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RioCan REIT reports profits up

Rents continue to trend upward, CEO says

data connections
Industry News

Canada headed for a hybrid open-banking regime

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

parliament hill
Industry News

Second bill on open banking expected in the fall

Screen scraping would be phased out over time

housing costs

On which home should you claim the principal residence exemption?

Homeowners must now consider the proposed higher capital gains inclusion rate

Broke insolvent
Research and Markets

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

Business bankruptcies reach highest level in the past year

Banned
From the Regulators

Former fund rep sanctioned for exceeding registration

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

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Products

Embracing the AI boom through AI ETFs

Asset managers anticipate explosive growth in the AI market

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Research and Markets

Household income rebounds to end 2023: OECD

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

consultation discussion
From the Regulators

ESMA consults on retail crypto funds

Regulator contemplates expanding eligible assets for retail investment funds

From the Regulators

IOSCO chief heads to FSB

Global group of regulators seeks new secretary general

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Research and Markets

Capital markets rebound offsets U.S. banks’ weakness

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

Wall street sign in New York with American flags and New York Stock Exchange background.
From the Regulators

U.S. regulators revive incentive pay proposals

Rules were initially crafted to discourage excessive risk taking in the wake of the global financial crisis

Canadian Parliament Building at Dusk

Tax group asks feds to allow deemed sales ahead of capital gains change

Taxpayers have been given too little time to plan next steps, CBA-CPA joint committee says

Berkshire Hathaway event gives good view of Warren Buffett’s successor

The event also raised new questions about the company's succession plan

Capital gains changes tip the scales for business owners

Incorporated professionals must consider deferral, dividends and deductions

TD penalties expected to be higher on alleged money laundering link: analyst

Bank says it's working to strengthen its anti-money laundering program

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

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

Emerge ETFs class action won’t proceed

Fund manager has no assets or insurance, lawyer says

OSC to increase focus on DIY investors

The regulator also wants to toughen enforcement and see better advice given at banks

FSRA chief tapped for Ontario Energy Board

Proposed appointment still needs to be confirmed by legislative committee

SEC sanctions systematic audit firm failures

Firm allegedly recycled audit papers, routinely failed to meet standards

ESG discussions with clients lacking, research suggests

Secret shopper exercise highlights the need to align client goals with appropriate investments

Green bond issuance rebounds in Q1: Moody’s

New issue activity on track to meet US$950 billion full-year forecast

Energy inflation resurfaces, core stays stable: OECD

Weaker food prices help offset rising energy inflation