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Canadian Western Bank is reaping the rewards from moving beyond its roots in the country’s ailing oil heartland.
Chief Executive Officer Chris Fowler is starting to see a payoff from years of transforming Canadian Western from an Alberta-focused commercial lender into a more geographically diversified, full-service bank targeting business owners. The Edmonton-based bank’s fiscal first-quarter earnings topped analysts’ estimates, helped by loan growth in Ontario and earnings from businesses that the bank has worked to bulk up, such as wealth management.
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Going public in Canada is usually accomplished in one of two ways – through a traditional IPO or, for smaller companies, through the capital pool company (CPC) route.
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