Pershing Securities Canada Ltd. is a subsidiary of Pershing LLC which itself is a subsidiary of the Bank of New York Mellon. Pershing has about $1 Trillion in client assets, and BNYM has about $27 Trillion. Pershing in Canada was opened at the end of 2012 because investors and advisors wanted acess to more "commodity-based economies" like Australia, South Africa and Canada.

At a grand total of $3500 in buys today through Pershing it is a little early to celebrate, but this is the focus of Elmer's efforts with CUU now--trying to get significant investment from these sorts of companies. I have no idea if they've ever met with these people or it is just a random buy, but I'm looking to see if any major investors start buying in the next couple of months to show how the market perceives the deal with Teck.