History
Dominion Securities was established in Toronto in 1901 as Dominion Securities Corporation Limited by George Albertus Cox and Edward Rogers Wood. The firm originally focused on government and municipal bonds but diversified into war bonds during World War I. By the 1950s, it had developed a network with branches in every major city in Canada.
The firm grew through acquisitions and gradually acquired by RBC:
- 1984 acquires Pitfield, Mackay, Ross Limited
- 1988 Royal Bank acquires 67% stake in Dominion Securities
- 1989 acquires Pemberton Willoughby Investment Corporation
- 1996 acquires Richardson Greenshields of Canada Limited
- 1996 RBC acquires 100% stake
- 2001 acquires US-based Dain Rauscher and Tucker Anthony Sutro & Company
Read more about this topic: RBC Dominion Securities
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“The history of all hitherto existing society is the history of class struggles.”
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“I am ashamed to see what a shallow village tale our so-called History is. How many times must we say Rome, and Paris, and Constantinople! What does Rome know of rat and lizard? What are Olympiads and Consulates to these neighboring systems of being? Nay, what food or experience or succor have they for the Esquimaux seal-hunter, or the Kanaka in his canoe, for the fisherman, the stevedore, the porter?”
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“To history therefore I must refer for answer, in which it would be an unhappy passage indeed, which should shew by what fatal indulgence of subordinate views and passions, a contest for an atom had defeated well founded prospects of giving liberty to half the globe.”
—Thomas Jefferson (1743–1826)