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Established in 2016, FSRA officially succeeded its predecessor agencies – the Financial Services Commission of Ontario and the Deposit Insurance Corporation of Ontario – on June 8, 2019. [1] The Financial Services Regulatory Authority of Ontario operates at arms-length from the Government of Ontario , and reports to the Legislative Assembly ...
Canadian securities regulation is managed through the laws and agencies established by Canada's 10 provincial and 3 territorial governments. Each province and territory has a securities commission or equivalent authority with its own provincial or territorial legislation.
Deposit insurance or deposit protection is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due. Deposit insurance systems are one component of a financial system safety net that promotes financial stability.
Canada does not have a national securities regulator, and each province and territory regulates its own capital markets; OSC regulates the capital markets in Ontario. [3] Other notable provincial regulators include the Alberta Securities Commission , the Autorité des marchés financiers (Québec) , and the British Columbia Securities Commission .
The company was created by Edward Kholodenko and launched in 1999. [3] As of early 2020, the company was Canada's fastest growing online brokerage firm, [4] and has $30 billion under management, as of December 2024. [5]
A landmark agreement would eliminate real estate brokers' automatic commissions of up to 6%, potentially saving home buyers and sellers thousands of dollars.
In Canada, TD Waterhouse thus replaced the brand Greenline. In 1996, TD became the first online broker in Canada with the launch of WebBroker. [ 4 ] In June 1999, TD spun off 42 million shares or 12.4% of TD Waterhouse in an IPO , with shares priced at $35.28 CAD or US$24 per share, earning US$1.01 billion.
Global X Investments Canada Inc. (formerly Horizons ETFs) is a financial services company that offers exchange-traded funds. On May 1, 2024, the company changed its name from Horizons ETFs to Global X Investments Canada Inc. [2] In April 2017, Global X began offering the first cannabis industry focused exchange-traded fund (ETF), Global X Marijuana Life Sciences Index ETF.