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Breaking down a record year for ETFs

ETF assets have grown by more than five times since the end of 2010, according to IFIC

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Purpose Advisor Solutions acquires Wealthsimple advisor platform

J-F Courville and Dave Nugent will join the firm as managing partners

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Global group targets international tax evasion scheme

The Joint Chiefs of Global Tax Enforcement say they've uncovered "significant information" that will lead to criminal charges

  • By: IE Staff
  • January 23, 2020 January 23, 2020
  • 12:11
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Scotiabank chief economist doubtful on recession, expects interest rate cut

Jean Francois Perrault pegs the likelihood of a Canadian recession at 25%

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Bank of Canada keeps key rate target on hold, trims growth expectations

The central bank forecasts 1.6% growth this year

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BMO Financial to acquire fintech firm

Clearpool Group Inc. provides a cloud-based trade execution platform

  • By: IE Staff
  • January 22, 2020 January 22, 2020
  • 10:50
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MSCI to provide investor insight on private markets

The research giant takes a minority stake in a private asset specialist

ETF sales ended 2019 on high note

IFIC reports that ETF sales were up in all asset classes tracked in December

  • By: IE Staff
  • January 21, 2020 January 21, 2020
  • 14:55
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Wealthsimple introduces new ‘saving and spending’ account

The no-fee account offers a 2.4% interest rate

House.

Prairies miss out on rising house prices

It was a seller's market in the rest of the country

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TSX expected to shatter records in 2020 after gaining 2.9% to start year

Markets are being propelled by stabilization in the global economy, says Manulife Investment Management

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Discount brokers face trailer-fee class action

The CSA plans to ban the payment of trailer fees to online brokerages later this year

  • By: IE Staff
  • January 17, 2020 January 22, 2020
  • 17:00
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Developing a digital greenback

Former CFTC head Chris Giancarlo is spearheading an effort to launch a digital U.S. currency

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Confident consumers lift U.S. retail sales in December

After a slow start to the holiday shopping season, sales rose 0.3% in December

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Harbourfront acquires Vertex One’s private wealth division

The deal is expected to “boost Harbourfront’s already growing asset base”

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New platform designed to serve clients with smaller accounts

Agora's Private Client Platform offers model portfolios tailored to clients with average account sizes

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New subscription service helps dealer firms meet KYP requirements

ShelfMonitor scans for changes to investment products

  • By: IE Staff
  • January 14, 2020 January 14, 2020
  • 12:02

World’s largest asset manager shifts focus to climate change

The asset manager is exiting investments in coal used to generate power and asking clients to disclose climate risks

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Morneau says environment, protecting economy to be key focus of 2020 budget

The Liberals will need the help of opposition parties to pass the budget

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Sterling Mutuals to use new digital wealth management platform

The new platform from Pascal Financial will feature investment algorithms powered by artificial intelligence

CIBC HQ

CIBC hires former MP Lisa Raitt as vice-chair of global investment banking

Raitt is the latest high-profile politician to move to the banking sector

TMX Group CEO Lou Eccleston steps down following historical allegations

TMX Group said it's in the company's best interests for the CEO to retire early

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Ontario court certifies class action against brokerages

Investors shouldn't be left to bring individual claims, court rules

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Modest global rebound on tap, says World Bank

Still, many global risks remain even as trade hostilities have lessened

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CRA gets “D” on recent report card

The CFIB made 200 test calls to evaluate the tax information call centre's performance