Industry News

Wellington West Capital fined $60,000

On June 25, 2012, an IIROC hearing panel accepted a settlement agreement between IIROC staff and Wellington West Capital Inc., which is now National Bank Financial Inc.

By Staff |July 9, 2012

1 min read

RPM acquires Winfund Software Corp

RPM Technologies is purchasing all shares of Winfund Software Corp. from Mackenzie Financial Corporation.

By Staff |July 9, 2012

1 min read

B2B Trust converts to bank

B2B Trust has converted into a federally chartered bank named B2B Bank, effective immediately. Also, the company now offers a branded line of mortgage products—all other products and services remain unchanged. B2B is a subsidiary of Laurentian Bank and does business with more than 23,000 financial advisors.

By Staff |July 9, 2012

1 min read

New mortgage rules will affect clients

As of today, Canadian mortgage rules changed. But many homeowners aren’t familiar with the alterations or how they’ll affect their mortgages going forward, says a BMO poll. Lenders can now only issue home equity loans up to a maximum of 80% of a property’s value, down from 85%, and the maximum amortization period has dropped […]

By Wire services |July 9, 2012

2 min read