FINANCIAL_SERVICESONGOING

Ramara Continues Investment Management with CIBC Wood Gundy

The Township of Ramara uses CIBC Wood Gundy, through Senior Wealth Advisor Geoffrey Pennal, to manage its investment portfolio, including a $3,000,000 BNS Core Canadian Large Cap Deposit Note that was recently redeemed for total proceeds of $5,262,000. The relationship covers multiple principal-protected notes compliant with the Municipal Act.

Status
ONGOING
Document date
July 24, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Cibc Wood Gundy
Agency
Township of Ramara · Canada

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Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Scope & details

The full contract record, as filed.

Contract amount
$3,000,000 invested (principal), redeemed for $5,262,000 total proceeds
Contract type
FINANCIAL_SERVICES
Contract term
Investment made December 2024 and redeemed prior to July 20, 2026 (less than 2 years)
Renewal
Ongoing investment advisory relationship with CIBC Wood Gundy; individual notes have fixed maturities but the overarching advisory engagement has no stated end date.
Document type
AgendaPacket
Source document
Township of Ramara Council Information Package 2026-07-24

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Township of Ramara?

Cibc Wood Gundy was awarded this financial services contract by Township of Ramara, as recorded on July 24, 2026. The contract value is $3,000,000 invested (principal), redeemed for $5,262,000 total proceeds.

How much is the Cibc Wood Gundy contract with Township of Ramara worth?

The Cibc Wood Gundy contract with Township of Ramara is valued at $3,000,000 invested (principal), redeemed for $5,262,000 total proceeds, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Township of Ramara Council Information Package 2026-07-24 (AgendaPacket), dated July 24, 2026 from Township of Ramara. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cibc Wood Gundy hold?

Cibc Wood Gundy may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Township of Ramara currently buying?

Explore Township of Ramara's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Township of Ramara's profile

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