N.B. planning to pursue investment plan
North Battleford City Hall hopes to add to the city’s cash reserves by developing a prudent investment portfolio to help increase its funds.
The city selected RBC Wealth Management Dominion Securities for the project to provide investment services for a five-year term, from May 2018 to April 2023, to develop an Institutional investment policy.
Mayor Ryan Bater said at council’s meeting Monday that issue was previously brought forward during budget planning.
“The idea for this was developed during deliberations for 2018,” Bater said following council. “The first request for proposals was issued back in late November. So we’ve been developing this for months.”