Schwab to open store-front brokerages

Article Abstract:

Charles Schwab Canada Co will open four store-front brokerage offices in Toronto and Vancouver by the end of Apr 1999. The new Canadian subsidiary of discount broker Charles Schwab Corp was formed after Charles Schwab acquired the Toronto-based Priority Brokerage Inc and its sister firm Porthmeor Securities Inc. The Canadian unit has combined client assets of around C$185 million while its San Francisco, CA-based parent holds assets of around $491 billion.

Marketing procedures, Securities Brokerage, Stock Brokerage, Stockbrokers, Charles Schwab Canada Co.

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Montrusco signs deal to acquire Bolton Tremblay

Article Abstract:

Montrusco Associates Inc will acquire rival money manager Bolton Tremblay Inc of Montreal, Quebec, for C$34 million in stock. Montrusco will pay for the acquisition with 2.37 million shares of its stock, worth around C$34.4 million based on the closing price of C$14.50 on Jan 20, 1999. Monstrusco's portfolio is worth abouth C$6.7 billion, while Bolton Tremblay manages around C$3.8 billion in assets.

Asset sales & divestitures, Acquisitions & mergers, Financial Holding Companies, Offices of Bank Holding Companies, Bolton Tremblay Inc.

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GM dives into satellite radio fray

Article Abstract:

General Motors of Canada Ltd. has requested for approval from Canadian Radio-Television & Telecommunications Commission for two satellite radio proposals for the new automobile product from the company. The details of the proposal are presented.

Product development, Government regulation, TRANSPORTATION EQUIPMENT, Transportation equipment industry, Licensing, certification and accreditation, Canada. Canadian Radio-television and Telecommunications Commission, General Motors of Canada Ltd.

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