Don’t be “finfluenced” when making investment decisions
SAINT JOHN, NB–In recognition of Investor Education Month in October and Financial Literacy Month in November, the Canadian Securities Administrators (CSA) is encouraging all Canadians to prioritize their financial well-being and verify their sources of investment information. “In our rapidly evolving financial landscape, it is easier than ever to reach …
Younger, FOMO-inclined adults view social media as source for investment tips
VANCOUVER, BC–Younger adults and those who experience the fear of missing out (FOMO) are more likely to think social media is a good place to find investment opportunities, according to new research from the British Columbia Securities Commission (BCSC). In addition, many younger adults and people who have FOMO say …
Raymond James Names Marwan Kubursi Managing Director and Head of HealthCare and Technology
TORONTO, ON–Raymond James Ltd., the Canadian arm of North American investment dealer Raymond James Financial Inc., says Marwan Kubursi has expanded his area of responsibility and been named Managing Director and Head of Technology in addition to his role as Head of HealthCare. Kubursi will oversee the firm’s efforts assisting …
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 …
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 …
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 …
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 …
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 …
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, …