OTTAWA (Reuters) – Foreign investment in Canadian securities was roughly halved in October, with money market holdings slumping because of the retirement of federal T-bills but substantial investment being made in bonds and equities, Statistics Canada said on Monday.
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Blackstone, the largest investor in single-family rental homes, is launching a security backed by those homes.
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Investors have poured over $20 billion into foreclosed properties over the last 3 years. Blackstone is about to offer bonds backed by the rent of its homes, reports CNBC’s Diana Olick.
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An Alberta businessman behind a number of development projects that saw thousands of investors lose their savings has been charged with fraud.
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The Quebec government is vowing to take the federal government to court over Ottawa’s proposed voluntary “co-operative capital markets regulatory system.”
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TORONTO (Reuters) – Alberta wants individual provinces to retain their authority over Canadian securities regulation, a position that makes federal attempts to create a single, national body more difficult, although Alberta is willing to make some adjustments in the current system.
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Provincial Finance Minister Doug Horner says there are opportunities to work with Ottawa on national security regulations, but insists Alberta won’t give up its jurisdiction over the investment industry in the province.
In Thursday’s federal budget, the Conservative government announced it wanted a common security regulator with the provinces, saying it was prepared to introduce legislation to carry out its regulatory responsibilities if an agreement can’t be reached.
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VANCOUVER, Nov. 28, 2012 /CNW/ – Trez Capital Senior Mortgage Investment Corporation (the “Company”) announced that it has filed a final prospectus with the securities regulators in each of the provinces and territories of Canada for the initial public offering of its securities.
The prospectus qualifies the distribution of up to 10,000,000 Class A Shares of the Company at a price of $10 per Class A Share for gross proceeds to the Company of up to $100,000,000. A syndicate of agents co-led by RBC Dominion Securities Inc., CIBC World Markets Inc. and Canaccord Genuity Corp. and including BMO Nesbitt Burns Inc., National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Macquarie Private Wealth Inc., Raymond James Ltd., GMP Securities L.P. and Manulife Securities Incorporated are acting as agents for the public offering and prospective investors may subscribe for Class A Shares through one of such agents.
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The Alberta Securities Commission handed out $160,000 in penalties against two different land developers yesterday after both admitted to illegally trading and distributing securities.
David Brezsnyak was hit with the bulk of those penalties. The ASC ordered him to pay $100,000 plus $6,000 in costs. The ASC says Brezsnyak earned approximately $3.5 million between 2002 and 2011 by selling Westside Land Corp. securities to roughly 1,500 investors. The company’s business was in buying farmland near Calgary, preparing the area for development and then selling the land to a property developer. In total, the company was involved in 11 land projects, three of which were sold to developers in 2006.
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Three of Canada’s largest provinces are leading a revived effort to create a single agency to oversee the country’s securities markets, an initiative that comes nearly one year after the Supreme Court’s rejection of a national regulator.
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