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Bank of Canada note
Industry News

BoC officials split on when to start cutting rates, summary shows

Some members thought bank should take its time; others were concerned about keeping interest rates high for too long

Pro bono advice
From the Regulators

Advisors face new U.S. fiduciary requirements

Labor Department finalizes fiduciary rule for retirement advice

Aging
Research and Markets

More than 1 in 4 aging Americans don’t expect to retire: AARP

Nearly three-quarters are concerned about prices rising faster than incomes

gavel

Tribunal asked to pause OSC’s Bridging case

Lawyers for firm's founder seek adjournment amid unpaid legal bills

Desjardins complex
Industry News

Desjardins sells its shares in Fiera

Desjardins says the transaction "does not call into question our business relationship with Fiera"

Pretty young woman refuel the car
Research and Markets

Statistics Canada reports dip in retail sales

February result weighed down by slumping fuel sales

Piggybank With Eyeglasses And Calculator On Wooden Table, TFSA, RRSP
Industry News

CRA to charge 9% interest on overdue tax in Q3

Prescribed rate to dip as inflation eases

Bitcoin cryptocurrency with a pile of coins and smartphone, Vector illustrator
Research and Markets

Interest in cryptoassets increasing among firms and institutional investors: survey

Half of financial services respondents said they offered cryptoasset services in 2023, up from 41% in 2021

  • By: IE Staff
  • April 24, 2024 April 24, 2024
  • 10:43
Research and Markets

Financial planning projections generally brighter in 2024

Canadian equities are projected to return 6.4% over the next decade, up slightly from last year

U.S. flag and voting stickers
Research and Markets

U.S. election outcome looms large for Canada

Risk of a trade war, inflation, higher interest rates accompanies U.S. vote

Research and Markets

Equifax testing use of rent data for credit scores

Policy could be a double-edged sword for renters, advocates warn

Green globe in forest
From the Regulators

Nature, workforce risks next on ISSB’s agenda

Standards setter defines its policy direction beyond climate disclosures

Budget softens mandatory tax disclosure regime

While financial advisors are still subject to the rules, the budget change could undermine lawyers' Charter challenge of the regime

First Nations on cusp of more self-sustaining project financing

Only a matter of time before equity deals on pipelines are announced, says RBC top exec McKay

AIMCo’s balanced fund falls short of benchmark in 2023

Returns affected by high inflation and interest rates, geopolitics, chief executive says

Industry moves this week

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

  • By: Katie Keir
  • April 15, 2024 April 15, 2024
  • 13:17

Sam Albanese, industry pioneer, dies at 76

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

Industry moves this week

A mix of retirements and firm expansions, alongside RBC's termination notice

  • By: Katie Keir
  • April 10, 2024 April 9, 2024
  • 07:01

TFSAs, RRSPs and more could see changes in allowed investments

Qualified investments review could lead to lower costs for investors but also restrictions

OSC still overseeing Emerge Canada as receivable remains unpaid

The regulator's investigation into Emerge Canada is ongoing

Private markets becoming more accessible, but due diligence needed

Compared to public markets, private markets have less transparency and offer less liquidity

FCA escalates greenwashing fight

Regulator seeks to extend regime to portfolio managers

Court certifies crypto class action against Binance

Suit alleges that retail investor trades violated securities law

Crypto manipulator convicted

Trader defrauded platform of over US$110 million in novel market manipulation

Fund sales slip in March, but assets rise: IFIC

ETFs outperform mutual funds in both net sales, asset gains

Wall Street banks see brighter capital markets

A rebound in investment banking represents a ray of hope for sector

Wealth gap widens to highest since 2015: TD

Middle- and low-income households saw stagnated income growth or declines