Kevin Tychon joined Canadian Imperial Bank of Commerce in Calgary as director of investment banking from Cormark Securities Inc., according to Vlaad and Co., a Toronto-based financial services recruiting firm.
Toronto-Dominion Bank, which has bought about C$17 billion ($15 billion) of credit-card assets since 2011, displaced Canadian Imperial Bank of Commerce as the country’s top issuer, according to the Nilson Report.
Sean Roosen, who turned a small explorer into the operator of one of Canada’s largest gold mines, says he’s ready to do it again after agreeing to sell Osisko Mining Corp. for C$3.9 billion ($3.5 billion).
Agnico Eagle Mines Ltd. and Yamana Gold Inc. agreed to jointly acquire Osisko Mining Corp. for C$3.9 billion ($3.54 billion), the latest twist in a battle for control of a Quebec mine that now involves three of Canada’s largest gold producers.
The Canadian dollar touched the lowest level in more than a week after the Bank of Canada said its next move on interest rates could be up or down as a forecast pickup in business investment has been slow to materialize.
Canada’s political class laid former Finance Minister Jim Flaherty to rest today at a state funeral in Toronto, where he was lauded for his political pragmatism, his work on behalf of the disabled and his humor.