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Stock market quotes

TSX closes at two-year low

Concerns about slowing Chinese economy weigh on stocks

Manitoba Legislative Building in Winnipeg, Manitoba, Canada
People

David Cheop named CEO of the Manitoba Securities Commission

Cheop was deputy director and secretary of the commission from 1986 to 1998

Business woman showing stock market financial situation
Industry News

IFIC offers alternative to the CSA’s proposed ban on DSC mutual funds

PMAC wants CSA to leave pooled funds out of client-focused reforms

  • By: IE Staff
  • December 14, 2018 December 14, 2018
  • 16:00
People examining economic statistic Financial examiner Vector illustration.
People

GRI appoints new president and CEO

Sonia Baxendale succeeds Richard Nesbitt in top role at Global Risk Institute in Financial Services

  • By: IE Staff
  • December 14, 2018 December 14, 2018
  • 15:00
From the Regulators

OSFI proposes reforms to large exposure risk management for banks

Reforms would limit banks’ exposures to a single counterparty, or closely connected groups of firms

Folders with the label Retirement Plan and Pension
Research and Markets

Pension wealth increased in 2017

An increase in pension contributions and strong foreign equity markets drove pension wealth growth

Research and Markets

Key household debt ratio ticked higher in third quarter

Canadians owed nearly $1.78 in credit market debt for every dollar of household disposable income

  • By: Craig Wong
  • December 14, 2018 December 14, 2018
  • 13:30
Insurance Policy Protection Risk Security Concepts
Products

National Bank partners with insurtech Breathe Life

Partnership will accelerate online availability of life insurance products to clients

  • By: IE Staff
  • December 14, 2018 December 14, 2018
  • 13:00
From the Regulators

IIROC consults on proposed changes to trading rules

Proposals aim to address concerns that too many small orders are being traded in the dark without price improvement

hand grabbing money bag
Industry News

CRA names members of external advisory panel on service

Panel aims to help improve the experience of Canadians when they interact with the tax man

  • By: IE Staff
  • December 14, 2018 December 14, 2018
  • 11:15
Piggybank With Eyeglasses And Calculator On Wooden Table, TFSA, RRSP
Research and Markets

Margins rise at Canada’s credit unions: DBRS

The trend to fatter margins is expected to continue as interest rates climb

Industry News

CI acquires majority stake in WealthBar

CI sees great potential in giving advisors the ability to use WealthBar’s robo-advisor service

  • By: IE Staff
  • December 14, 2018 December 14, 2018
  • 09:23
Customer Relationship Management handshake provider and customer flat illustration
Industry News

Echelon acquires Dundee Securities

Veteran advisor Les Sherman makes the switch

Basel Committee consults on stricter disclosure from banks

Global banks may be engaging in transactions designed to dress up their leverage disclosures

Pension assets rose in Q2 2018

The market value of assets grew 7% over Q2 2017

Proposed class action against Mackenzie seeks $175 million in damages

The lawsuit has been filed on behalf of discount brokerage clients who allegedly paid excessive management fees on mutual mutuals

Warren Moysey dies at 79

Moysey was a former president of CIBC and a former chairman and CEO of CI Mutual Funds

FMFD appoints new executive director

Matthew Latimer succeeds Sandra Kegie at the Federation of Mutual Fund Dealers

Manulife announces changes to two funds subadvised by Mawer

Travis Goldfeldt will take over lead manager duties from incoming Mawer president Craig Senyk

  • By: IE Staff
  • December 12, 2018 December 12, 2018
  • 11:10

Fidelity lowers risk ratings for two mutual funds

New ratings will take effect in January

  • By: IE Staff
  • December 13, 2018 December 13, 2018
  • 13:00

London Life, Mackenzie introduce goals-based investing program

The firms are also launching a new mutual fund family

Equitable Bank product uses whole life insurance to fund retirement

Clients can borrow up to 90% of the cash surrender value of the life insurance policy

  • By: IE Staff
  • December 12, 2018 December 12, 2018
  • 15:15

CFTC seeks input on cryptocurrency Ether

The U.S. regulator wants to understand the similarities and differences between Ether and Bitcoin

OSFI raises domestic stability buffer for banks to 1.75%

Banks should be setting aside capital so that they can weather a deterioration in economic conditions

OSC names new registrant advisory committee members

The RAC serves as a forum to discuss compliance and registration issues

TSX ends down despite rise in the price of crude oil

U.S. markets finished mixed

Moody’s downgrades Ontario’s credit rating

Higher debt and slow revenue growth will result in a faster than previously forecast increase of Ontario’s debt burden

TSX, New York markets climb on positive outlook for U.S.-China trade deal

Toronto index gains 115 points