Industry

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

Mercer to acquire Pavilion Financial’s wealth management operations

Global consulting firm Mercer has signed an agreement to acquire the investment consulting, alternatives consulting and wealth management operations of Pavilion Financial Corporation. Pavilion is a global investment services firm with its headquarters in Winnipeg. The acquisition is subject to customary conditions, including regulatory and shareholder approvals, and is expected to close in Q4, a […]

By Staff |August 14, 2018

1 min read