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CIRO panel revokes third-party order

Earlier decision requiring clearing broker to produce records overturned

Tread carefully
From the Regulators

Crypto hedge funds hampered by timid bankers: Report

AIMA survey finds crypto funds struggle to get basic banking services

SEC names co-directors of enforcement
Research and Markets

Wall Street to report stronger earnings: Moody’s

Investment banking, trading revenues expected to rise in Q4

Research and Markets

Rising yields challenge sovereign finances: Fitch

Higher borrowing costs will make it tougher to tackle debt, deficits

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Industry News

Deadline nears to repay 2024 interest on prescribed-rate loans

Why clients must avoid late payment, consider current loan structure

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Products

Product roundup: BlackRock doubles down on its spot bitcoin ETF

Plus, other firms announce fee changes, fund closures and mergers

Bank Of Montreal Branch stock photo
From the Regulators

BMO agrees to pay US$40 million to settle SEC charges on supervision failure

BMO Capital Markets division is alleged to have sold mortgage-backed bonds using misleading metrics

China flag
Research and Markets

China’s exports in December up 10.7%, beating estimates as higher US tariffs loom

Businesses are trying to “front-run” Trump tariffs, says Capital Economics

Personal finances
Research and Markets

Canadians’ financial stress ramping up despite interest rate cuts: MNP

MNP's Consumer Debt Index dropped to the second-lowest level since 2017

Class action
From the Regulators

Liquidnet sanctioned by SEC

ATS operator settles allegations of compliance shortcomings

Canada U.S.
Industry News

U.S. elimination of WEP is good news for cross-border pensioners

Eligible Canadians with a U.S. work history will get their social security benefits restored

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People

Industry moves this week

Harvest ETFs brings on new talent; industry marks passing of Richardson Wealth vice-chair and former CIBC CEO

A gavel rests on its sounding block with a several law books and a justice scale out of fucus in the background. A cool blue cast dominates the scene. (A gavel rests on its sounding block with a several law books and a justice scale out of fucus in t
From the Regulators

Rep must repay recruitment bonus, appeal court says

Revised agreement between a rep and his former firm was valid: decision

7 housing-related tax savings for 2024 filing season

As interest rate cuts spur the housing market, there are a myriad of tax credits Canadians and incentives can access

Opinion: ‘Flynancial’ advisor ad is a reminder of how title protection falls short

Clients expect advisors to offer advice competently and to their advantage

Big banks’ foreign success brings added risk too

Growth of banks' foreign operations raises vulnerabilities: BoC paper

Industry moves last week

National Bank announces senior leadership changes and retirements

Ottawa names new president and CEO of Export Development Canada

Alison Nankivell succeeds Mairead Lavery

Industry moves this week

2025 board members named for key OSC committee, FID, while IFBC’s Susan Allemang retires after 20 years

Canadian ETFs shattered records in 2024, outperformed mutual funds

There are now nearly 1,500 ETFs listed in Canada, with $519B in AUM

Product roundup: Harvest plans to expand its ETF lineup

Plus, a new PM for a Fidelity fund, VersaBank looks to offer common shares

Fund sales climb, assets surge in November: IFIC

ETF net sales set a year-to-date record

CFTC sees turnover ahead of new Trump administration

Regulator's head of enforcement, chair to depart next week

Courts making little use of restitution orders

Effort to elevate financial compensation in criminal cases falls flat

CIRO floats short-selling reforms

SRO proposes mandatory close-out requirements that aim to prevent failed trades, align with U.S. regime

Syndicated lending hits record level in 2024: LSEG

JP Morgan tops global league tables, BMO Capital Markets leads in Canada

Surging U.S. job market could prove costly for households, businesses as odds of quick rate cuts fade

Many economists don’t expect the Fed to cut rates again until the second half of 2025, if at all

Canada added 91,000 jobs in December

The U.S. added 256,000 positions, unemployment rate steady at 4.1%

  • By: Kevin Press
  • January 10, 2025 January 10, 2025
  • 09:27