Canadas stock exchanges are auction markets. in an auction market, clients bids and offers for a stock are channelled to a single central market and compete against each other. brokerage firms...Read More
A debt instrument is an agreement whereby the issuer promises to repay a loan on a specified date (also referred to as the maturity date). in the interim, the issuer makes fixed interest payments to...Read More
Corporate debt refers to corporate bonds and debentures. The following is a definition of commercial paper: an unsecured obligation issued by a corporation or bank to finance its short-term...Read More
Non-marketable bond refers to a bond that cannot be sold between investors. An example of a non-marketable bond would be canada savings bonds. the federal government issues non-marketable canada...Read More
Bonds and debentures are similar but with a few minor and important differences. they are both debt instruments that signify a corporation has borrowed money, will pay interest on the loan and will...Read More
A for-profit company can be either private or public. In the case of the for profit private company, the exchange is owned by shareholders who usually have a stake in the operation of the...Read More
