Industry

Industry veteran to lead Fidelity’s clearing business

Fidelity Clearing Canada, a provider of clearing, custody and back-office support services to Canada-based brokerage firms, has named Todd Roadman as its chief executive officer. Roadman, a 13-year-veteran of the brokerage industry, will officially assume his new role once all regulatory prerequisites have been satisfied. Since the launch of the business in September of 2009, […]

By Staff |June 21, 2012

1 min read

Canadians have better retirement prospects than Americans

Canadians have to save significantly less than Americans for retirement because they have lower health care costs.

By Suzanne Sharma |June 21, 2012

3 min read

CIBC is Canada’s strongest bank…or is it?

CIBC is the strongest bank in Canada and North America. It’s also the third strongest bank in the world, says Bloomberg Markets. Bloomberg's global study is based on banks with more than $100-billion (U.S.) worth of assets.

June 21, 2012

2 min read

No buyer for CIBC’s FirstLine Mortgage unit

The Financial Post reports that CIBC has failed to sell its broker mortgage brand, FirstLine Mortgages, marking a rare occasions in which a large bank has been unable to find a buyer for one of its assets. Now, one of the country’s largest mortgage brokers will be gradually wound down, with some staff switched over to CIBC and others receiving compensation packages.

By Staff, with files from The Canadian Press |June 21, 2012

2 min read