The Montreal Stock Exchange was incorporated in the year 1874, but as early as 1832 a group of brokers met regularly to trade stocks within a coffee house which was later named the “Exchange Coffee House”. In 1863, a Board of Brokers was formed which soon grew into a regulated body with a membership subject to election. In 1974, The Montreal Stock Exchange merged with the Canadian Stock Exchange, and a year later becomes the first to sell stock options to Canada. The Montreal Stock Exchange in 1982 officially changes its name to Montréal Exchange in order to reflect the growing importance of financial instruments other than stocks which primarily include options and futures – on its trading floor. By 1986 the number of new listings at the MX …show more content…
Its trading volume increased to over 17.7 million contracts, up 21 per cent from the previous year. This significant growth is largely due to strong growth in interest-rate and index derivatives products, which increased 40 per cent and 15 per cent respectively. In addition, the underlying value of contracts traded averaged more than $30 billion (currency is of Canadian Dollars) on a daily basis, compared to $20 billion in 2002.Though the Montreal Exchange was doing fine on its own joining together with the Toronto Exchange has made the …show more content…
Rule Five - Miscellaneous Rules Policy C-10 - Internal Control Policy : Pricing of Securities
Rule Six – Trading Policy C-11 - Internal Control Policy on Derivative Risk Management
Rule Seven - Operations of Approved participants Policy C-12 - Minimum Requirements for Suitability Relief Concerning Trades not Recommended by an Approved Participant
Rule Eight - Advertising and Communications Policy C-13 - Responsibilities of the Chief Compliance Officer and Ultimate Designated Person
Rule Nine - Margin and Capital Requirements for Options, Futures Contracts and other Derivative Instruments Policy F-1 - Continuing Education Program
Rule Ten - Settlements - Securities Policy F-2 - Proficiency Requirements
Rule Eleven - Options Accounts Management Policy F-3 - Required Conditions for Granting an Exemption to a Course or an Examination of the Industry
Rule Fourteen - Derivative Instruments - Miscellaneous Rules Policy F-4 - Professional Training Requirements
Rule Fifteen - Futures Contracts Specifications Policy T-1 - Specialist/Market-Maker Trading Policy
Policy T-3 - Circuit Breaker Policy T-4 - Futures Options : Market-Maker Policy
Rules Regarding the Regulatory Division Rules Regarding the Special Committee - Regulatory
Quebec’s social identity and defining characteristics contradict and conflict with those of rest of Canada. Since the genesis of our country, the political, social disagreements, and tensions between Quebec and the rest of Canada have been unavoidable. Utilizing Hiller’s key contradictions in the analysis of a Canadian society, we will compare and contrast the nature of the societal identity in Quebec compared to that of rest of Canada, emphasising on the major differences and tensions between the province and the rest of the country.
Prime Minister Lester B. Pearson was a prominent figure in Canada in the 1960s. Pearson was Canada's most significant post WWII prime minister because of his government's many innovations that still benefit Canadians today. He fostered Canadian nationalism, which continues to the present day, promoted equality throughout Canada – equality that now thrives as part of Canada's identity – and he introduced many social services that are still implemented today.
Canadian economic history is often taken as an obscure and comprehensive subject. From the time Canada was a colony of Great Britain, to the official proclamation of the confederation on July 1st 1867, Canada adopted many economic ideologies that established Canada as developed nation. Mercantilism is one of many of the earliest theories that the Canadian economic system adapted from the Great Britain.
Lester B. Pearson has made many accomplishments throughout his life. He was the representative from Canada in the United Nations. He was the prime minister of Canada through 1963-1968. During his time of being Prime Minister, and even before, he has impacted Canada quite strongly. He is a very significant man because of the way he established Canadian Identity culturally, socially and through global relationships. He was the man who introduced ways to change Canada in order to improve lives.
trade in Canada, and even the whole world. Quebec is a big trade market in
Canada: The Quiet Revolution in Quebec The English-French relations have not always been easy. Each is always arguing and accusing the other of wrong doings. All this hatred and differences started in the past, and this Quiet revolution, right after a new Liberal government led by Jean Lesage came in 1960. Thus was the beginning of the Quiet Revolution.
The statistics indicate that Canada has primarily been an investor abroad, with substantial amounts of cash flows leaving the country. Again, both of these accounts grew almost every year. Between 1992 and 1997, funds received dropped only once in 1993. Likewise, funds invested abroad dropped only once within this time interval in 1996.
"Timeline." NYSE, New York Stock Exchange About Us History 2008 Specialists Are Transformed into Designated Market Makers (DMMs). N.p., n.d. Web. 29 Mar. 2014. .
As the government of Canada was taking its first steps as a united country after confederation it was eying a vast amount of land which is now part of the Canadian prairies and Manitoba. The Canadian government was interested in Rupert’s land because Canada wanted to expand from sea to sea (A Mari Usque Ad Mare) therefore accomplishing sir MacDonald vision for a bigger better Canada. One of the main reasons why Canada was eager to buy Rupert’s land was because good farmable land was scarce in Ontario. In addition many settlers were thinking of moving toward the west (Alberta, Saskatchewan, Manitoba) the Canadian government was ecstatic about this because it was like hitting two birds with one rock why? Provided Canada was afraid of the American expansion toward the north. Lest, it wanted settlers to settle in the west therefore claim it for Canada. When Macdonald found out that settlers were interested in moving to the west he wanted them to settle as soon as possible and preferably before their neighbours. However, Rupert’s land was in the way and it was up for sell from the once powerful Hudson’s Bay Company whom controlled the area. In conclusion the British fur trade giant had been in decline for years and now it was up for grabs. The Canadians were afraid of The Americans, who had just paid Russia millions of dollars for Alaska in 1867, whom were also looking for other properties to expand their Republic and eyed the territory. But Canada saw Rupert's Land as the natural extension of its new nation which included Nova Scotia, New Brunswick, Ontario and Quebec and it was not going to let it get away. However, The Hudson's Bay Company was prepared to sell to the Americans who would pay top dollar. But on March 20, 1869, ...
The stock market is a centralized area where buyers and sellers comes together to perform stock transaction. When one thinks of the stock market, the first thing comes to mind is Wall Street which is sometimes referred to as the New York Stock Exchange as well as the NYSE.
Canada is great economic superpower that has yet to reach its potential. As the second largest nation by area, we possess vast natural resources. We are a massive importer and exporter on the world stage, who a play a vital role in the stability of the northern hemisphere. Through Canada’s international trade, we export vast quantities of many different foods stuffs, minerals and manufactured goods like cars, while we tend to import lots of Iron, Aluminum and Steel. Our relations with neighbouring nations have been integral in the success of our trade. In 1994 Canada became a member of the North American Free Trade Agreement or NAFTA with the US and Mexico. NAFTA reorganized Canada’s and America’s trading systems to work as one. The trade issue of recent months is about the rising costs of energy in Canada and in the United States. Newly elected President George W. Bush now is proposing a North American energy initiative for a continental power grid. This proposal puts Canada in a very uncomfortable situation. On the one hand we would love to share our resources and appease our super-power to the south. But on the other we prefer to leave our pristine land alone. The growing trend nowadays is that politicians are the ones wanting to please the Americans by giving away our resources, while it is the activist who is concerned about the vast environmental damage this energy legislation could entail.
A sports team is vital to a large city such as Montreal. A sports team may have
The Bank of Canada is Canada’s central bank, whose current Governor is Mike Carney. It was founded in 1934 by the Bank of Canada Act of the same year. The country’s banking system was quite stable even before the Bank of Canada was established, mainly thanks to its branch banking structure, and showed little interest in central banking in the early 1900s. In addition, the banking system was somewhat being regulated by the Canadians Bankers’ Association. However, as the Great Depression took Canada by storm, talks about its then financial state were brewing. Some even questioned the country’s ability to meet larger demands. The central bank was formed from the Act in 1934, and starting running in 1935, but as a privately owned institution. Then, when William Mackenzie King was re-elected as Prime Minister after a full term by Richard Bennet, the new government made an amendment to the Bank of Canada Act, making the bank publicly owned by 1938, as it is today (Bank of Canada: History). Its primary objective was to be able to support financial and economic wellbeing of our country (Go Currency: Bank of Canada). In that way, it has many roles and functions as a central bank, which I will expand in the coming paragraphs.
The biggest stock exchanges are the New York Stock Exchange and NASDAQ. The New York Stock Exchange is a large building in Lower Manhattan that does auction-style trading with a lot of face to face interaction through specialists, brokers, and buyers. There are upper floors in this exchange on which specialists determine the prices of all the stocks. This information then travels to the brokers who work auctions face to face with buyers in order to sell the stocks. America’s biggest companies, like Coca-Cola and McDonald’s, sell their stocks through this exchange. NASDAQ is a virtual stock exchange with no physical building. This exchange was created during the 1970s but began thriving during the tech boom of the 1990s. The tech boom helped this exchange become the home of more technological companies li...
What is the stock market? Businesses share part of the company by selling stock, or shares of ownership. When investors own shares of a company, that company is considered public because the general public has an ownership stake in that company. At the high ranks of the companies are the board of directors, whose job it is to make sure the business’s managers are working in the best interests of the multiple owners and shareholders. Companies sell shares so they can expand their businesses and make them better, such as by building manufacturing plants, buying other companies, and developing new and improved products to keep their business profitable. America’s railroads, steel manufacturers, car companies, and telephone companies all started with the help of money from opening up their business to the Stock Market. The Stock Market started in the 1920’s. People who were smart enough to buy them back then could build up a fortune since the market was growing so rapidly. One wh...