Royal Canadian Mounted Police have arrested six people in connection with the massive Norbourg securities scandal, including former CEO Vincent Lacroix, who is already serving jail time for related fraud.The five other suspects arrested Wednesday morning were: Félicien Souka, 37; Serge Beugré, 43; Jean Cholette, 45; Rémi Deschambault, 57; and Jean Renaud, 40, a high-level […]
Webster named CIO of CIBC Global Asset Management
The Toronto Stock Exchange’s main index finished flat on Wednesday as strength in energy shares was offset by a decline in the financials group.The S&P/TSX composite index added just 4.30 points, or 0.03%, to close at 15,073.13.Three of the 10 main index groups finished higher, including the heavyweight energy and materials sectors, which added 1.03% […]
Representative office upgraded to full branch status
26 new look insurance agencies now open for business
Document tracks changes in federal and provincial legislation affecting group pension plans
All money services businesses will be required to register with FINTRAC by June 23. This registration requirement follows recent changes to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.All money services businesses will be required to register with FINTRAC by June 23. This registration requirement follows recent changes to the Proceeds of Crime […]
Deal will expand FX services offered to the clients of Equity Transfer & Trust Co.
Office will help bank build on relationships in the region
Senior managers placed at U.S. units Lincoln General and American Country