Take Stock – October 22

Newshounds already get their headlines from CNN, while business junkies learn the latest from BNN. Now, Canadians can get ready for CBC NN.

CBC newsworld rebrands news channel as CBC NN

Newshounds already get their headlines from CNN, while business junkies learn the latest from BNN. Now, Canadians can get ready for CBC NN.

As of Monday, CBC Newsworld will be rebranded CBC News Network, and feature a revamped schedule, new onscreen graphics and new personalities to go along with a new look and name. Richard Stursberg, the broadcaster’s head of English services, says it’s all part of a massive news overhaul meant to modernize and integrate coverage, with changes also in store for CBC-TV’s flagship news show “The National.” “It was partly to make it a little bit clearer to people,” Stursberg said of Newsworld’s new name. “(Newsworld) has been around for a long time, over 20 years, and still people were unclear as to what the nature of the offering was.”


Pension plans show improved returns in Q3

Canadian pensions continued to see growth from their investment holdings in the third quarter, although the improvement was more subdued than in the April-June period, according to RBC Dexia Investor Services. At Sept. 30, pensions tracked by the advisory firm had collectively earned 7.2 per cent for the third quarter and 14.3 per cent for the nine months beginning Jan. 1, RBC Dexia said Wednesday. In comparison, Canadian pension plan assets grew by 9.5 per cent in the April-June quarter, according to RBC Dexia’s previous survey. In the third quarter, Canadian stocks grew 10.6 per cent while in the second quarter they were up 20 per cent in their best three-month showing since 1999. “Advances were fairly broad, but the top heavy weightings in financials, energy and the materials sectors accounted for more than two thirds of the increase so far this year,” said Don McDougall, director of advisory services for RBC Dexia.

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