Element Financial Corp. Chief Executive Officer Steven Hudson says selling repackaged leases to life insurance companies helped his Canadian firm avoid the “financial market heroin” that almost ruined his first leasing venture 14 years ago.
TMX Group Ltd., owner of Canada’s equity and derivatives exchanges, will expand its offerings of fixed-income products as regulations drive trading to public markets, Chief Executive Officer Thomas Kloet said.
Royal Bank of Canada Chief Executive Officer Gordon Nixon was paid more than his counterparts at JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. as record earnings last year helped most Canadian bank CEOs narrow the pay gap with the U.S.
Hudson’s Bay Co., Canada’s oldest company, will return to the Toronto Stock Exchange after more than six years as mass-retailer Target Corp. and upscale department store Nordstrom Inc. arrive from the U.S. to challenge both the high and low-end of its market share.
Fiera Capital Corp., the best- performing wealth manager among its North American peers this year, is looking for acquisitions of companies with assets of up to C$2 billion ($2.04 billion), President and Chief Operating Officer Sylvain Brosseau said.
Bharat Masrani, who helped oversee Toronto-Dominion Bank’s $25 billion U.S. expansion, is likely to add to that business when he takes over next year as chief executive officer of Canada’s second-biggest bank.
Royal Bank of Canada, Toronto- Dominion Bank and other Canadian lenders will report quarterly profit growth of as much as 17 percent, demonstrating the banks’ resilience even as the world’s 11th-largest economy slows.