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Primary Dealer

A government securities distributor whose participation in the primary and secondary markets for Government of Canada securities is above a certain threshold level.

As of this writing, the primary bond dealers in Canada include:

  • BMO Nesbitt Burns Inc.
  • Casgrain & Company Limited
  • CIBC World Markets Inc.
  • Desjardins Securities Inc.
  • Deutsche Bank Securities Limited
  • HSBC Securities (Canada) Inc.
  • Merrill Lynch Canada Inc.
  • Laurentian Bank Securities Inc.
  • National Bank Financial Inc.
  • RBC Dominion Securities Inc.
  • Scotia Capital Inc.
  • The Toronto-Dominion Bank

Source: Bank of Canada