The new council members have been appointed to two-year terms, but it’s expected that the MFDA’s councils will be replaced by 10 hearing committees in the new SRO structure, which is due to take effect by the end of the year.
Once that new structure is adopted, the members of the MFDA regional councils will automatically become members of the new SRO’s hearing committees “to ensure continuity of enforcement proceedings,” the MFDA said in a notice to the industry.
The Atlantic Regional Council is chaired by Jason Downey of Investors Group Wealth Management, and its vice chair is Joshua Martin from Cooperators Financial Investment Services. It also includes Darrell Bing of PEAK Investment Services Inc. and Réjean Deprés of National Bank Investments Inc.
The Central Regional Council is chaired by Linda Anderson of PFSL Investments Canada Ltd., with Eugene Park from Frontier Capital Funds Inc. as the vice chair.
The other members of the council are: Robert Christianson and Craig Woolford from Quadrus Investment Services Ltd., Canada Life; Michael-Murray Coulter, Investia Financial Services Inc.; Bianca Dupuis, National Bank Investments; Patrick Galarneau, Desjardins Financial Security Investments Inc.; Cheryl Hamilton, Hub Capital Inc.; Cas Litwin, IPC Investment Corp.; Samuel Mah, TD Investment Services Inc.; Vasant Pachapurkar and Jeff Page, Investors Group Financial Services Inc.; Melody Potter, Monarch Wealth Corp.; Colleen Waring, PEAK; and Robert White, Tradex Management Inc.
The chair of the Prairie Regional Council is James Samanta from Investia. The vice chair is Patricia Rigsby, BMO Investments Inc.
The Prairie council also includes: Richard Bergeron, HUB Capital Inc.; Diane Jaspers, Sun Life Financial Investments (Canada) Inc.; Cathy Kelly and Shameel Thakrar from Investors Group Financial; Birju Shah, Canadian Western Financial Ltd.; and Annette Stephens and Greg Wiebe, Quadrus.
The Pacific Regional Council is chaired by Darlene Barker, Desjardins Financial, with Susan Monk from PEAK as vice chair. Its other members are: Nova Aitchison, Desjardins Financial; Elizabeth Chichka, Quadrus; Darryl Gossen, Investors Group Financial; and Tammi Walsh and Jared Webb from Fernhill Financial Corp.
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
