,700 to Big Brothers Big Sisters (BBBS) agencies across Western Canada thanks to The Greater Interest GIC(R) campaign. Now in its seventh year, the campaign has generated more than $1.6 million in total donations to children's charities in CWB's core markets.
CWB.TO: 28.97 (+0.28)
Ultra HNWIs in Canada 2014
M2 - Tue Dec 16, 9:27AM CST
Research and Markets (http://www.researchandmarkets.com/research/vb2kks/ultra_hnwis_in) has announced the addition of the "Ultra HNWIs in Canada 2014" report to their offering. This report reviews the performance and asset allocations of Ultra HNWIs in Canada, and highlights top-performing cities. It also includes an evaluation of the local wealth management industry. There were 4,303 UHNWIs in Canada in 2013, with an average per capita wealth of US$121.9 million, making them a prime target group for wealth sector professionals. Of this total, there were 32 billionaires, 713 centimillionaires and 3,558 affluent millionaires. UHNWIs accounted for 1.0% of the total Canadian HNWI population in 2013, slightly higher than the global average of 0.7%. The number of Canadian UHNWIs increased by 40.4%during the review period, going from 3,064 in 2009 to 4,303 in 2013. There was a wide range of performance between the different UHNWI wealth bands. While the number of billionaires increased by 6.7%, the number of centimillionaires and affluent millionaires increased by 39.8% and 41.0% respectively. It is expected the number of UHNWIs to increase by 8.9%, to reach 4,781 in 2018. This will include 38billionaires, 797centimillionaires and 3,946 affluent millionaires. Key Topics Covered: 1 Introduction 2 Executive Summary 3 Wealth Sector Fundamentals 4 Findings from the HNWI Database 5 Analysis of Canadian HNWI Investments 6 Competitive Landscape of the Wealth Sector 7 Appendix Companies Mentioned - Alterna Bank - BMO Private Client Group - Bank West - CIBC Private Wealth Management - Canadian Western Bank Wealth Management - Laurentian Bank of Canada Private Banking - National Bank of Canada Wealth Management - RBC Wealth Management - Scotiabank Private Banking - TD Bank Wealth Management For more information visit http://www.researchandmarkets.com/research/vb...a_hnwis_in
High Net Worth Trends in Canada 2014
M2 - Tue Dec 16, 9:27AM CST
Research and Markets (http://www.researchandmarkets.com/research/hcps94/high_net_worth) has announced the addition of the "High Net Worth trends in Canada 2014" report to their offering. This report provides projections of the volume and wealth of Canada HNWIs. This includes demographic trends (2009-2013) and findings of the proprietary Wealth Insight HNWI Database. There were 426,252 HNWIs in Canada in 2013. These HNWIs held US$1.64 trillion in wealth, and wealth per HNWI was US$3,837,882. In 2013, Canadian HNWI numbers rose by 1.0%, following a 1.3% increase in 2012. Growth in HNWI wealth and volumes is expected to improve over the forecast period. The number of Canadian HNWIs is forecast to grow by 8.9% to reach 473,426by 2018, and HNWI wealth is expected to grow by 22.1%, to reach US$2.1 trillion by 2018. Key Topics Covered: 1 Introduction 2 Executive Summary 3 Wealth Sector Fundamentals 4 Findings from the HNWI Database 5 Appendix Companies Mentioned - Alterna Bank - BMO Private Client Group - Bank West - CIBC Private Wealth Management - Canadian Western Bank Wealth Management - Laurentian Bank of Canada Private Banking - National Bank of Canada Wealth Management - RBC Wealth Management - Scotiabank Private Banking - TD Bank Wealth Management For more information visit http://www.researchandmarkets.com/research/hc..._net_worth
HNWI Asset Allocation in Canada 2014
M2 - Tue Dec 16, 9:02AM CST
Research and Markets (http://www.researchandmarkets.com/research/9dnpls/hnwi_asset) has announced the addition of the "HNWI Asset Allocation in Canada 2014" report to their offering. This report provides the latest asset allocations of Canada HNWIs across 13 asset classes. The report also includes projections of the volume, wealth and asset allocations of Canada HNWIs to 2018 and a comprehensive and robust background of the local economy. This report is the result of extensive research covering the high net worth individual (HNWI) population and wealth management market in Canada. The report focuses on HNWI performance between the end of 2008 (the peak before the global financial crisis) and the end of 2013. This enables us to determine how well the country's HNWIs have performed through the crisis. Key Highlights: - In 2013, equities was the largest asset class for Canadian HNWIs with 29.5% of total HNWI assets, followed by business interests with 25.4%, real estate with 20.2%, fixed-income with 11.5%, alternatives with 7.7%, and cash and deposits with 5.8%. - Equities, alternatives and business interests recorded growth at respective review-period rates of 62%, 46% and 44%. - Alternative assets held by Canadian HNWIs increased during the review period, going from 7.6% of total HNWI assets in 2009 to 7.7% in 2013. HNWI allocations to commodities increased from 1.4% of total assets in 2009 to 1.8% in 2013. - Allocations in commodities are expected to decline over the forecast period, reaching 1.3% of total HNWI assets by 2018, as global liquidity tightens from an expected drop in demand from China for raw materials, which will cause global commodity prices to flatten out. - In 2013, Canadian HNWI liquid assets amounted to US$764.9 billion, representing 46.8% of wealth holdings. Key Topics Covered: 1 Introduction 2 Executive Summary 3 Wealth Sector Fundamentals 4 Analysis of Canadian HNWI Investments 5 Appendix Companies Mentioned - Alterna Bank - BMO Private Client Group - Bank West - CIBC Private Wealth Management - Canadian Western Bank Wealth Management - Laurentian Bank of Canada Private Banking - National Bank of Canada Wealth Management - RBC Wealth Management - Scotiabank Private Banking - TD Bank Wealth Management For more information visit http://www.researchandmarkets.com/research/9dnpls/hnwi_asset
Challenges and Opportunities for the Wealth Sector in Canada 2014
M2 - Tue Dec 16, 8:02AM CST
Research and Markets (http://www.researchandmarkets.com/research/65fpdc/challenges_and) has announced the addition of the "Challenges and Opportunities for the Wealth Sector in Canada 2014" report to their offering. At the end of 2013, Canadian HNWIs held 26.5% (US$434 billion) of their wealth outside their home country, in line with the global average of 20-30%. It is expected foreign asset holdings to increase to US$557 billion by 2018, accounting for 26.1% of total HNWI assets. North America accounted for 51.1% of Canadian HNWIs foreign assets in 2013. Europe followed America with 21.2%, the Asia-Pacific followed with 16.5%, Latin America followed with 8.4%, Africa followed with 2.1%, and the Middle East followed with 0.7%. Canadian HNWI allocations to the Asia-Pacific region increased during the review period, going from 9.9% in 2009 to 16.5% in 2013.Latin America and Asia-Pacific were the emerging regions in terms of global investments. HNWIs are further expected to increase their levels of investment in the Asia-Pacific to 20.9% of foreign HNWI assets by 2018, with investments increasingly being diverted to emerging economies. Key Topics Covered: 1 Introduction 2 Executive Summary 3 Wealth Sector Fundamentals 4 Competitive Landscape of the Wealth Sector 5 Appendix Companies Mentioned - Alterna Bank - BMO Private Client Group - Bank West - CIBC Private Wealth Management - Canadian Western Bank Wealth Management - Laurentian Bank of Canada Private Banking - National Bank of Canada Wealth Management - RBC Wealth Management - Scotiabank Private Banking - TD Bank Wealth Management For more information visit http://www.researchandmarkets.com/research/65...lenges_and
Canadian Western Bank Is The Regional Canadian Bank For Your Dividend Growth Portfolio
The Passive Aggressive Investor - at Seeking Alpha - Sun Dec 14, 3:11PM CST
Canadian Western Bank's (CBWBF) CEO Chris Fowler on Q4 2014 Results - Earnings Call Transcript
SA Transcripts - at Seeking Alpha - Thu Dec 04, 4:17PM CST
Canadian Western Bank declares $0.21 dividend
Seeking Alpha - at Seeking Alpha - Thu Dec 04, 6:43AM CST
CWB Reports Record Earnings for the Fourth Quarter and Fiscal 2014
Marketwired - Wed Dec 03, 5:43PM CST
Canadian Western Bank (TSX: CWB) -
CWB.TO: 28.97 (+0.28), CWB-PR-B.TO: 25.20 (-0.39)
Canadian Western Bank Declares Dividends on Common and Preferred Shares
Marketwired - Wed Dec 03, 5:41PM CST
Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly dividend of $0.21 per common share (TSX: CWB), payable on January 8, 2015, to shareholders of record at the close of business on December 16, 2014. This quarterly dividend represents a 5% increase over the previous quarter and is 11% higher than the quarterly dividend declared one year ago. The Board of Directors also declared a cash dividend of $0.275 per CWB Series 5 Preferred Share (TSX: CWB.PR.
payable on January 31, 2015 to shareholders of record on January 23, 2015. CWB.TO: 28.97 (+0.28), CWB-PR-B.TO: 25.20 (-0.39)
CWB Announces $375,000 Investment in Junior Achievement Program Across Western Canada
Marketwired - Fri Nov 07, 7:03AM CST
Canadian Western Bank (CWB) is pleased to announce its continued partnership with Junior Achievement chapters across Western Canada with a $375,000 contribution over the next three years. CWB is renewing its support of Economics for Success, a grade nine or high school program that helps students understand the financial demands of independence and explores the resources needed to support their lifelong educational and career journey. Employees at CWB will also continue to volunteer in classrooms across British Columbia, Alberta, Saskatchewan and Manitoba.
CWB.TO: 28.97 (+0.28)
