Industry

Hub International makes several Canadian acquisitions

Chicago-based insurance brokerage Hub International acquired Blackstone Insurance, Benefits and Bonding Inc. on Wednesday, the latest in a series of recent acquisitions. On Tuesday, the company announced its purchase of Ontario’s Benefit Broker Services Inc. Last week, Hub purchased Southland Insurance Brokers and the property and casualty insurance business of Cypher Insurance Group (CSG), both […]

By Staff |August 8, 2018

1 min read

PMAC, IIAC outline concerns about CCMRS exemptions

Draft prospectus and related registration exemptions for the Cooperative Capital Markets Regulatory System (CCMRS) don’t do enough to streamline markets, the Portfolio Management Association of Canada (PMAC) says. In a submission to the CCMRS, the industry association said it’s concerned about “numerous jurisdictional exemptions” that “may represent a re-packaging of existing regulations with minimal additional […]

By Staff |August 8, 2018

2 min read

B.C. man fined $4.5 million for defrauding investors

The BCSC also ordered more than $3 million in disgorgement

By Staff |August 8, 2018

1 min read

HSBC’s operating income rises by 14.9% in Q2

HSBC Bank Canada reported a rise of $74 million, or 14.9%, in operating income for the second quarter year over year. In a release, the bank attributed the increase to growth in its loans, higher interest rates and increased trading revenue. The retail banking and wealth management business’s operating income rose by $16 million, or […]

By Staff |August 7, 2018

1 min read