Casgrain is the only Canadian non-bank owned investment dealer that is a primary dealer of the Bank of Canada and as such, participates in all of the federal government’s bond auctions. A “brand” name in Canada’s fixed income landscape, Casgrain's market presence and strategic thinking has helped the firm establish long-term relationships with institutional investors, as well as provincial, municipal, and corporate debt issuers.
Most firms in the Canadian fixed income market are vertically integrated. Unlike many bank-owned dealers, Casgrain is not part of a financial institution with many competing interests. As one of the few independent investment dealers, Casgrain is known for its objectivity, its sense of ethics and the pertinence of its advice. In the event of future bank mergers, including Casgrain today as a partner ensures that we will continue to be a strong alternative to the other bank-owned investment dealers, providing issuers and investors with more choice, transparency, opportunity and independent advice.
Since its inception in 1947, Casgrain has consistently grown its business by offering innovative products and services, enhancing institutional investor coverage, and participating in increased numbers of debt underwriting syndicates. The ability to grow our business through difficult market cycles demonstrates our understanding of the Canadian bond market and highlights the role we play as the largest Canadian-owned independent fixed income investment dealer in Canada. With a focus on creating value for our clients, Casgrain prospers. Today, Casgrain offers many services to institutional investors and issuers in the Canadian markets:
Our integrity, reputation, and high ethical standards reassure issuers and institutional investors that the services Casgrain provides are of the highest standard.
Casgrain upholds a very strong code of ethics and is in good standing order with IIROC and all provincial regulators. Throughout the history of the firm, Casgrain has maintained an excellent reputation. Most importantly, we are committed to a high code of ethics that underpins the very core of our identity.
Over time, we have developed strong relationships with some of the largest institutional investors and issuers in Canada, and we have cultivated a niche market with small, medium and large size investors.
Casgrain has the ability to distribute issuers’ bonds across Canada and the US, the latter through its wholly-owned subsidiary Casgrain & Company (USA) Limited, and to support the bonds in the secondary market. This increased liquidity and transparency can help reduce an issuer’s borrowing costs in future debt financings and ensures that institutional investors are satisfied.
Casgrain has established an impeccable track record over the past 60 years in the Canadian capital markets. This is demonstrated by the firm’s longevity, inclusion in multiple underwriting syndicates and established relationships with institutional investors and Canadian issuers. In particular, Casgrain has been recognized in the market with top rankings in numerous consecutive Brendan Wood International Fixed Income Surveys in several categories. The Casgrain team boasts a valuable, in-depth knowledge of the market and the debt securities that it follows. Our clients benefit from our expertise in an environment of shared information, allowing them to better understand important issues with respect to specific securities.