Home News

Top Stories in News

Empty chairs

Employment strength raises doubts about June rate cut

The April employment gain was the largest monthly increase since January 2023

Collage of british pounds
Research and Markets

Recession ends in the U.K.

While the British economy grew by 0.6% in the first quarter, it has barely grown over the past year

  • By: Pan Pylas
  • May 10, 2024 May 10, 2024
  • 10:18
U.S. Canada flag
Research and Markets

Trade war threatens Canada: Fitch

Protectionism has negative implications for output, employment and inflation

Quebec flag billowing in the breeze
From the Regulators

Capital raising shifts further to exempt market in Quebec

Prospectus filings decline, exempt offerings up in 2023, AMF reports

Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Horizontal, blurred (Business partnership meeting. Picture businessmans handshake. Successful businessmen handshaking after good deal. Ho
Research and Markets

Global private equity activity up in April: S&P

U.S. and Canada lead the way in global deal value

Green city
Industry News

Climate investment taxonomy would prevent greenwashing, confusion: experts

Government is working to launch taxonomy "as soon as possible," Freeland says

The facade of the Royal Exchange in the City of London
Research and Markets

BoE edges closer to rate cut, possibly in June

U.K. inflation is forecast to fall below target in the near term

Oil pump jacks at sunset sky background.
Research and Markets

Oil executives expect sustained period of strong crude prices: survey

Two-thirds of polled institutional investors predicted energy sector will outperform over next 12 months

a bright idea
From the Regulators

OSC tests new early-stage exemptions

Regulator adopts new exemptions designed to help startups raise capital

Manulife head office building in Toronto, Canada. Manulife is a Canadian multinational insurance company.
Industry News

Manulife reports first-quarter net income of $866M

Company says it will ramp up share buybacks

gavel
From the Regulators

Binance hit with $6-million Fintrac fine

Firm sanctioned over reporting, registration failures

Bitcoin Electronic Crypto Currency Exchange Concept Illustration
From the Regulators

U.S. banks undertake blockchain experiment

Project to examine streamlining settlement for money markets

Financial accounting business sheet calculator
Research and Markets

UBS is back in the black

Strong quarter for wealth management helps bank return to profitability

RioCan REIT reports profits up

Rents continue to trend upward, CEO says

Canada headed for a hybrid open-banking regime

The government will set the standards for the private sector to implement

Second bill on open banking expected in the fall

Screen scraping would be phased out over time

Industry moves this week

A mix of retirements and board appointments

  • By: Katie Keir
  • April 26, 2024 April 26, 2024
  • 14:41

Industry moves this week

Notable news comes from banking, and a new leader joins Sterling Mutuals

Sam Albanese, industry pioneer, dies at 76

Friends, colleagues remember him as an innovator who was dedicated to his field

Embracing the AI boom through AI ETFs

Asset managers anticipate explosive growth in the AI market

Crypto ETFs continue losing ground to U.S. competitors

Total inflows for Canadian ETFs has hit $19 billion for the year to date

Emerge ETFs unitholder calls for greater regulatory oversight

Investor decries lack of communication throughout cease-trade order, and recommends increased due diligence when choosing funds

Former fund rep sanctioned for exceeding registration

Fund rep could fill out basic information, but not KYC info, on investment dealer accounts

ESMA consults on retail crypto funds

Regulator contemplates expanding eligible assets for retail investment funds

IOSCO chief heads to FSB

Global group of regulators seeks new secretary general

Amid high rates, U.S. corporate insolvencies rise: S&P

Business bankruptcies reach highest level in the past year

Household income rebounds to end 2023: OECD

But not in Canada, where population surge weighs on per capita income and real GDP

Capital markets rebound offsets U.S. banks’ weakness

Net interest margins tight, loan growth weak in first quarter, DBRS says