Client suitability was one of the central issues in the class action by hundreds of investors against an Investia subsidiary
Chi-X Canada ATS Ltd., a Toronto-based alternative trading system (ATS), will launch its CX2 Canada ATS (CX2) platform on May 3. The new ATS, the second offered by Chi-X for the Canadian market, will handle all securities listed on both the Toronto Stock Exchange and the TSX Venture Exchange. However, only certain securities will be […]
Montreal-based Fiera Capital Corp. has completed its acquisition of Toronto-based UBS Global Asset Management (Canada) Inc.’s Canadian fixed-income, equity and domestic balanced account businesses. Fiera paid $52 million in the transaction, which represents the acquisition of roughly $8 billion in assets under management. (fcollie@investmentexecutive.com). © 2013 Investment Executive. All rights reserved.
Bullion Management Group Inc. (BMG) has become the first precious-metals firm to join the Social Investment Organization (SIO). (Both are based in Toronto.) The SIO is a national association for the socially responsible investment industry in Canada. BMG manages three mutual funds through its subsidiary, Bullion Management Services Inc., and has more than $603 million […]
Jovian Capital Corp. has acquired Leon Frazer and Associates Inc. through its subsidiary, Jovian Asset Management Inc. (All firms are based in Toronto.) The transaction was completed through the purchase of all outstanding voting shares of Leon Frazer, representing roughly 16% of all shares, for approximately $3.5 million. Jovian first purchased a controlling interest in […]
LeBlanc named vice president, corporate actuarial
Conville given six-month suspension
An end to the confusion is near, says FPSC’s List
CETFA and IFIC say regulators need to do more research investor concerns to discover whether or not those issues are being addressed by current regulation
Stronger U.S. housing and retail sectors will have a positive effect on Canada’s economy