Who issues PPNs?

Typically Canadian chartered banks issue PPNs although a few provinces and government agencies have also issued PPNs. The majority of PPNs are issued by federally-regulated financial institutions, primarily Schedule I and Schedule II Banks and between 70% and 80% of PPNs are marketed or sold by investment dealers and members of the Investment Industry Regulatory Organization of Canada (IIROC), formerly the Investment Dealers Association (IDA).

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Investment considerations of PPNs