Investment SolutionsSecurities

Canadian securities administrators adjust implementation date for client focused reforms

TORONTO, ON–The Canadian Securities Administrators (CSA) published a relief order that provides registrants with an additional six months to comply with the conflicts of interest provisions in the Client Focused Reforms. Registrants will now have until June 30, 2021 to implement these changes. The CSA also published a second relief …

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Investment SolutionsRegulatory Issues

Canadian securities regulators move forward with embedded commissions bans

VANCOUVER, BC–Canadian securities regulators announced today that they will ban two types of commissions that are embedded in some mutual fund purchases. Canadian Securities Administrators (CSA) Staff Notice 81-332, Next Steps on Proposals to Prohibit Certain Investment Fund Embedded Commissions explains that the participating provinces and territories expect to publish …

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Investment Solutions

NOVACAP officially launches its new financial services fund

Novacap first private equity firm in Canada to launch fund dedicated to financial services MONTREAL, QC–Novacap, one of Canada’s leading private equity firms, announced the introduction of a new sector fund and its first closing. Novacap Financial Services I gathered initial commitments of C$260 million, a strong start toward its …

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AppointmentsFinancial AdvisoryInvestment Solutions

CIBC Mellon names Ash Tahbazian Chief Relationship, Revenue Officer

Leading relationship management and relationship development TORONTO, ON–CIBC Mellon has appointed Ash Tahbazian to the newly-created role of Chief Relationship and Revenue Officer. Effective today, he assumes overall responsibility for the company’s relationship management and relationship development functions. He also joins CIBC Mellon’s leadership team. Tahbazian has more than 25 …

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Equipment FinanceInvestment Solutions

Vehicle Manufacturers Applaud Ontario Commitment to Strengthen Investment Competitiveness

Canadian Vehicle Manufacturers’ Association impressed with continued commitment TORONTO–Canadian Vehicle Manufacturers’ Association President, Mark A. Nantais says the Canadian Vehicle Manufacturers’ Association (CVMA) applauds the Ontario government’s continued commitment and focus to pursue policies that demonstrate a positive rationale for automotive manufacturing and related investment in Ontario. “The 2019 Ontario …

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Industry NewsInvestment SolutionsTrends

Canadian Plan Sponsors Continue to Post Positive Median Returns

Alternative assets outperformed traditional assets for the quarter TORONTO–The median return of the BNY Mellon Canadian Master Trust Universe, a BNY Mellon Global Risk Solutions fund-level tracking service, was +1.66% for the third quarter of 2019 despite slowing global growth indicators. The 1 year median return as of September 30, …

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