Industry News

BMO launches blockchain-based pilot for fixed income transactions

The Bank of Montreal’s capital markets arm says it has successfully launched a pilot involving the use of blockchain in a Canadian-dollar debt deal transaction. BMO Capital Markets says the fixed income issuance transaction included the bank as the issuer and the Ontario Teachers’ Pension Plan as the buyer of $250 million of one-year floating-rate […]

By The Canadian Press |August 15, 2018

1 min read

ASC hearing against short-seller Cohodes underway

A lawyer for U.S. short-seller Marc Cohodes says an application for an order preventing him from trading shares of Badger Daylighting Ltd. is “rushed” and unnecessary. Andrew Wilson told an Alberta Securities Commission hearing that Badger can pursue a civil remedy against the California-based investor. ASC counsel Don Young says the order preventing Cohodes from […]

By The Canadian Press |August 15, 2018

1 min read

Qualified Financial Services appoints new president

Fiona Cuddy will be joining Qualified Financial Services as president, effective Sept. 10. Cuddy joins the QFS team from her previous role as associate vice-president, managing general agency partnerships, at Canada Life Insurance. She brings to the position more than 10 years’ experience in the insurance industry, most recently advancing the strategic direction of the […]

By Staff |August 15, 2018

1 min read

Scotiabank to acquire Banco Dominicano del Progreso in Dominican Republic

Scotiabank says it has reached a deal to acquire Banco Dominicano del Progreso, a bank with operations in the Dominican Republic. The Canadian bank, which has been focused on expanding its presence in Latin America, says the transaction is not financially material. Scotiabank says the acquisition will make it the Dominican Republic’s fourth-largest loan provider […]

By The Canadian Press |August 14, 2018

1 min read