Article

McLeod Young Weir Limited

Published Online February 7, 2006

Last Edited December 16, 2013

The company was established in 1921 by Donald I. McLeod, Ewart Young and J. Gordon Weir with an initial capital of $40 000, which grew to $300 million.

McLeod Young Weir Limited

The company was established in 1921 by Donald I. McLeod, Ewart Young and J. Gordon Weir with an initial capital of $40 000, which grew to $300 million. From its inception the firm was first in the industry to adopt 2 basic principles: productive staff were given the opportunity to participate as shareholders and no father and son alliances were permitted. The firm pioneered a number of new products now commonplace in the industry. The company is best known for its "McLeod Young Weir Bond Averages," a yardstick of bond yields maintained and perfected over many years as a service to investors and the industry.

With 1600 staff in 43 offices throughout Canada as well as others in Britain, Europe, US and the Far East, the company was a recognized leader in all facets of the industry. The Bank of Nova Scotia acquired 100% control of the company in Dec 1987. It is now known as Scotia McLeod and operates as the brokerage subsidiary for the bank.