The buyout significantly increases the bank’s scale in the Canadian online investment market
The Winnipeg-based brokerage will now make acquisitions of its own after receiving $35.8 million from National Bank Financial for its purchase of 12.5% of Wellington West
The move is part of National Bank Financial’s strategy to invest in wealth-management across Canada
Deal volume increases, but value declines as “mega-deals” disappear
Value of transactions forecast to rise
Companies coming to terms with changes to royalty regime
But Transamerica Life Canada is pulling back on that business to focus on manufacturing life insurance and annuity products
Strong loonie and credit easing make for good buying opportunities
Firm picks up advisors in three provinces
Seven deals greater than $1 billion