The Town invests cash balances arising from fluctuating cash flows, unspent capital funding,
reserve and reserve fund balances. The Town is specifically limited by provincial regulation as
to the nature and type of investments which we may secure.
Due to the limited risk of the eligible investments, the portfolio is managed by trained and
experienced staff, and decisions are based on market availability, portfolio guidelines, town
investment policy, cash requirements and availability.
Whenever cash is to be invested, a competitive process is followed to ensure the best return
available is identified given the duration of the planned investment. Optimal yields, security and
safety of the investment is paramount to our program.
Brokers with major investment brokerage houses are welcome to join our competitive email
bidders list on a trial basis. Please contact us for details.
The Town of Aurora currently has investment account relationships with the following organizations:
- BMO Nesbitt Burns
- CIBC Wood Gundy
- Raymond James
- RBC Dominion Securities
- TD Canada Trust
Procedure No 61 - Investment Policy