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Federal Reserve building

Fed likely to preach patience as markets look ahead to rate cuts

Federal Reserve officials are expected to play it safe when they meet this week

Arrow up

Economists expect inflation rate ticked up above 3% last month

Higher energy prices are driving the increase

home financing

National home sales in February up nearly 20% compared with year ago

Buyers are showing more optimism than last year

Grand opening, cutting red ribbon

Industry moves this week

A variety of moves occurred across several industry areas

  • By: Katie Keir
  • March 18, 2024 March 18, 2024
  • 14:00
Downtown Toronto Financial District Skyscrapers stock photo

Raymond James foresees hitting $100B in a few years

The firm also hopes to reach 25% women advisors by 2025

Using phone for finances

Tech roundup: Webull app offers interest on uninvested cash

Also, Koyfin data platform now includes Canadian mutual funds

Arrow cube

Wholesale sales rose 0.1% in January

For a fourth consecutive month, the personal and household goods subsector also rose

Downtown office buildings Toronto

How much Big Six wealth management execs made in 2023

Total compensation ranged from $6.30 million to $7.56 million

home building

February housing starts increased 14% from January, finds CMHC

Slower housing starts have been expected this year as borrowing conditions and labour shortages affect the pace of building

Rows of golden and silver bars stock photo

Gold as a popular hedge against geopolitical, economic uncertainty

New products, platform allow easy access to the precious metal

Frontenac Castle and Dufferin Terrace - Quebec City

Quebec proposes to boost QPP benefit for disabled seniors

Under the proposal, 77,000 people would see their pension increase starting next year, government says

Apartment building

Renters have harder time accumulating wealth: RBC economist

Homeowners' net worth has reached greater levels in comparison

Quantum computer

Financial services execs investing in generative AI: report

Many professionals were also concerned about cybersecurity threats

Lawsuit filed against SEC for scaled-back climate rules

Environmental organizations say U.S. regulator succumbed to industry pressure

  • By: IE Staff
  • March 14, 2024 March 14, 2024
  • 14:14

Tax changes for the 2023 filing season

Here's a handy roundup, from home office expenses to house flipping

CRA extends relief for bare trust returns as filing deadline looms

Agency says it won’t apply gross negligence penalties for non-filing of 2023 bare trust returns except in “egregious cases”

PPI adjusts executive team, aiming to attract more advisors

Other major top-level shifts have occurred at CIBC and the Ontario Securities Commission

  • By: Katie Keir
  • March 7, 2024 March 14, 2024
  • 17:44

Industry moves this week

The new Federation of Independent Dealers named its 2024 board leader and future focus

Industry moves this week

Alongside BMO Private Wealth's leadership shift were several other veteran and advisor announcements

  • By: Katie Keir
  • February 23, 2024 February 23, 2024
  • 11:41

Making the most of momentum ETFs

An attractive aspect of the momentum factor is that it’s style-agnostic

Horizons ETFs to change name in May

Firm said the move supports its goal of doubling AUM and increasing market share to 10%

Sustainable funds hit AUM record despite ETF outflows

Analysis from Morningstar Direct also found that 2023 was the best year for Canadian sustainable fund performance relative to peers

CFRs, CE and cybersecurity among CIRO’s priorities for 2024

The SRO also updated its exam timeline for mutual fund dealers

OEO dealer fined $2 million for violating CIRO rules

Firm offered recommendations in contravention of its registration as an order-execution-only dealer

  • By: IE Staff
  • March 12, 2024 March 12, 2024
  • 15:24

Boiler room broker gets five years in prison

Pump-and-dump scheme used high-pressure cold calls, targeted seniors

Households owed $1.79 for every dollar of disposable income in Q4

Data from Statistics Canada is lower in Q4 than it was in Q3

Quebec tables budget with $11B deficit

Finance minister Eric Girard offers no precise timeline to balance books

U.S. inflation up again in February

Prices rose 0.4% from January to February, higher than the previous month’s figure of 0.3%